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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, September 7</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.2895 up 0.0052</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div>      DEC16   HI 3.34                         DEC16    HI 3.34</div>
<div>             LOW 3.26  1/4                            LOW 3.26  1/4</div>
<div>            CLOSE3.33  1/4  Up 4 3/4                CLOSE 3.33  1/4  Up 4 3/4</div>
<div><br>
</div>
<div>            OLD CROP BASIS                          NEW CROP BASIS</div>
<div>Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt</div>
<div>ELEVATORS        +DEC16+DEC16+MAR17</div>
<div>CK Low       1.05                        4.38 172.53  0.85         4.18 164.66</div>
<div>CK High      1.15                        4.48 176.47  0.90         4.23 166.63</div>
<div>CK Avg       1.09                   0.10 4.42 174.17  0.88 -0.06   4.22 165.97</div>
<div>Essex Cty    1.15                        4.48 176.47  0.90         4.23 166.63</div>
<div>Mdsx Low     1.05                        4.38 172.53  0.85         4.18 164.66</div>
<div>Mdsx High    1.05                        4.38 172.53  0.90         4.23 166.63</div>
<div>Mdsx Avg     1.05                   0.07 4.38 172.53  0.88 -0.06   4.21 165.64</div>
<div>Hensall      1.05                        4.38 172.53  0.90         4.23 166.63</div>
<div>Bruce        1.05                        4.38 172.53  0.90         4.23 166.63</div>
<div>Putnam       1.05                        4.38 172.53  0.90         4.23 166.63</div>
<div>Burford      1.05                        4.38 172.53  0.85         4.18 164.66</div>
<div>Port Perry   1.05                        4.38 172.53  0.90         4.23 166.63</div>
<div>Norfolk      1.10                        4.43 174.50  0.95         4.28 168.59</div>
<div>Palmerston   1.15                        4.48 176.47  0.90         4.23 166.63</div>
<div>Varna        1.05                        4.38 172.53  0.90         4.23 166.63</div>
<div>Trenton      1.20                        4.53 178.44  0.90         4.23 166.63</div>
<div>Winchester   1.25                        4.58 180.41  1.11         4.44 174.89</div>
<div>North Gower  1.07                        4.40 173.32  1.11         4.44 174.89</div>
<div>Huron FOB    1.15                        4.48 176.47  0.90         4.23 166.63</div>
<div>Kent FOB     1.10                        4.43 174.50  0.90         4.23 166.63</div>
<div>Lamb FOB     1.20                        4.53 178.44  0.85         4.18 164.66</div>
<div>Mdsx FOB     1.10N/A   N/A   N/A         4.43 174.50  0.90         4.23 166.63</div>
<div>FOB SW Que   1.75                        5.08 200.09N/A</div>
<div>Track        1.50                        4.83 190.25N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth    N/A  N/A   N/A   N/A                    N/A</div>
<div>Jhnstwn-Eth N/A    1.25  1.25  1.25                   1.25         4.58 180.41</div>
<div>Aylmer-Eth  N/A    1.20  1.05  1.15                   1.05         4.38 172.53</div>
<div>Sarn-Eth     1.30  1.15N/A     1.15      4.63 182.37  1.15         4.48 176.47</div>
<div>Kawartha    N/A  N/A   N/A   N/A                    N/A</div>
<div>London-Ing  N/A  N/A   N/A     1.17                 N/A</div>
<div>Pt.Colb-Ing N/A    1.45  1.05  1.22                   1.05         4.38 172.53</div>
<div>Cardnl-Ing  N/A    1.35  1.15  1.36                   1.15         4.48 176.47</div>
<div>W O Feed     1.48                        4.81 189.38</div>
<div><br>
</div>
<div>US Rep       1.55                        4.88 192.22</div>
<div>Toledo El.  -0.15                        3.18 125.10 -0.26         3.07 121.06</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN                                            0.87   1/2   4.20 3/4</div>
<div>HI SD CRN                                             0.90         4.23 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.2895 up 0.0052</div>
<div>Chicago soybeans closed slightly to moderately higher.</div>
<div><br>
</div>
<div>       NOV16   HI 9.78  1/4           NOV16    HI 9.78  1/4</div>
<div>              LOW 9.58  1/4                   LOW 9.58  1/4</div>
<div>             CLOSE9.75  1/2  Up 15 3/4      CLOSE 9.75  1/2  Up 15 3/4</div>
<div><br>
</div>
<div>             OLD CROP                             NEW CROP</div>
<div>Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt</div>
<div>ELEVATORS         +NOV1+NOV1+JAN17</div>
<div>CK Low       2.35                     12.11 444.782.33      12.09 444.05</div>
<div>CK High      2.75                     12.51 459.482.55      12.31 452.13</div>
<div>CK Average   2.49                -0.2612.25 449.992.40 -0.3212.15 446.50</div>
<div>Essex Cty    2.45                     12.21 448.462.40      12.16 446.62</div>
<div>Mdsx Low     2.50                     12.26 450.292.31      12.07 443.31</div>
<div>Mdsx High    2.50                     12.26 450.292.35      12.11 444.78</div>
<div>Mdsx Average 2.50                -0.2512.26 450.292.33 -0.3712.09 444.05</div>
<div>Hensall      2.53                     12.28 451.212.38      12.13 445.70</div>
<div>Bruce        2.50                     12.26 450.292.35      12.11 444.78</div>
<div>Putnam       2.50                     12.26 450.292.35      12.11 444.78</div>
<div>Burford       N/A                                 2.34      12.10 444.42</div>
<div>Port Perry    N/A                                 2.31      12.07 443.31</div>
<div>Norfolk      2.40                     12.16 446.622.40      12.16 446.62</div>
<div>Palmerston   2.45                     12.21 448.462.40      12.16 446.62</div>
<div>Varna        2.65                     12.41 455.812.50      12.26 450.29</div>
<div>Trenton       N/A                                 2.55      12.31 452.13</div>
<div>Winchester    N/A                                 2.41      12.17 446.99</div>
<div>North Gower   N/A                                 2.39      12.15 446.25</div>
<div>Huron FOB    2.65                     12.41 455.812.50      12.26 450.29</div>
<div>Kent FOB      N/A                                 2.45      12.21 448.46</div>
<div>Lambton FOB   N/A                                 2.50      12.26 450.29</div>
<div>Middlesex FOB2.56 2.55  N/A  N/A      12.32 452.502.44      12.20 448.09</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton     2.96 2.76 2.89  N/A      12.72 467.202.76      12.52 459.85</div>
<div>Windsor       N/A  N/A  N/A  N/A                   N/A</div>
<div>Winchester    N/A                                  N/A</div>
<div><br>
</div>
<div>TRANSFER</div>
<div>Prescott     2.89                     12.65 464.623.02      12.78 469.40</div>
<div><br>
</div>
<div>Toledo El.   0.00                      9.76 358.43-0.41      9.34 343.30</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.2895 up 0.0052</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16      HI         4.05              JUL17   HI      4.48  1/4</div>
<div>           LOW        3.96                      LOW        4.43</div>
<div>           CLOSE  4.02  3/4  Up 4 1/4           CLOSE   4.46  1/2  Up 3</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16      HI     4.91  1/2             SEP17   HI      5.29  3/4</div>
<div>           LOW    4.85  1/4                     LOW        5.28</div>
<div>           CLOSE  4.88   Up 2                   CLOSE   5.28  1/4  Up 2</div>
<div><br>
</div>
<div>GFO Cash Wheat Prices - DEL Terminal</div>
<div>Harvest 16        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)</div>
<div>Basis                 0.46          0.39            0.52          0.12</div>
<div>CAD $/bu              4.48          4.42            4.55          5.00</div>
<div>CAD $/tonne         164.79        162.42          167.16        183.86</div>
<div><br>
</div>
<div><br>
</div>
<div>Direct MarkHarvest 2016                 Harvest 2017</div>
<div>           DELIVERED BASIS              DELIVERED BASIS</div>
<div>Location   SWW(C) HRW(C)  SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)</div>
<div>ELEVATORS</div>
<div>Brgssvll     N/A    N/A    0.10    N/A    N/A     N/A    0.40    N/A</div>
<div>London      0.04    0.04   0.04    N/A    0.35    0.22   0.29    N/A</div>
<div>Hensall     0.10    N/A    0.10    N/A    0.50    N/A    0.40    N/A</div>
<div>Trenton      N/A    N/A    0.20    N/A    N/A     N/A    0.40    N/A</div>
<div>Winchester   N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A</div>
<div>Essex        N/A    N/A    0.15    N/A    N/A     N/A    0.41    N/A</div>
<div>Norwich     0.10    N/A    0.10    N/A    0.50    N/A    0.40    N/A</div>
<div>Port Hope    N/A    0.10   0.15    N/A    N/A     0.35   0.40    N/A</div>
<div>Kent Bridge 0.10    N/A    0.10    N/A    0.50    N/A    0.40    N/A</div>
<div>Chatham      N/A    0.10   0.10    N/A    N/A     N/A    0.40    N/A</div>
<div>Brigden      N/A    N/A    0.10    N/A    N/A     N/A    0.40    N/A</div>
<div>Palmerston   N/A    0.13   0.15   0.30    N/A     0.40   0.45   0.50</div>
<div>Varna       0.15    0.10   0.15    N/A    0.50    0.40   0.40    N/A</div>
<div>Mitchell    0.10    0.10   0.10    N/A    0.50    0.35   0.40    N/A</div>
<div>Thornton     N/A    N/A     N/A   0.22    N/A     N/A     N/A    N/A</div>
<div>North Gower  N/A    0.26   0.39   -0.01   N/A     N/A     N/A    N/A</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott     N/A    0.40   0.60   0.39    N/A     0.60   0.60   0.45</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM    N/A    N/A    1.17    N/A    N/A     N/A    1.28    N/A</div>
<div><br>
</div>
<div>Toledo El. 3.71US         4.78CA        4.27US          5.49CA</div>
<div><br>
</div>
<div>GFO Contract Wheat Prices - DEL Terminal</div>
<div>Harvest 17        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)</div>
<div>Basis                 0.64          0.58            0.32</div>
<div>CAD $/bu              5.11          5.04            4.78</div>
<div>CAD $/tonne         187.59        185.22          175.76</div>
<div><br>
</div>
<div>(C)-Basis over the Chicago Board of Trade futures</div>
<div>(M)-Basis over the Minneapolis Grain Exchange</div>
<div><br>
</div>
<div>FEED GRAINS</div>
<div>FOB Hm Soymeal             491.31</div>
<div>DDG's FOB Srn & Aylm      175.00 - 180.00</div>
<div><br>
</div>
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