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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 7<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0093 up 0.0035<BR>Chicago corn closed moderately lower.</DIV>
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<DIV> MAR11 HI 5.75 3/4 DEC11 HI 5.35 1/2<BR> LOW 5.56 3/4 LOW 5.22 1/4<BR> CLOSE5.61 3/4 Down 6 1/4 CLOSE 5.24 1/4 Down 5</DIV>
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<DIV> OLD CROP BASIS NEW CROP BASIS<BR>Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt<BR>ELEVATORS +MAR11+MAR11+MAY11<BR>CK Low -0.75 4.87 191.63 -0.75 4.49 176.86<BR>CK High -0.75 4.87 191.63 -0.70 4.54 178.83<BR>CK Avg -0.75 -0.82 4.87 191.63 -0.71 -0.78 4.53 178.50<BR>Essex Cty -0.75 4.87 191.63 -0.75 4.49 176.86<BR>Mdsx Low -0.75 4.87 191.63 -0.75 4.49 176.86<BR>Mdsx High -0.75 4.87 191.63 -0.70 4.54 178.83<BR>Mdsx Avg -0.75 -0.82 4.87 191.63 -0.72 -0.79 4.53 178.17<BR>Hensall -0.75 4.87 191.63 -0.70 4.54 178.83<BR>Bruce -0.75 4.87 191.63 -0.70 4.54 178.83<BR>Putnam -0.75 4.87 191.63 -0.70 4.54 178.83<BR>Princeton -0.75 4.87 191.63 -0.75 4.49 176.86<BR>Durham -1.00 4.62 181.78 -0.70 4.54 178.83<BR>Norfolk -0.75 4.87 191.63 -0.70 4.54 178.83<BR>Trenton -0.85 4.77 187.69 -0.80 4.44 174.89<BR>Winchester -0.85 4.77 187.69 -0.70 4.54 178.83<BR>North Gower N/A N/A<BR>Huron FOB -0.70 4.92 193.59 -0.70 4.54 178.83<BR>Kent FOB -0.75 4.87 191.63 -0.70 4.54 178.83<BR>Lamb FOB -0.75 4.87 191.63 -0.70 4.54 178.83<BR>Mdsx FOB -0.75N/A N/A N/A 4.87 191.63 -0.70 4.54 178.83<BR>FOB SW Que -0.55 5.07 199.50 -0.50 4.74 186.70<BR>Track -0.35 5.27 207.37N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.55 4.69 184.74<BR>Jhnstwn-Eth N/A N/A N/A N/A -0.55 4.69 184.74<BR>Aylmer-Eth -0.80 -0.75 -0.70 -0.75 4.82 189.66N/A<BR>Sarn-Eth N/A -0.60 -0.35 -0.35 N/A<BR>Cllngwd-Eth N/A N/A N/A N/A N/A<BR>London-Cas N/A N/A -0.75 -0.90 -0.55 4.69 184.74<BR>Pt.Colb-Cas N/A N/A -0.70 -0.45 -0.45 4.79 188.67<BR>Cardnl-Cas N/A N/A N/A N/A -0.40 4.84 190.64<BR>W O Feed -0.36 -0.37 5.26 206.98</DIV>
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<DIV>US Rep 0.25 0.24 5.87 230.99<BR>Toledo El. -0.12 5.50 216.37 -0.48 4.77 187.62</DIV>
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<DIV>TRANSFER<BR>Sarnia -0.75 4.87 191.63 -0.75 4.49 176.86<BR>Pt. Stanley -0.65 4.97 195.56 -0.75 4.49 176.86<BR>Hamilton -0.60 5.02 197.53 -0.52 4.72186</DIV>
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<DIV>MID SD CRN -0.75 4.86 3/4<BR>HI SD CRN -0.75 4.86 3/4</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0093 up 0.0035<BR>Chicago soybeans closed narrowly mixed.</DIV>
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<DIV> JAN11 HI 13.03 1/4 NOV11 HI 12.14<BR> LOW 12.82 1/4 LOW 11.94 3/4<BR> CLOSE12.85 1/2 Down 3 CLOSE 12.00 Up 1 1/4</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +JAN1+JAN1+MAR11<BR>CK Low -0.76 12.10 444.42-1.05 10.95 402.34<BR>CK High -0.70 12.16 446.62-0.94 11.06 406.39<BR>CK Average -0.74 -0.8912.12 445.15-0.99-1.1611.01 404.62<BR>Essex Cty -0.66 12.20 448.09-1.07 10.93 401.61<BR>Mdsx Low -0.77 12.09 444.05-1.00 11.00 404.18<BR>Mdsx High -0.69 12.17 446.99-0.97 11.03 405.28<BR>Mdsx Average -0.74 -0.8912.12 445.27-0.98-1.1511.02 404.79<BR>Hensall -0.75 12.11 444.78-1.00 11.00 404.18<BR>Bruce -0.75 12.11 444.78-1.00 11.00 404.18<BR>Putnam -0.70 12.16 446.62-1.00 11.00 404.18<BR>Princeton -0.70 12.16 446.62-1.03 10.97 403.08<BR>Durham -0.77 12.09 444.05-0.99 11.01 404.55<BR>Norfolk -0.72 12.14 445.88-1.03 10.97 403.08<BR>Trenton -0.85 12.01 441.11-1.05 10.95 402.34<BR>Winchester -0.66 12.20 448.09-0.92 11.08 407.12<BR>North Gower N/A N/A<BR>Huron FOB -0.65 12.21 448.46-0.95 11.05 406.02<BR>Kent FOB -0.77 12.09 444.05-1.03 10.97 403.08<BR>Lambton FOB -0.77 12.09 444.05-1.03 10.97 403.08<BR>Middlesex FOB-0.69-0.59-0.54 N/A 12.17 446.99-0.90 11.10 407.86</DIV>
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<DIV>PROCESSORS<BR>Hamilton N/A N/A N/A N/A N/A<BR>Windsor -0.21-0.31-0.30-0.24 12.65 464.62-0.58 11.42 419.61<BR>Winchester -0.60 12.26 450.29-0.75 11.25 413.37</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.18 N/A N/A N/A 12.68 465.73-0.55 11.45 420.72<BR>Pt. Stanley -0.63 12.23 449.19-1.00 11.00 404.18<BR>Sarnia -0.30 12.56 461.32-0.56 11.44 420.35<BR>Owen Sound N/A N/A<BR>Sorel QC -0.15 12.71 466.83-0.20 11.80 433.58</DIV>
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<DIV>Toledo El. -0.18 12.67 465.65-0.54 11.46 421.17</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0093 up 0.0035<BR>Chicago wheat closed slightly lower.<BR>MAR11 HI 8.11 JUL11 HI 8.18 1/4<BR> LOW 7.77 LOW 7.96<BR> CLOSE 7.84 3/4 Down 8 1/4 CLOSE 8.03 1/4 Down 4 1/2</DIV>
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<DIV>Minni wheat closed slightly higher.<BR>MAR11 HI 8.68 1/4 SEP11 HI 8.60<BR> LOW 8.45 1/4 LOW 8.45 1/4<BR> CLOSE 8.55 Up 4 3/4 CLOSE 8.53 Up 4</DIV>
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<DIV>GFO Cash Wheat Prices - DEL Terminal<BR>Current Crop 10 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.77 -0.51 -0.82 -0.81<BR>CAD $/bu 7.08 7.33 7.03 7.74<BR>CAD $/tonne 260.21 269.51 258.35 284.47</DIV>
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<DIV><BR>Direct MarkHarvest 2010 Harvest 2011<BR> DELIVERED BASIS DELIVERED BASIS<BR>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<BR>ELEVATORS<BR>Brgssvll N/A -0.70 -1.15 N/A N/A -0.90 -1.80 N/A<BR>London -0.83 -0.78 -1.09 N/A -1.08 -0.98 -1.94 N/A<BR>Hensall -0.80 N/A -1.05 N/A -1.00 N/A -1.80 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -1.75 N/A<BR>Winchester N/A N/A N/A -0.93 N/A N/A N/A -1.11<BR>Essex N/A N/A -1.08 N/A N/A N/A -1.90 N/A<BR>Norwich -0.80 N/A -1.05 N/A -1.00 N/A -1.90 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.80 N/A -1.05 N/A -1.00 N/A -1.90 N/A<BR>Chatham N/A -0.75 -0.10 N/A N/A -1.05 -1.93 N/A<BR>Brigden N/A -0.75 -1.03 N/A N/A -1.05 -1.93 N/A<BR>Palmerston N/A -0.80 -0.97 -0.62 N/A -0.96 -1.77 -0.82<BR>Mitchell -0.80 -0.65 -1.05 N/A -1.00 -0.90 -1.90 N/A<BR>Thornton N/A N/A N/A -0.68 N/A N/A N/A -1.43<BR>North Gower N/A N/A N/A N/A N/A N/A N/A N/A</DIV>
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<DIV>TERMINAL<BR>Sarnia N/A N/A N/A N/A -0.90 -0.60 -0.96 N/A<BR>Hamilton N/A N/A -0.35 N/A N/A N/A -1.31 N/A<BR>Pt. Stanley N/A N/A -0.90 N/A N/A N/A -1.76 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.60 -0.41 N/A 0.37 0.11 -0.60 N/A</DIV>
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<DIV>Toledo El. 7.22US 7.30CA 7.00US 7.10CA</DIV>
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<DIV>GFO Contract Wheat Prices - DEL Terminal<BR>Harvest 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -1.00 -0.65 -1.51 -0.94<BR>CAD $/bu 7.03 7.39 6.52 7.59<BR>CAD $/tonne 258.34 271.39 239.71 278.75</DIV>
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<DIV>(C)-Basis over the Chicago Board of Trade futures<BR>(M)-Basis over the Minneapolis Grain Exchange</DIV>
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<DIV>FEED GRAINS<BR>Bayport Wheat 260.00<BR>Bayport Oats 305.00<BR>Bayport Barley 245.00<BR>FOB Hm Soymeal 392.76 - 399.37<BR>DDG's FOB Srn, Wndr, Aylm 165.00 - 200.00<BR></DIV>
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<DIV>John Jordan<BR>Editor, AgriLink and Farm Market News<BR>University of Guelph, Ridgetown Campus<BR>Tel. 519-674-1500 x 63577</DIV>
<DIV>Fax. 519-674-1530<BR>E-mail: jjordan@ridgetownc.uoguelph.ca<BR>AgriLink website : www.ridgetownc.com/agrilink </DIV></BODY></HTML>