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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 29<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0003 down 0.0061<BR>Chicago corn closed narrowly mixed.</DIV>
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<DIV> MAR11 HI 6.26 1/2 DEC11 HI 5.59<BR> LOW 6.19 LOW 5.52 1/4<BR> CLOSE6.24 Up 3/4 CLOSE 5.56 Down 1 1/4</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 5.49 216.13 -0.70 4.86 191.33<BR>CK High -0.70 5.54 218.10 -0.70 4.86 191.33<BR>CK Avg -0.73 -0.74 5.51 216.79 -0.70 -0.72 4.86 191.33<BR>Essex Cty -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Mdsx Low -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Mdsx High -0.70 5.54 218.10 -0.70 4.86 191.33<BR>Mdsx Avg -0.73 -0.74 5.51 216.79 -0.70 -0.72 4.86 191.33<BR>Hensall -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Bruce -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Putnam -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Princeton -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Durham -0.85 5.39 212.19 -0.80 4.76 187.39<BR>Norfolk -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Trenton -0.80 5.44 214.16 -0.80 4.76 187.39<BR>Winchester -0.70 5.54 218.10 -0.65 4.91 193.30<BR>North Gower N/A N/A<BR>Huron FOB -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Kent FOB -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Lamb FOB -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Mdsx FOB -0.75 -0.75 -0.70 -0.70 5.49 216.13 -0.70 4.86 191.33<BR>FOB SW Que -0.55 5.69 224.01 -0.45 5.11 201.17<BR>Track -0.25 5.99 235.82N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.60 4.96 195.27<BR>Jhnstwn-Eth N/A N/A N/A N/A -0.50 5.06 199.20<BR>Aylmer-Eth N/A -0.50 -0.50 -0.55 N/A<BR>Sarn-Eth N/A -0.70 -0.45 -0.50 N/A<BR>Cllngwd-Eth N/A N/A N/A N/A -0.70 4.86 191.33<BR>London-Cas N/A -0.65 -0.65 -0.65 -0.45 5.11 201.17<BR>Pt.Colb-Cas N/A N/A N/A -0.30 -0.35 5.21 205.11<BR>Cardnl-Cas N/A N/A N/A N/A -0.35 5.21 205.11<BR>W O Feed -0.34 -0.34 5.90 232.27</DIV>
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<DIV>US Rep 0.20 0.20 6.44 253.53<BR>Toledo El. -0.12 6.12 240.93 -0.47 5.09 200.31</DIV>
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<DIV>TRANSFER<BR>Sarnia -0.75 5.49 216.13 -0.70 4.86 191.33<BR>Pt. Stanley -0.75 5.49 216.13 -0.67 4.89 192.51<BR>Hamilton -0.50 5.74 225.97 -0.52 5.04198 2/5</DIV>
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<DIV>MID SD CRN -0.72 1/2 5.51 1/2<BR>HI SD CRN -0.70 5.54</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0003 down 0.0061<BR>Chicago soybeans closed slightly lower.</DIV>
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<DIV> JAN11 HI 13.77 1/2 NOV11 HI 12.83 3/4<BR> LOW 13.63 1/2 LOW 12.70<BR> CLOSE13.66 Down 9 3/4 CLOSE 12.77 1/4 Down 1 1/2</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 -0.90 12.76 468.85-1.05 11.72 430.73<BR>CK High -0.84 12.82 471.05-0.97 11.80 433.67<BR>CK Average -0.87 -0.8912.79 470.04-1.01-1.0611.76 432.12<BR>Essex Cty -0.76 12.90 473.99-0.91 11.86 435.87<BR>Mdsx Low -0.89 12.77 469.22-1.13 11.64 427.79<BR>Mdsx High -0.84 12.82 471.05-1.00 11.77 432.57<BR>Mdsx Average -0.87 -0.8912.79 469.95-1.05-1.1011.73 430.85<BR>Hensall -0.84 12.82 471.05-1.00 11.77 432.57<BR>Bruce -0.84 12.82 471.05-0.85 11.92 438.08<BR>Putnam -0.80 12.86 472.52-1.00 11.77 432.57<BR>Princeton -0.85 12.81 470.69-0.95 11.82 434.40<BR>Durham -0.90 12.76 468.85-1.15 11.62 427.05<BR>Norfolk -0.79 12.87 472.89-0.89 11.88 436.61<BR>Trenton -0.70 12.96 476.20-0.95 11.82 434.40<BR>Winchester -0.65 13.01 478.04-0.90 11.87 436.24<BR>North Gower N/A N/A<BR>Huron FOB -0.79 12.87 472.89-0.95 11.82 434.40<BR>Kent FOB -0.84 12.82 471.05-0.95 11.82 434.40<BR>Lambton FOB -0.84 12.82 471.05-0.95 11.82 434.40<BR>Middlesex FOB-0.71-0.71-0.66-0.61 12.95 475.83-0.90 11.87 436.24</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.45-0.45-0.40-0.35 13.21 485.38-0.65 12.12 445.43<BR>Windsor -0.36-0.36-0.48-0.45 13.30 488.69-0.70 12.07 443.59<BR>Winchester -0.50 13.16 483.55-0.65 12.12 445.43</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.39 N/A N/A N/A 13.27 487.59-0.60 12.17 447.26<BR>Pt. Stanley -0.84 12.82 471.05-1.05 11.72 430.73<BR>Sarnia -0.47 13.19 484.65-0.67 12.10 444.69<BR>Owen Sound N/A N/A<BR>Sorel QC -0.11 13.55 497.88-0.10 12.67 465.63</DIV>
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<DIV>Toledo El. -0.18 13.48 495.29-0.53 12.24 449.76</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0003 down 0.0061<BR>Chicago wheat closed slightly higher.<BR>MAR11 HI 8.06 1/4 JUL11 HI 8.41 1/4<BR> LOW 7.82 1/4 LOW 8.20 1/2<BR> CLOSE 7.99 1/4 Up 1 CLOSE 8.36 1/4 Up 1</DIV>
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<DIV>Minni wheat closed slightly lower.<BR>MAR11 HI 8.89 1/4 SEP11 HI 8.88<BR> LOW 8.74 LOW 8.76 1/4<BR> CLOSE 8.83 1/4 Down 1 CLOSE 8.82 Down 2 3/4</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 -0.74 -0.19 -0.59 -0.79<BR>CAD $/bu 7.25 7.80 7.40 8.05<BR>CAD $/tonne 266.54 286.78 272.06 295.62</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 -1.05 N/A N/A -0.95 -1.85 N/A<BR>London -0.89 -0.79 -1.04 N/A -1.09 -1.09 -1.94 N/A<BR>Hensall -0.70 N/A -0.90 N/A -0.90 N/A -1.75 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -1.80 N/A<BR>Winchester N/A N/A N/A N/A N/A N/A N/A N/A<BR>Essex N/A N/A -1.04 N/A N/A N/A -1.95 N/A<BR>Norwich -0.70 N/A -0.90 N/A -0.90 N/A -1.80 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.70 N/A -0.90 N/A -0.90 N/A -1.80 N/A<BR>Chatham N/A -0.70 -1.00 N/A N/A -1.00 -1.95 N/A<BR>Brigden N/A -0.70 -1.00 N/A N/A -1.00 -1.95 N/A<BR>Palmerston N/A -0.49 -0.99 -0.65 N/A -0.99 -1.79 -0.85<BR>Mitchell -0.70 -0.65 -0.90 N/A -0.90 -0.90 -1.80 N/A<BR>Thornton N/A N/A N/A -0.88 N/A N/A N/A -1.45<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 -0.53 -0.12 -0.53 N/A -0.81 -0.50 -1.48 N/A<BR>Hamilton N/A N/A -0.40 N/A N/A N/A -1.32 N/A<BR>Pt. Stanley N/A N/A -0.85 N/A N/A N/A -1.95 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.61 -0.29 N/A 0.28 0.03 -0.67 N/A</DIV>
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<DIV>Toledo El. 7.56US 7.57CA 7.53US 7.56CA</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 -1.07 -0.72 -1.52 -1.02<BR>CAD $/bu 7.29 7.64 6.84 7.80<BR>CAD $/tonne 267.92 280.83 251.32 286.65</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 275.00<BR>Bayport Oats 320.00<BR>Bayport Barley 260.00<BR>FOB Hm Soymeal 414.15 - 416.35<BR>DDG's FOB Srn, Wndr, Aylm 175.00 - 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>