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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 30<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0009 up 0.0006<BR>Chicago corn closed slightly to moderately lower.</DIV>
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<DIV> MAR11 HI 6.25 DEC11 HI 5.56<BR> LOW 6.12 1/2 LOW 5.47 1/2<BR> CLOSE6.16 Down 8 CLOSE 5.51 1/4 Down 4 3/4</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 5.41 212.98 -0.70 4.81 189.46<BR>CK High -0.75 5.41 212.98 -0.70 4.81 189.46<BR>CK Avg -0.75 -0.76 5.41 212.98 -0.70 -0.72 4.81 189.46<BR>Essex Cty -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Mdsx Low -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Mdsx High -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Mdsx Avg -0.75 -0.76 5.41 212.98 -0.70 -0.72 4.81 189.46<BR>Hensall -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Bruce -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Putnam -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Princeton -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Durham -0.85 5.31 209.05 -0.80 4.71 185.52<BR>Norfolk -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Trenton -0.80 5.36 211.01 -0.80 4.71 185.52<BR>Winchester -0.70 5.46 214.95 -0.65 4.86 191.43<BR>North Gower N/A N/A<BR>Huron FOB -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Kent FOB -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Lamb FOB -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Mdsx FOB -0.75 -0.75 -0.70 -0.70 5.41 212.98 -0.70 4.81 189.46<BR>FOB SW Que -0.70 5.46 214.95 -0.50 5.01 197.33<BR>Track -0.25 5.91 232.67N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.65 4.86 191.43<BR>Jhnstwn-Eth N/A N/A N/A N/A -0.50 5.01 197.33<BR>Aylmer-Eth N/A -0.60 -0.60 -0.65 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 4.81 189.46<BR>London-Cas N/A -0.70 -0.70 -0.70 -0.50 5.01 197.33<BR>Pt.Colb-Cas N/A N/A N/A -0.40 -0.40 5.11 201.27<BR>Cardnl-Cas N/A N/A N/A N/A -0.40 5.11 201.27<BR>W O Feed -0.34 -0.34 5.82 229.12</DIV>
<DIV> </DIV>
<DIV>US Rep 0.20 0.20 6.36 250.38<BR>Toledo El. -0.12 6.04 237.78 -0.47 5.04 198.45</DIV>
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<DIV>TRANSFER<BR>Sarnia -0.75 5.41 212.98 -0.70 4.81 189.46<BR>Pt. Stanley -0.75 5.41 212.98 -0.67 4.84 190.64<BR>Hamilton -0.50 5.66 222.82 -0.52 4.99196 5/9</DIV>
<DIV> </DIV>
<DIV>MID SD CRN -0.75 5.41<BR>HI SD CRN -0.75 5.41</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0009 up 0.0006<BR>Chicago soybeans closed mixed.</DIV>
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<DIV> JAN11 HI 13.74 NOV11 HI 12.88<BR> LOW 13.59 1/2 LOW 12.69<BR> CLOSE13.66 Unchanged CLOSE 12.84 1/2 Up 7 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 -0.91 12.75 468.48-1.00 11.85 435.23<BR>CK High -0.80 12.86 472.52-0.97 11.88 436.33<BR>CK Average -0.85 -0.8712.81 470.69-0.99-1.0411.85 435.52<BR>Essex Cty -0.77 12.89 473.63-0.91 11.94 438.54<BR>Mdsx Low -0.90 12.76 468.85-1.01 11.84 434.86<BR>Mdsx High -0.78 12.88 473.26-0.97 11.88 436.33<BR>Mdsx Average -0.84 -0.8612.82 470.93-0.99-1.0411.85 435.47<BR>Hensall -0.85 12.81 470.69-1.00 11.85 435.23<BR>Bruce -0.85 12.81 470.69-0.85 12.00 440.74<BR>Putnam -0.80 12.86 472.52-1.00 11.85 435.23<BR>Princeton -0.86 12.80 470.32-0.95 11.90 437.07<BR>Durham -0.90 12.76 468.85-0.99 11.86 435.60<BR>Norfolk -0.79 12.87 472.89-0.89 11.96 439.27<BR>Trenton -0.70 12.96 476.20-0.95 11.90 437.07<BR>Winchester -0.65 13.01 478.04-0.90 11.95 438.90<BR>North Gower N/A N/A<BR>Huron FOB -0.80 12.86 472.52-0.95 11.90 437.07<BR>Kent FOB -0.84 12.82 471.05-0.95 11.90 437.07<BR>Lambton FOB -0.84 12.82 471.05-0.95 11.90 437.07<BR>Middlesex FOB-0.66-0.66-0.66-0.61 13.00 477.67-0.90 11.95 438.90</DIV>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Hamilton -0.43-0.43-0.38-0.33 13.23 486.12-0.66 12.19 447.72<BR>Windsor -0.37-0.37-0.49-0.46 13.29 488.32-0.70 12.15 446.25<BR>Winchester -0.50 13.16 483.55-0.65 12.20 448.09</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Hamilton -0.40 N/A N/A N/A 13.26 487.22-0.60 12.25 449.93<BR>Pt. Stanley -0.85 12.81 470.69-1.05 11.80 433.39<BR>Sarnia -0.48 13.18 484.28-0.67 12.18 447.35<BR>Owen Sound N/A N/A<BR>Sorel QC -0.10 13.56 498.24-0.05 12.80 470.14</DIV>
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<DIV>Toledo El. -0.18 13.48 495.30-0.53 12.31 452.43</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0009 up 0.0006<BR>Chicago wheat closed moderately lower.<BR>MAR11 HI 7.99 JUL11 HI 8.34 3/4<BR> LOW 7.76 1/2 LOW 8.13 3/4<BR> CLOSE 7.84 3/4 Down 14 1/2 CLOSE 8.23 1/2 Down 12 3/4</DIV>
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<DIV>Minni wheat closed moderately lower.<BR>MAR11 HI 8.80 1/2 SEP11 HI 8.76 1/2<BR> LOW 8.66 1/2 LOW 8.66<BR> CLOSE 8.72 Down 11 1/4 CLOSE 8.72 Down 10</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 7.11 7.66 7.26 7.93<BR>CAD $/tonne 261.15 281.39 266.67 291.42</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 -1.06 -1.06 -1.91 N/A<BR>Hensall -0.70 N/A -0.95 N/A -0.90 N/A -1.75 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -1.85 N/A<BR>Winchester N/A N/A N/A N/A N/A N/A N/A -1.40<BR>Essex N/A N/A -1.04 N/A N/A N/A -1.95 N/A<BR>Norwich -0.70 N/A -0.95 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 -0.95 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 -0.95 N/A -0.90 -0.90 -1.80 N/A<BR>Thornton N/A N/A N/A -0.91 N/A N/A N/A -1.44<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 -1.30 N/A<BR>Pt. Stanley N/A N/A -0.85 N/A N/A N/A -1.80 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. 7.42US 7.43CA 7.41US 7.43CA</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 -1.53 -1.02<BR>CAD $/bu 7.16 7.51 6.71 7.70<BR>CAD $/tonne 263.11 276.02 246.52 282.84</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 411.61 - 413.81<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>