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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, March 17<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9885 down 0.0033<BR>Chicago corn closed limit up.</DIV>
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<DIV> MAY11 HI 6.46 1/2 DEC11 HI 5.79 1/4<BR> LOW 6.16 LOW 5.50<BR> CLOSE6.46 1/2 Up 30 CLOSE 5.79 1/4 Up 30</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 +MAY11+JUL11+JUL11<BR>CK Low -0.95 5.52 217.12 -1.00 4.79 188.67<BR>CK High -0.80 5.67 223.02 -0.95 4.84 190.64<BR>CK Avg -0.86 -0.78 5.61 220.72 -0.99 -0.92 4.80 189.00<BR>Essex Cty -0.95 5.52 217.12 -1.00 4.79 188.67<BR>Mdsx Low -0.95 5.52 217.12 -1.00 4.79 188.67<BR>Mdsx High -0.80 5.67 223.02 -1.00 4.79 188.67<BR>Mdsx Avg -0.88 -0.80 5.58 219.74 -1.00 -0.93 4.79 188.67<BR>Hensall -0.80 5.67 223.02 -1.00 4.79 188.67<BR>Bruce -0.80 5.67 223.02 -1.00 4.79 188.67<BR>Putnam -0.80 5.67 223.02 -1.00 4.79 188.67<BR>Princeton -0.95 5.52 217.12 -1.00 4.79 188.67<BR>Durham -0.95 5.52 217.12 -1.05 4.74 186.70<BR>Norfolk -0.85 5.62 221.05 -0.95 4.84 190.64<BR>Trenton -0.85 5.62 221.05 -1.05 4.74 186.70<BR>Winchester -0.70 5.77 226.96 -0.90 4.89 192.61<BR>North Gower -0.80 5.67 223.02 -0.85 4.94 194.58<BR>Huron FOB -0.75 5.72 224.99 -1.00 4.79 188.67<BR>Kent FOB -0.85 5.62 221.05 -0.95 4.84 190.64<BR>Lamb FOB -0.85 5.62 221.05 -0.95 4.84 190.64<BR>Mdsx FOB -0.75 -0.70 -0.75 -0.70 5.72 224.99 -1.00 4.79 188.67<BR>FOB SW Que -0.35 6.12 240.74 -0.60 5.19 204.42<BR>Track -0.53 5.94 233.85N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.80 4.99 196.55<BR>Jhnstwn-Eth N/A N/A N/A N/A -0.75 5.04 198.51<BR>Aylmer-Eth N/A -0.45 -0.45 -0.45 N/A<BR>Sarn-Eth -0.60 -0.50 -0.40 -0.40 5.87 230.89N/A<BR>Cllngwd-Eth -0.65N/A N/A N/A 5.82 228.93-0.70* 5.09 200.48<BR>Kwrth-Eth -0.40N/A N/A N/A 6.07 238.77N/A<BR>London-Cas N/A N/A -0.70 -0.70 -0.70 5.09 200.48<BR>Pt.Colb-Cas N/A N/A N/A N/A -0.65 5.14 202.45<BR>Cardnl-Cas N/A N/A N/A N/A -0.50 5.29 208.36<BR>W O Feed -0.48 -0.47 5.99 235.62</DIV>
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<DIV>US Rep -0.15 -0.14 6.32 248.61<BR>Toledo El. -0.20 6.27 246.74 -0.46 5.33 209.76</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Sarnia -0.95 5.52 217.12 -1.00 4.79 188.67<BR>Pt. Stanley -0.82 5.65 222.23 -0.89 4.90193<BR>Hamilton -0.39 6.08 239.16 -0.65 5.14202 4/9</DIV>
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<DIV>MID SD CRN -0.87 1/2 5.59<BR>HI SD CRN -0.80 5.66 1/2<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9885 down 0.0033<BR>Chicago soybeans closed sharply higher.</DIV>
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<DIV> MAY11 HI 13.46 3/4 NOV11 HI 13.11 3/4<BR> LOW 12.85 1/4 LOW 12.50 1/4<BR> CLOSE13.35 1/4 Up 48 1/4 CLOSE 13.02 1/4 Up 51 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 +MAY1+MAY1+JUL11<BR>CK Low -1.07 12.28 451.30-1.21 11.81 434.04<BR>CK High -0.95 12.40 455.71-1.16 11.86 435.87<BR>CK Average -1.00 -0.8412.35 453.73-1.19-1.0311.83 434.62<BR>Essex Cty -0.97 12.38 454.98-1.13 11.89 436.97<BR>Mdsx Low -1.01 12.34 453.51-1.20 11.82 434.40<BR>Mdsx High -0.96 12.39 455.35-1.12 11.90 437.34<BR>Mdsx Average -0.99 -0.8312.36 454.24-1.16-1.0011.86 435.87<BR>Hensall -0.98 12.38 454.80-1.20 11.82 434.40<BR>Bruce -1.00 12.35 453.88-1.20 11.82 434.40<BR>Putnam -0.95 12.40 455.71-1.20 11.82 434.40<BR>Princeton -1.02 12.33 453.14-1.17 11.85 435.50<BR>Durham -0.97 12.38 454.98-1.18 11.84 435.14<BR>Norfolk -0.90 12.45 457.55-1.14 11.88 436.61<BR>Trenton -1.05 12.30 452.04-1.15 11.87 436.24<BR>Winchester -1.02 12.33 453.14-1.06 11.96 439.55<BR>North Gower -1.00 12.35 453.88-1.05 11.97 439.91<BR>Huron FOB -0.85 12.50 459.39-1.10 11.92 438.08<BR>Kent FOB -0.95 12.40 455.71-1.19 11.83 434.77<BR>Lambton FOB -0.95 12.40 455.71-1.19 11.83 434.77<BR>Middlesex FOB-0.71-0.71-0.73 N/A 12.64 464.53-0.84 12.18 447.63</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.50-0.50-0.45-0.55 12.85 472.25-0.65 12.37 454.61<BR>Windsor -0.43-0.43-0.41-0.48 12.92 474.82-0.71 12.31 452.41<BR>Winchester -0.92 12.43 456.82-0.96 12.06 443.22</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.40 N/A N/A N/A 12.95 475.92-0.55 12.47 458.29<BR>Pt. Stanley -0.85 12.50 459.39-1.05 11.97 439.91<BR>Sarnia -0.67 12.68 466.00-0.63 12.39 455.35<BR>Owen Sound N/A N/A<BR>Sorel QC -0.20 13.15 483.27-0.25 12.77 469.31</DIV>
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<DIV>Toledo El. -0.25 13.11 481.55-0.47 12.55 461.07</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9885 down 0.0033<BR>Chicago wheat closed sharply higher.<BR>MAY11 HI 7.18 3/4 JUL11 HI 7.53<BR> LOW 6.63 LOW 6.96 1/2<BR> CLOSE 7.10 1/4 Up 48 1/4 CLOSE 7.45 1/4 Up 49 1/4</DIV>
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<DIV>Minni wheat closed sharply higher.<BR>MAY11 HI 8.60 SEP11 HI 8.73 1/4<BR> LOW 8.06 LOW 8.20 1/2<BR> CLOSE 8.54 3/4 Up 48 3/4 CLOSE 8.69 1/2 Up 50 1/4</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 -0.93 -0.33 -0.78 -0.53<BR>CAD $/bu 6.18 6.77 6.32 8.02<BR>CAD $/tonne 226.93 248.70 232.37 294.61</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 -0.50 -1.00 N/A N/A -1.10 -1.95 N/A<BR>London -0.83 -0.43 -1.80 N/A -1.26 -1.26 -1.95 N/A<BR>Hensall -0.60 N/A -0.95 N/A -0.95 N/A -1.90 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -1.65 N/A<BR>Winchester N/A N/A N/A N/A N/A N/A N/A -1.30<BR>Essex N/A N/A -1.12 N/A N/A N/A -1.89 N/A<BR>Norwich -0.60 N/A -0.95 N/A -0.95 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 -0.60 N/A -0.95 N/A -0.95 N/A -1.90 N/A<BR>Chatham N/A -0.50 -1.12 N/A N/A -1.36 -1.91 N/A<BR>Brigden N/A -0.50 -1.12 N/A N/A -1.36 -1.91 N/A<BR>Palmerston N/A -0.45 -1.03 -0.03 N/A -0.88 -1.92 -0.73<BR>Mitchell -0.60 -0.50 -0.95 N/A -0.95 -0.95 -1.90 N/A<BR>Thornton N/A N/A N/A -1.09 N/A N/A N/A -1.71<BR>North Gower N/A N/A N/A N/A N/A N/A N/A -0.70</DIV>
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<DIV>TERMINAL<BR>Sarnia -0.77 -0.27 -0.72 N/A -0.90 -0.75 -1.59 N/A<BR>Hamilton N/A N/A -0.35 N/A N/A N/A -1.00 N/A<BR>Pt. Stanley N/A N/A -0.80 N/A N/A N/A -1.45 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.37 -0.53 N/A 0.16 0.11 -0.68 N/A</DIV>
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<DIV>Toledo El. 6.74US 6.66CA 6.82US 6.74CA</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 -0.83 -0.59 -1.52 -0.80<BR>CAD $/bu 6.62 6.87 5.93 7.90<BR>CAD $/tonne 243.26 252.33 217.85 290.17</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 295.00 - 300.00<BR>Bayport Oats 300.00<BR>Bayport Barley 255.00<BR>FOB Hm Soymeal 393.09 - 396.40<BR>DDG's FOB Srn, Wndr, Aylm 190.00 - 195.00<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>