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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, April 15<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9615 down 0.0011<BR>Chicago corn closed mixed.</DIV>
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<DIV> MAY11 HI 7.58 1/4 DEC11 HI 6.60<BR> LOW 7.39 1/2 LOW 6.48<BR> CLOSE7.42 Down 12 1/4 CLOSE 6.56 Up 1/2</DIV>
<DIV> </DIV>
<DIV> OLD CROP BASIS NEW CROP BASIS<BR>Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt<BR>ELEVATORS +JUL11+JUL11+SEP11<BR>CK Low -0.80 6.62 260.62 -1.10 5.46 214.95<BR>CK High -0.75 6.67 262.59 -1.10 5.46 214.95<BR>CK Avg -0.78 -0.49 6.64 261.54 -1.10 -0.85 5.46 214.95<BR>Essex Cty -0.80 6.62 260.62 -1.10 5.46 214.95<BR>Mdsx Low -0.80 6.62 260.62 -1.10 5.46 214.95<BR>Mdsx High -0.75 6.67 262.59 -1.10 5.46 214.95<BR>Mdsx Avg -0.77 -0.49 6.65 261.67 -1.10 -0.85 5.46 214.95<BR>Hensall -0.79 6.64 261.21 -1.10 5.46 214.95<BR>Bruce -0.77 6.65 261.80 -1.10 5.46 214.95<BR>Putnam -0.77 6.65 261.80 -1.10 5.46 214.95<BR>Princeton -0.80 6.62 260.62 -1.10 5.46 214.95<BR>Durham -0.80 6.62 260.62 -1.05 5.51 216.92<BR>Norfolk -0.77 6.65 261.80 -1.10 5.46 214.95<BR>Trenton -0.75 6.67 262.59 -1.10 5.46 214.95<BR>Winchester -0.55 6.87 270.46 -1.00 5.56 218.89<BR>North Gower N/A N/A<BR>Huron FOB -0.75 6.67 262.59 -1.05 5.51 216.92<BR>Kent FOB -0.77 6.65 261.80 -1.10 5.46 214.95<BR>Lamb FOB -0.77 6.65 261.80 -1.10 5.46 214.95<BR>Mdsx FOB -0.75 -0.75 -0.65N/A 6.67 262.59 -1.10 5.46 214.95<BR>FOB SW Que -0.45 6.97 274.40 -0.85 5.71 224.79<BR>Track -0.40 7.02 276.37N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.80 5.76 226.76<BR>Jhnstwn-Eth N/A N/A N/A N/A N/A<BR>Aylmer-Eth -0.65 -0.55 -0.55N/A 6.77 266.52N/A<BR>Sarn-Eth N/A N/A -0.50 -0.45 N/A<BR>Cllngwd-Eth -0.65N/A N/A N/A 6.77 266.52-0.75* 5.81 228.73<BR>Kwrth-Eth N/A -0.45N/A N/A N/A<BR>London-Cas N/A N/A -0.50 0.15 -0.80 5.76 226.76<BR>Pt.Colb-Cas N/A N/A N/A 0.20 -0.75 5.81 228.73<BR>Cardnl-Cas N/A N/A N/A 0.25 -0.75 5.81 228.73<BR>W O Feed -0.33 -0.29 7.09 279.28</DIV>
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<DIV>US Rep 0.10 0.14 7.52 296.05<BR>Toledo El. -0.13 7.29 287.19 -0.27 6.29 247.65</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Sarnia -0.80 6.62 260.62 -1.10 5.46 214.95<BR>Pt. Stanley -0.78 6.64 261.41 -1.10 5.46215<BR>Hamilton -0.50 6.92 272.43 -0.81 5.75226 3/8</DIV>
<DIV> </DIV>
<DIV>MID SD CRN -0.77 1/2 6.64 1/2<BR>HI SD CRN -0.75 6.67<BR>*Wet Bid</DIV>
<DIV> </DIV>
<DIV><BR>Bank of Canada Noon exchange rate was 0.9615 down 0.0011<BR>Chicago soybeans closed mixed.</DIV>
<DIV> </DIV>
<DIV> MAY11 HI 13.38 1/2 NOV11 HI 13.51 1/4<BR> LOW 13.22 1/4 LOW 13.32<BR> CLOSE13.31 3/4 Up 3/4 CLOSE 13.39 3/4 Down 5 1/2</DIV>
<DIV> </DIV>
<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +JUL1+JUL1+AUG11<BR>CK Low -1.14 12.18 447.45-1.41 11.99 440.47<BR>CK High -1.05 12.27 450.75-1.35 12.05 442.67<BR>CK Average -1.08 -0.5812.23 449.50-1.38-0.8712.02 441.49<BR>Essex Cty -1.05 12.27 450.75-1.28 12.12 445.24<BR>Mdsx Low -1.18 12.14 446.05-1.57 11.83 434.59<BR>Mdsx High -1.05 12.27 450.75-1.40 12.00 440.83<BR>Mdsx Average -1.11 -0.6012.21 448.70-1.46-0.9511.94 438.63<BR>Hensall -1.05 12.27 450.75-1.43 11.97 439.91<BR>Bruce -1.05 12.27 450.75-1.40 12.00 440.83<BR>Putnam -1.05 12.27 450.75-1.40 12.00 440.83<BR>Princeton -1.08 12.24 449.65-1.31 12.09 444.14<BR>Durham -1.09 12.23 449.28-1.40 12.00 440.83<BR>Norfolk -1.00 12.32 452.59-1.32 12.08 443.77<BR>Trenton -1.20 12.12 445.24-1.35 12.05 442.67<BR>Winchester -1.40 11.92 437.89-1.25 12.15 446.34<BR>North Gower N/A N/A<BR>Huron FOB -0.90 12.42 456.27-1.25 12.15 446.34<BR>Kent FOB -1.08 12.24 449.65-1.37 12.03 441.93<BR>Lambton FOB -1.08 12.24 449.65-1.37 12.03 441.93<BR>Middlesex FOB-0.76-0.76 N/A N/A 12.56 461.41-1.23 12.17 447.08</DIV>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Hamilton -0.50-0.50-0.65-0.65 12.82 470.96-0.90 12.50 459.20<BR>Windsor -0.68-0.70-0.79-0.77 12.64 464.35-0.99 12.41 455.90<BR>Winchester -1.40 11.92 437.89-1.25 12.15 446.34</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.55 N/A N/A N/A 12.77 469.13-0.95 12.45 457.37<BR>Pt. Stanley -1.10 12.22 448.92-1.40 12.00 440.83<BR>Sarnia -0.94 12.38 454.80-0.91 12.49 458.84<BR>Owen Sound N/A N/A<BR>Sorel QC -0.35 12.97 476.47-0.60 12.80 470.23</DIV>
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<DIV>Toledo El. -0.17 13.14 482.97-0.41 12.98 477.08</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9615 down 0.0011<BR>Chicago wheat closed slightly higher.<BR>MAY11 HI 7.48 3/4 JUL11 HI 7.84 1/2<BR> LOW 7.30 LOW 7.65 1/4<BR> CLOSE 7.44 1/4 Up 3 3/4 CLOSE 7.80 Up 3 3/4</DIV>
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<DIV>Minni wheat closed slightly lower.<BR>MAY11 HI 8.94 1/4 SEP11 HI 9.05 1/4<BR> LOW 8.80 LOW 8.93<BR> CLOSE 8.89 Down 3/4 CLOSE 8.99 3/4 Down 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 -0.72 -0.19 -0.67 -0.44<BR>CAD $/bu 6.73 7.25 6.77 8.45<BR>CAD $/tonne 247.12 266.56 248.89 310.64</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 -0.40 -0.95 N/A N/A -0.80 -1.50 N/A<BR>London -0.76 -0.38 -0.96 N/A -1.08 -0.79 -1.47 N/A<BR>Hensall -0.55 N/A -0.90 N/A -0.80 N/A -1.50 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -1.45 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 -0.91 N/A N/A N/A -1.54 N/A<BR>Norwich -0.55 N/A -0.90 N/A -0.80 N/A -1.50 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.55 N/A -0.90 N/A -0.80 N/A -1.50 N/A<BR>Chatham N/A -0.37 -0.93 N/A N/A -0.77 -1.47 N/A<BR>Brigden N/A -0.37 -0.93 N/A N/A -0.77 -1.47 N/A<BR>Palmerston N/A -0.35 -0.90 0.09 N/A -0.74 -1.40 -0.82<BR>Mitchell -0.55 -0.40 -0.90 N/A -0.80 -0.70 -1.50 N/A<BR>Thornton N/A N/A N/A -1.80 N/A N/A N/A -1.31<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 -0.85 -0.03 -0.56 N/A -0.93 -0.40 -1.17 N/A<BR>Hamilton N/A N/A -0.40 N/A N/A N/A -1.00 N/A<BR>Pt. Stanley N/A N/A -0.85 N/A N/A N/A -1.45 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A N/A -0.38 N/A -0.06 0.28 -0.63 N/A</DIV>
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<DIV>Toledo El. 7.21US 6.94CA 7.07US 6.80CA</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 -0.97 -0.49 -1.36 -0.92<BR>CAD $/bu 6.83 7.31 6.44 8.08<BR>CAD $/tonne 250.92 268.59 236.78 296.77</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 257.00<BR>FOB Hm Soymeal 367.30 - 369.50<BR>DDG's FOB Srn, Wndr, Aylm 210.00 - 230.00<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>