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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 18<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9723 down 0.0050<BR>Chicago corn closed higher to sharply higher.</DIV>
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<DIV> JUL11 HI 7.50 1/4 DEC11 HI 6.76 1/2<BR> LOW 7.21 1/2 LOW 6.52 3/4<BR> CLOSE7.49 3/4 Up 29 1/2 CLOSE 6.72 3/4 Up 19 1/2</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 +JUL11+SEP11+SEP11<BR>CK Low -0.40 7.10 279.42 -0.95 5.78 227.45<BR>CK High -0.35 7.15 281.38 -0.85 5.88 231.39<BR>CK Avg -0.38 -0.17 7.12 280.40 -0.87 -0.68 5.86 230.73<BR>Essex Cty -0.40 7.10 279.42 -0.95 5.78 227.45<BR>Mdsx Low -0.40 7.10 279.42 -0.95 5.78 227.45<BR>Mdsx High -0.35 7.15 281.38 -0.85 5.88 231.39<BR>Mdsx Avg -0.37 -0.16 7.13 280.73 -0.88 -0.70 5.84 230.07<BR>Hensall -0.35 7.15 281.38 -0.85 5.88 231.39<BR>Bruce -0.40 7.10 279.42 -0.85 5.88 231.39<BR>Putnam -0.40 7.10 279.42 -0.85 5.88 231.39<BR>Princeton -0.40 7.10 279.42 -0.95 5.78 227.45<BR>Durham -0.35 7.15 281.38 -0.90 5.83 229.42<BR>Norfolk -0.35 7.15 281.38 -0.85 5.88 231.39<BR>Trenton -0.40 7.10 279.42 -1.00 5.73 225.48<BR>Winchester -0.05 7.45 293.20 -0.80 5.93 233.36<BR>North Gower -0.35 7.15 281.38 -1.10 5.63 221.54<BR>Huron FOB -0.35 7.15 281.38 -0.75 5.98 235.32<BR>Kent FOB -0.35 7.15 281.38 -0.85 5.88 231.39<BR>Lamb FOB -0.35 7.15 281.38 -0.85 5.88 231.39<BR>Mdsx FOB -0.35 -0.35 0.00 0.20 7.15 281.38 -0.85 5.88 231.39<BR>FOB SW Que 0.10 7.60 299.10 -0.70 6.03 237.29<BR>Track 0.08 7.57 298.12N/A<BR>PROCESSORS<BR>Chat-Eth N/A -0.40 0.15 0.35 -0.75 5.98 235.32<BR>Jhnstwn-Eth N/A N/A N/A N/A N/A<BR>Aylmer-Eth -0.25 -0.25 0.20 0.30 7.25 285.32 -0.80 5.93 233.36<BR>Sarn-Eth N/A -0.35 0.20 0.40 N/A<BR>Cllngwd-Eth -0.25N/A N/A N/A 7.25 285.32-0.75* 5.98 235.32<BR>Kwrth-Eth N/A -0.05 0.15N/A N/A<BR>London-Cas N/A N/A 0.05 0.25 -0.70 6.03 237.29<BR>Pt.Colb-Cas N/A N/A 0.25 0.35 -0.65 6.08 239.26<BR>Cardnl-Cas N/A 0.00 0.30 0.95 -0.65 6.08 239.26<BR>W O Feed 0.04 0.07 7.54 296.74</DIV>
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<DIV>US Rep 0.40 0.43 7.90 310.91<BR>Toledo El. 0.09 7.59 298.61 -0.46 6.27 246.85</DIV>
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<DIV>TRANSFER<BR>Sarnia -0.40 7.10 279.42 -0.95 5.78 227.45<BR>Pt. Stanley -0.53 6.97 274.30 -0.97 5.76226 2/3<BR>Hamilton 0.00 7.50 295.16 -0.60 6.13241 2/9</DIV>
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<DIV>MID SD CRN -0.90 1 5.82 3/4<BR>HI SD CRN -0.85 5.87 3/4<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9723 down 0.0050<BR>Chicago soybeans closed higher.</DIV>
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<DIV> JUL11 HI 13.87 1/2 NOV11 HI 13.60 1/4<BR> LOW 13.40 3/4 LOW 13.20<BR> CLOSE13.79 1/2 Up 38 1/2 CLOSE 13.53 1/4 Up 32 3/4</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +JUL1+JUL1+AUG11<BR>CK Low -0.80 13.00 477.48-1.26 12.27 450.94<BR>CK High -0.69 13.11 481.53-1.20 12.33 453.14<BR>CK Average -0.75 -0.3813.04 479.26-1.24-0.8712.30 451.79<BR>Essex Cty -0.70 13.10 481.16-1.13 12.40 455.71<BR>Mdsx Low -0.80 13.00 477.48-1.25 12.28 451.30<BR>Mdsx High -0.75 13.05 479.32-1.21 12.32 452.77<BR>Mdsx Average -0.78 -0.4113.01 478.10-1.24-0.8712.30 451.79<BR>Hensall -0.75 13.05 479.32-1.25 12.28 451.30<BR>Bruce -0.75 13.05 479.32-1.25 12.28 451.30<BR>Putnam -0.75 13.05 479.32-1.25 12.28 451.30<BR>Princeton -0.74 13.06 479.69-1.15 12.38 454.98<BR>Durham -0.76 13.04 478.95-1.22 12.31 452.41<BR>Norfolk -0.72 13.08 480.42-1.21 12.32 452.77<BR>Trenton -1.00 12.80 470.14-1.15 12.38 454.98<BR>Winchester -0.80 13.00 477.48-1.08 12.45 457.55<BR>North Gower -0.75 13.05 479.32-0.80 12.73 467.84<BR>Huron FOB -0.70 13.10 481.16-1.20 12.33 453.14<BR>Kent FOB -0.77 13.03 478.59-1.26 12.27 450.94<BR>Lambton FOB -0.77 13.03 478.59-1.26 12.27 450.94<BR>Middlesex FOB-0.65-0.65 N/A N/A 13.15 483.00-1.08 12.45 457.55</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.35-0.35-0.51-0.56 13.45 494.02-0.76 12.77 469.31<BR>Windsor -0.31-0.31-0.34 N/A 13.49 495.49-0.89 12.64 464.53<BR>Winchester -0.75 13.05 479.32-0.90 12.63 464.16</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.45 N/A N/A N/A 13.35 490.34-0.70 12.83 471.51<BR>Pt. Stanley -0.90 12.90 473.81-1.15 12.38 454.98<BR>Sarnia -0.64 13.16 483.36-0.77 12.76 468.94<BR>Owen Sound N/A N/A<BR>Sorel QC -0.60 13.20 484.83-0.35 13.18 484.37</DIV>
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<DIV>Toledo El. -0.06 13.74 504.73-0.47 13.07 480.08</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9723 down 0.0050<BR>Chicago wheat closed sharply higher.<BR>JUL11 HI 8.22 1/4 JUL11 HI 8.22 1/4<BR> LOW 7.67 LOW 7.67<BR> CLOSE 8.17 Up 53 CLOSE 8.17 Up 53</DIV>
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<DIV>Minni wheat closed sharply higher to limit up.<BR>JUL11 HI 9.96 1/4 SEP11 HI 9.88 1/2<BR> LOW 9.36 1/4 LOW 9.37 3/4<BR> CLOSE 9.96 1/4 Up 60 CLOSE 9.83 3/4 Up 47</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 -0.95 -0.32 -0.81 -0.42<BR>CAD $/bu 7.22 7.85 7.36 9.55<BR>CAD $/tonne 265.24 288.47 270.60 350.76</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 N/A N/A N/A N/A -0.40 -1.25 N/A<BR>London -0.63 -0.38 -0.97 N/A -0.77 -0.48 -1.31 N/A<BR>Hensall -0.60 N/A -0.95 N/A -0.70 N/A -1.35 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -1.15 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 -0.85 N/A N/A N/A -1.38 N/A<BR>Norwich -0.60 N/A -0.95 N/A -0.70 N/A -1.35 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 -0.70 N/A -1.35 N/A<BR>Chatham N/A -0.47 -1.03 N/A N/A -0.47 -1.36 N/A<BR>Brigden N/A -0.47 -1.03 N/A N/A -0.47 -1.36 N/A<BR>Palmerston N/A -0.16 -0.86 0.17 N/A -0.31 -1.28 -0.74<BR>Mitchell -0.60 -0.40 -0.95 N/A -0.70 -0.50 -1.35 N/A<BR>Thornton N/A N/A N/A -1.06 N/A N/A N/A -1.64<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 -0.51 -0.08 -0.61 N/A -0.65 -0.11 -0.99 N/A<BR>Hamilton N/A N/A -0.35 N/A N/A N/A -0.80 N/A<BR>Pt. Stanley N/A N/A -0.75 N/A N/A N/A -1.25 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A N/A N/A N/A 0.02 0.46 -0.32 N/A</DIV>
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<DIV>Toledo El. 7.84US 7.63CA 7.94US 7.72CA</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 -0.90 -0.32 -1.19 -0.85<BR>CAD $/bu 7.27 7.85 6.98 8.99<BR>CAD $/tonne 267.03 288.47 256.30 330.21</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 290.00 - 298.00<BR>Bayport Oats 300.00<BR>Bayport Barley 257.00<BR>FOB Hm Soymeal 399.04 - 400.15<BR>DDG's FOB Srn, Wndr, Aylm 215.00 - 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>