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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 22<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9726 up 0.0002<BR>Chicago corn closed limit down.</DIV>
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<DIV> JUL11 HI 7.14 DEC11 HI 6.85<BR> LOW 6.77 1/2 LOW 6.50 1/4<BR> CLOSE6.77 1/2 Down 30 CLOSE 6.50 1/4 Down 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 +SEP11+SEP11+DEC11<BR>CK Low 0.30 7.08 278.53 -0.40 6.10 240.24<BR>CK High 0.30 7.08 278.53 -0.40 6.10 240.24<BR>CK Avg 0.30 0.48 7.08 278.53 -0.40 -0.23 6.10 240.24<BR>Essex Cty 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Mdsx Low 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Mdsx High 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Mdsx Avg 0.30 0.48 7.08 278.53 -0.40 -0.23 6.10 240.24<BR>Hensall 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Bruce 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Putnam 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Princeton 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Durham 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Norfolk 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Trenton 0.20 6.98 274.59 -0.40 6.10 240.24<BR>Winchester 0.45 7.23 284.44 -0.35 6.15 242.21<BR>North Gower 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Huron FOB 0.20 6.98 274.59 -0.40 6.10 240.24<BR>Kent FOB 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Lamb FOB 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Mdsx FOB 0.30 0.50 0.60 0.80 7.08 278.53 -0.45 6.05 238.28<BR>FOB SW Que 0.05 6.83 268.69 -0.75 5.75 226.47<BR>Track 0.63 7.40 291.33N/A<BR>PROCESSORS<BR>Chat-Eth 0.40 0.60 0.70 1.00 7.18 282.47 -0.45 6.05 238.28<BR>Jhnstwn-Eth N/A N/A N/A 1.25 -0.55 5.95 234.34<BR>Aylmer-Eth 0.40 0.70 0.75 1.05 7.18 282.47 -0.45 6.05 238.28<BR>Sarn-Eth N/A N/A 0.65 1.05 -0.40 6.10 240.24<BR>Cllngwd-Eth N/A N/A N/A N/A 7.13 280.50-0.55* 5.95 234.34<BR>Kwrth-Eth N/A 0.75N/A N/A N/A<BR>London-Cas 0.35 0.60 0.65 1.17 7.13 280.50 -0.75 5.75 226.47<BR>Pt.Colb-Cas 0.45 0.70 0.75 1.25 7.23 284.44 -0.70 5.80 228.43<BR>Cardnl-Cas 0.45 0.70 0.75 1.25 7.23 284.44 -0.80 5.70 224.50<BR>W O Feed 0.62 0.65 7.40 291.13</DIV>
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<DIV>US Rep 0.90 0.93 7.68 302.15<BR>Toledo El. -0.21 6.56 258.29 -0.39 6.11 240.66</DIV>
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<DIV>TRANSFER<BR>Sarnia 0.30 7.08 278.53 -0.40 6.10 240.24<BR>Pt. Stanley 0.15 6.93 272.63 -0.46 6.04237 8/9<BR>Hamilton 0.39 7.17 282.07 -0.46 6.04237 8/9</DIV>
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<DIV>MID SD CRN -0.40 6.10 1/4<BR>HI SD CRN -0.40 6.10 1/4<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9726 up 0.0002<BR>Chicago soybeans closed moderately lower.</DIV>
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<DIV> JUL11 HI 13.51 3/4 NOV11 HI 13.53 3/4<BR> LOW 13.20 1/2 LOW 13.23 3/4<BR> CLOSE13.30 1/4 Down 18 1/2 CLOSE 13.32 1/2 Down 17 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 +AUG1+AUG1+NOV11<BR>CK Low -0.69 12.61 463.43-1.22 12.11 444.78<BR>CK High -0.60 12.70 466.74-1.05 12.28 451.03<BR>CK Average -0.63 -0.2812.68 465.82-1.18-0.8212.15 446.44<BR>Essex Cty -0.58 12.72 467.47-1.16 12.17 446.99<BR>Mdsx Low -0.72 12.58 462.33-1.20 12.13 445.52<BR>Mdsx High -0.60 12.70 466.74-1.15 12.18 447.35<BR>Mdsx Average -0.66 -0.3112.64 464.41-1.18-0.8312.15 446.37<BR>Hensall -0.60 12.70 466.74-1.15 12.18 447.35<BR>Bruce -0.60 12.70 466.74-1.20 12.13 445.52<BR>Putnam -0.60 12.70 466.74-1.20 12.13 445.52<BR>Princeton -0.63 12.67 465.63-1.18 12.15 446.25<BR>Durham -0.68 12.62 463.80-1.12 12.21 448.46<BR>Norfolk -0.58 12.72 467.47-1.17 12.16 446.62<BR>Trenton -1.00 12.30 452.04-1.10 12.23 449.19<BR>Winchester -0.70 12.60 463.06-0.93 12.40 455.44<BR>North Gower N/A -1.00 12.33 452.87<BR>Huron FOB -0.45 12.85 472.25-0.95 12.38 454.70<BR>Kent FOB -0.63 12.67 465.63-1.22 12.11 444.78<BR>Lambton FOB -0.63 12.67 465.63-1.22 12.11 444.78<BR>Middlesex FOB-0.56 N/A -0.46 N/A 12.74 468.21-0.91 12.42 456.17</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.29-0.49-0.51-0.51 13.01 478.13-0.75 12.58 462.05<BR>Windsor -0.26-0.26 N/A N/A 13.04 479.23-0.87 12.46 457.64<BR>Winchester -0.60 12.70 466.74-0.83 12.50 459.11</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.35 N/A N/A N/A 12.95 475.92-0.55 12.78 469.40<BR>Pt. Stanley -0.80 12.50 459.39-1.05 12.28 451.03<BR>Sarnia -0.61 12.69 466.37-0.82 12.51 459.48<BR>Owen Sound N/A N/A<BR>Sorel QC -0.35 12.95 475.92-0.30 13.03 478.59</DIV>
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<DIV>Toledo El. 0.12 13.42 493.08-0.42 12.91 474.23</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9726 up 0.0002<BR>Chicago wheat closed lower.<BR>JUL11 HI 6.81 1/4 SEP11 HI 7.11<BR> LOW 6.17 1/4 LOW 6.50 1/4<BR> CLOSE 6.38 1/4 Down 36 CLOSE 6.73 1/4 Down 32 1/4</DIV>
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<DIV>Minni wheat closed lower to sharply lower.<BR>JUL11 HI 9.02 3/4 SEP11 HI 8.88 1/2<BR> LOW 8.43 LOW 8.32 1/2<BR> CLOSE 8.60 1/2 Down 42 1/4 CLOSE 8.51 1/2 Down 33 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 -0.56 -0.17 -0.61 -0.37<BR>CAD $/bu 5.83 6.21 5.78 8.23<BR>CAD $/tonne 214.04 228.35 212.25 302.50</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 -0.30 -1.15 N/A<BR>London -0.55 -0.36 -0.70 N/A -0.90 -0.80 -1.59 N/A<BR>Hensall -0.05 N/A -0.35 N/A -0.35 N/A -1.00 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A N/A N/A<BR>Winchester N/A N/A N/A N/A N/A N/A N/A -1.05<BR>Essex N/A N/A -0.88 N/A N/A N/A -1.71 N/A<BR>Norwich -0.05 N/A -0.35 N/A -0.35 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 -0.05 N/A -0.35 N/A -0.35 N/A -1.35 N/A<BR>Chatham N/A N/A N/A N/A N/A -0.66 -1.43 N/A<BR>Brigden N/A N/A N/A N/A N/A -0.66 -1.43 N/A<BR>Palmerston N/A N/A N/A N/A N/A -0.33 -1.15 -0.74<BR>Mitchell -0.05 0.15 -0.35 N/A -0.35 -0.10 -1.00 N/A<BR>Thornton N/A N/A N/A -1.30 N/A N/A N/A -1.66<BR>North Gower N/A N/A N/A N/A N/A N/A N/A -0.85</DIV>
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<DIV>TERMINAL<BR>Sarnia -0.18 0.12 -0.77 N/A -0.33 0.07 -0.77 N/A<BR>Hamilton N/A N/A 0.00 N/A N/A N/A -0.25 N/A<BR>Pt. Stanley N/A N/A -0.40 N/A N/A N/A -0.85 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A N/A N/A N/A 0.07 0.60 -0.37 N/A</DIV>
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<DIV>Toledo El. 6.30US 6.14CA 6.65US 6.48CA</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 -0.57 0.12 -0.86 -0.71<BR>CAD $/bu 6.17 6.85 5.87 7.80<BR>CAD $/tonne 226.56 251.61 215.83 286.76</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 305.00 - 315.00<BR>Bayport Oats 315.00<BR>Bayport Barley 290.00<BR>FOB Hm Soymeal 403.56 - 404.67<BR>DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00<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>