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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 17<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.982 up 0.0003<BR>Chicago corn closed slightly lower.</DIV>
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<DIV> SEP11 HI 7.20 1/2 DEC11 HI 7.33 1/2<BR> LOW 7.08 1/4 LOW 7.22<BR> CLOSE7.11 1/2 Down 2 1/2 CLOSE 7.25 1/2 Down 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 +DEC11+DEC11+DEC11<BR>CK Low 0.75 7.87 309.63 -0.35 6.91 271.84<BR>CK High 0.85 7.97 313.57 -0.30 6.96 273.81<BR>CK Avg 0.77 0.90 7.88 310.29 -0.33 -0.20 6.93 272.82<BR>Essex Cty 0.85 7.97 313.57 -0.30 6.96 273.81<BR>Mdsx Low 0.75 7.87 309.63 -0.35 6.91 271.84<BR>Mdsx High 0.85 7.97 313.57 -0.30 6.96 273.81<BR>Mdsx Avg 0.78 0.91 7.90 310.94 -0.32 -0.19 6.94 273.15<BR>Hensall 0.75 7.87 309.63 -0.35 6.91 271.84<BR>Bruce 0.75 7.87 309.63 -0.35 6.91 271.84<BR>Putnam 0.75 7.87 309.63 -0.35 6.91 271.84<BR>Princeton 0.85 7.97 313.57 -0.30 6.96 273.81<BR>Durham 0.75 7.87 309.63 -0.35 6.91 271.84<BR>Norfolk 0.75 7.87 309.63 -0.30 6.96 273.81<BR>Palmerston 0.70 7.82 307.66 -0.30 6.96 273.81<BR>Varna 0.75 7.87 309.63 -0.30 6.96 273.81<BR>Trenton 0.70 7.82 307.66 -0.35 6.91 271.84<BR>Winchester 0.80 7.92 311.60 -0.30 6.96 273.81<BR>North Gower N/A -0.40 6.86 269.87<BR>Huron FOB 0.50 7.62 299.79 -0.40 6.86 269.87<BR>Kent FOB 0.75 7.87 309.63 -0.30 6.96 273.81<BR>Lamb FOB 0.75 7.87 309.63 -0.30 6.96 273.81<BR>Mdsx FOB 0.75N/A N/A N/A 7.87 309.63 -0.30 6.96 273.81<BR>FOB SW Que N/A -0.60 6.66 262.00<BR>Track 1.18 8.29 326.36N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A N/A<BR>Jhnstwn-Eth N/A 0.85 1.05N/A -0.35 6.91 271.84<BR>Aylmer-Eth 0.55 0.50 0.55N/A 7.67 301.76 -0.40 6.86 269.87<BR>Sarn-Eth N/A N/A N/A N/A -0.20 7.06 277.74<BR>Cllngwd-Eth 0.65N/A N/A N/A 7.77 305.69-0.30* 6.96 273.81<BR>London-Cas N/A N/A 0.85N/A -0.70 6.56 258.06<BR>Pt.Colb-Cas 0.75 1.00 1.05N/A 7.87 309.63 -0.65 6.61 260.03<BR>Cardnl-Cas N/A N/A 1.00N/A -0.80 6.46 254.12<BR>W O Feed 1.11 1.13 8.23 323.80</DIV>
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<DIV>US Rep 1.10 1.12 8.22 323.41<BR>Toledo El. 0.46 7.58 298.27 -0.24 7.02 276.33</DIV>
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<DIV>TRANSFER<BR>Sarnia 0.85 7.97 313.57 -0.30 6.96273 4/5<BR>Pt. Stanley 0.45 7.57 297.82 -0.32 6.94273<BR>Hamilton 0.84 7.96313 1/6 -0.72 6.54257 1/4</DIV>
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<DIV>MID SD CRN -0.32 1/2 6.93<BR>HI SD CRN -0.30 6.95 1/2<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.982 up 0.0003<BR>Chicago soybeans closed moderately higher.</DIV>
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<DIV> NOV11 HI 13.71 NOV11 HI 13.71<BR> LOW 13.46 3/4 LOW 13.46 3/4<BR> CLOSE13.66 3/4 Up 17 1/4 CLOSE 13.66 3/4 Up 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 +NOV1+NOV1+NOV11<BR>CK Low -0.55 13.12 481.99-1.10 12.57 461.78<BR>CK High -0.45 13.22 485.66-1.00 12.67 465.45<BR>CK Average -0.49 -0.2513.17 484.07-1.06-0.8212.61 463.43<BR>Essex Cty -0.40 13.27 487.50-0.93 12.74 468.02<BR>Mdsx Low -0.50 13.17 483.82-1.07 12.60 462.88<BR>Mdsx High -0.45 13.22 485.66-1.00 12.67 465.45<BR>Mdsx Average -0.48 -0.2313.19 484.68-1.04-0.8112.63 463.98<BR>Hensall -0.50 13.17 483.82-1.08 12.59 462.70<BR>Bruce -0.50 13.17 483.82-1.05 12.62 463.61<BR>Putnam -0.50 13.17 483.82-1.05 12.62 463.61<BR>Princeton -0.45 13.22 485.66-0.95 12.72 467.29<BR>Durham -0.44 13.23 486.03-1.07 12.60 462.88<BR>Norfolk -0.46 13.21 485.29-1.02 12.65 464.72<BR>Palmerston -0.40 13.27 487.50-0.85 12.82 470.96<BR>Varna -0.45 13.22 485.66-0.85 12.82 470.96<BR>Trenton N/A -0.85 12.82 470.96<BR>Winchester -0.56 13.11 481.62-0.92 12.75 468.39<BR>North Gower N/A -0.85 12.82 470.96<BR>Huron FOB -0.35 13.32 489.33-0.95 12.72 467.29<BR>Kent FOB -0.49 13.18 484.19-1.07 12.60 462.88<BR>Lambton FOB -0.49 13.18 484.19-1.07 12.60 462.88<BR>Middlesex FOB-0.33 N/A N/A N/A 13.34 490.07-0.90 12.77 469.13</DIV>
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<DIV>PROCESSORS<BR>Hamilton 0.09 -0.11-0.43 N/A 13.76 505.50-0.67 13.00 477.58<BR>Windsor -0.15-0.25 N/A N/A 13.52 496.68-0.72 12.95 475.74<BR>Winchester -0.33 13.34 490.07-0.68 12.99 477.21</DIV>
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<DIV>TRANSFER<BR>Hamilton 0.15 N/A N/A N/A 13.82 507.71-0.60 13.07 480.15<BR>Pt. Stanley -0.30 13.37 491.17-1.05 12.62 463.61<BR>Sarnia -0.57 13.10 481.25-0.60 13.07 480.15<BR>Owen Sound N/A N/A<BR>Sorel QC -0.55 13.12 481.99-0.55 13.12 481.99</DIV>
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<DIV>Toledo El. -0.18 13.49 495.70-0.35 13.31 489.19</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.982 up 0.0003<BR>Chicago wheat closed slightly higher.<BR>SEP11 HI 7.39 1/4 JUL12 HI 8.08 3/4<BR> LOW 7.22 3/4 LOW 7.97<BR> CLOSE 7.27 1/2 Up 2 3/4 CLOSE 8.03 1/2 Up 5 3/4</DIV>
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<DIV>Minni wheat closed slightly higher to higher.<BR>SEP11 HI 9.23 1/4 SEP12 HI 8.87 1/4<BR> LOW 8.93 3/4 LOW 8.79<BR> CLOSE 9.16 3/4 Up 20 1/2 CLOSE 8.82 1/4 Up 7</DIV>
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<DIV>GFO Cash Wheat Prices - DEL Terminal<BR>Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.28 0.46 -0.48 -0.22<BR>CAD $/bu 7.00 7.73 6.80 8.95<BR>CAD $/tonne 257.04 284.10 249.83 328.93</DIV>
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<DIV><BR>Direct MarkHarvest 2011 Harvest 2012<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 0.05 -0.70 N/A N/A -0.65 -1.30 N/A<BR>London -0.45 0.19 -0.74 N/A N/A -0.51 -1.34 N/A<BR>Hensall -0.50 N/A -0.55 N/A -0.50 N/A -1.30 N/A<BR>Trenton N/A N/A -0.70 N/A N/A N/A -1.30 N/A<BR>Winchester N/A N/A N/A -0.80 N/A N/A N/A N/A<BR>Essex N/A N/A -0.68 N/A N/A N/A -1.32 N/A<BR>Norwich -0.40 N/A -0.65 N/A -0.50 N/A -1.30 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.50 N/A -0.65 N/A -0.50 N/A -1.30 N/A<BR>Chatham N/A 0.12 -0.65 N/A N/A -0.63 -1.35 N/A<BR>Brigden N/A 0.12 -0.65 N/A N/A -0.63 -1.35 N/A<BR>Palmerston N/A 0.29 -0.54 -0.28 N/A -0.36 -1.15 -0.40<BR>Varna -0.40 0.25 -0.55 N/A -0.50 -0.30 -1.30 N/A<BR>Mitchell -0.50 0.15 -0.55 N/A -0.50 -0.35 -1.15 N/A<BR>Thornton N/A N/A N/A -1.21 N/A N/A N/A N/A<BR>North Gower N/A N/A N/A -0.40 N/A N/A N/A N/A</DIV>
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<DIV>TERMINAL<BR>Sarnia -0.50 0.38 -0.45 N/A -0.44 -0.19 -0.98 N/A<BR>Hamilton N/A N/A -0.50 N/A N/A N/A -0.75 N/A<BR>Pt. Stanley N/A N/A -0.95 N/A N/A N/A -1.20 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.85 0.06N/A 0.35N/A -0.33N/A</DIV>
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<DIV>Toledo El. 7.40US 7.26CA 7.76US 7.62CA</DIV>
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<DIV>GFO Contract Wheat Prices - DEL Terminal<BR>Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.53 0.06 -0.92 -0.54<BR>CAD $/bu 7.51 8.09 7.11 8.28<BR>CAD $/tonne 275.77 297.44 261.32 304.21</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 275.00 - 285.00<BR>Bayport Oats 310.00<BR>Bayport Barley 270.00<BR>FOB Hm Soymeal 415.03<BR>DDG's FOB Srn, Wndr, Aylm 210.00 - 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>