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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, August 18<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9901 up 0.0081<BR>Chicago corn closed lower.</DIV>
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<DIV> SEP11 HI 7.11 DEC11 HI 7.25<BR> LOW 6.95 LOW 7.08 1/2<BR> CLOSE6.99 Down 12 1/2 CLOSE 7.13 Down 12 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 +DEC11+DEC11+DEC11<BR>CK Low 0.70 7.69 302.74 -0.35 6.78 266.92<BR>CK High 0.75 7.74 304.71 -0.35 6.78 266.92<BR>CK Avg 0.73 0.79 7.72 304.05 -0.35 -0.33 6.78 266.92<BR>Essex Cty 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Mdsx Low 0.70 7.69 302.74 -0.35 6.78 266.92<BR>Mdsx High 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Mdsx Avg 0.73 0.79 7.72 304.05 -0.35 -0.33 6.78 266.92<BR>Hensall 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Bruce 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Putnam 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Princeton 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Durham 0.70 7.69 302.74 -0.40 6.73 264.95<BR>Norfolk 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Palmerston 0.70 7.69 302.74 -0.30 6.83 268.89<BR>Varna 0.75 7.74 304.71 -0.30 6.83 268.89<BR>Trenton 0.70 7.69 302.74 -0.35 6.78 266.92<BR>Winchester 0.80 7.79 306.68 -0.30 6.83 268.89<BR>North Gower N/A -0.40 6.73 264.95<BR>Huron FOB 0.50 7.49 294.87 -0.40 6.73 264.95<BR>Kent FOB 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Lamb FOB 0.75 7.74 304.71 -0.35 6.78 266.92<BR>Mdsx FOB 0.70N/A N/A N/A 7.69 302.74 -0.35 6.78 266.92<BR>FOB SW Que N/A -0.55 6.58 259.04<BR>Track 1.18 8.17 321.44N/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 6.78 266.92<BR>Aylmer-Eth 0.55 0.50 0.55N/A 7.54 296.84 -0.40 6.73 264.95<BR>Sarn-Eth N/A N/A N/A N/A -0.20 6.93 272.82<BR>Cllngwd-Eth 0.65N/A N/A N/A 7.64 300.77-0.30* 6.83 268.89<BR>London-Cas N/A N/A 0.85N/A -0.70 6.43 253.14<BR>Pt.Colb-Cas 0.75 1.00 1.05N/A 7.74 304.71 -0.65 6.48 255.11<BR>Cardnl-Cas N/A N/A 1.00N/A -0.80 6.33 249.20<BR>W O Feed 1.11 1.12 8.10 318.88</DIV>
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<DIV>US Rep 1.10 1.11 8.09 318.49<BR>Toledo El. 0.47 7.46 293.53 -0.24 6.89 271.28</DIV>
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<DIV>TRANSFER<BR>Sarnia 0.75 7.74 304.71 -0.35 6.78267<BR>Pt. Stanley 0.53 7.52 296.05 -0.35 6.78267<BR>Hamilton 0.48 7.47294 -0.65 6.48255 1/9</DIV>
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<DIV>MID SD CRN -0.35 6.78<BR>HI SD CRN -0.35 6.78<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9901 up 0.0081<BR>Chicago soybeans closed slightly lower.</DIV>
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<DIV> NOV11 HI 13.69 NOV11 HI 13.69<BR> LOW 13.45 LOW 13.45<BR> CLOSE13.61 Down 5 3/4 CLOSE 13.61 Down 5 3/4</DIV>
<DIV> </DIV>
<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 -0.35 13.26 487.22-0.95 12.66 465.18<BR>CK High -0.30 13.31 489.06-0.90 12.71 467.01<BR>CK Average -0.32 -0.2013.30 488.51-0.91-0.8712.70 466.52<BR>Essex Cty -0.30 13.31 489.06-0.84 12.77 469.22<BR>Mdsx Low -0.34 13.27 487.59-0.93 12.68 465.91<BR>Mdsx High -0.30 13.31 489.06-0.85 12.76 468.85<BR>Mdsx Average -0.32 -0.2113.29 488.20-0.90-0.8612.71 466.89<BR>Hensall -0.35 13.26 487.22-0.93 12.69 466.09<BR>Bruce -0.30 13.31 489.06-0.85 12.76 468.85<BR>Putnam -0.30 13.31 489.06-0.85 12.76 468.85<BR>Princeton -0.33 13.28 487.96-0.86 12.75 468.48<BR>Durham -0.30 13.31 489.06-0.93 12.68 465.91<BR>Norfolk -0.28 13.33 489.79-0.85 12.76 468.85<BR>Palmerston -0.40 13.21 485.38-0.85 12.76 468.85<BR>Varna -0.45 13.16 483.55-0.85 12.76 468.85<BR>Trenton N/A -0.85 12.76 468.85<BR>Winchester -0.50 13.11 481.71-0.80 12.81 470.69<BR>North Gower N/A -0.85 12.76 468.85<BR>Huron FOB -0.25 13.36 490.90-0.85 12.76 468.85<BR>Kent FOB -0.31 13.30 488.69-0.90 12.71 467.01<BR>Lambton FOB -0.31 13.30 488.69-0.90 12.71 467.01<BR>Middlesex FOB-0.19 N/A N/A N/A 13.42 493.10-0.78 12.83 471.42</DIV>
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<DIV>PROCESSORS<BR>Hamilton 0.23 0.03 -0.30 N/A 13.84 508.53-0.55 13.06 479.87<BR>Windsor -0.01-0.11 N/A N/A 13.60 499.71-0.59 13.02 478.40<BR>Winchester -0.46 13.15 483.18-0.82 12.79 469.95</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Hamilton 0.25 N/A N/A N/A 13.86 509.27-0.45 13.16 483.55<BR>Pt. Stanley -0.20 13.41 492.73-0.90 12.71 467.01<BR>Sarnia -0.46 13.15 483.18-0.58 13.03 478.77<BR>Owen Sound N/A N/A<BR>Sorel QC -0.45 13.16 483.55-0.45 13.16 483.55</DIV>
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<DIV>Toledo El. -0.18 13.43 493.52-0.36 13.25 486.90</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9901 up 0.0081<BR>Chicago wheat closed moderately lower.<BR>SEP11 HI 7.28 1/2 JUL12 HI 8.05 1/4<BR> LOW 6.99 1/2 LOW 7.76<BR> CLOSE 7.07 3/4 Down 19 3/4 CLOSE 7.85 1/2 Down 18</DIV>
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<DIV>Minni wheat closed slightly to moderately lower.<BR>SEP11 HI 9.16 1/2 SEP12 HI 8.72 3/4<BR> LOW 8.94 1/4 LOW 8.60 1/2<BR> CLOSE 9.10 3/4 Down 6 CLOSE 8.63 Down 19 1/4</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 -0.31 0.49 -0.41 -0.13<BR>CAD $/bu 6.77 7.56 6.67 8.98<BR>CAD $/tonne 248.75 277.90 245.11 330.00</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 -0.42 0.27 -0.62 N/A N/A -0.43 -1.27 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 -0.61 N/A N/A N/A -1.25 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 0.22 -0.55 N/A N/A -0.53 -1.25 N/A<BR>Brigden N/A 0.22 -0.55 N/A N/A -0.53 -1.25 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 -1.26 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 -0.44 0.40 -0.44 N/A -0.36 -0.21 -0.96 N/A<BR>Hamilton N/A N/A -0.40 N/A N/A N/A -0.70 N/A<BR>Pt. Stanley N/A N/A -0.85 N/A N/A N/A -1.15 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.93 0.14N/A 0.47N/A -0.23N/A</DIV>
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<DIV>Toledo El. 7.20US 7.14CA 7.58US 7.55CA</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 -0.43 0.17 -0.82 -0.43<BR>CAD $/bu 7.43 8.03 7.03 8.20<BR>CAD $/tonne 273.00 294.97 258.35 301.38</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 423.29 - 424.40<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>