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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 12<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0164 down 0.0123<BR>Chicago corn closed slightly lower.</DIV>
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<DIV> DEC11 HI 6.55 DEC11 HI 6.55<BR> LOW 6.28 3/4 LOW 6.28 3/4<BR> CLOSE6.40 3/4 Down 4 1/4 CLOSE 6.40 3/4 Down 4 1/4</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+MAR12+MAR12<BR>CK Low 0.40 6.81 268.00 -0.35 6.06 238.47<BR>CK High 0.40 6.81 268.00 -0.35 6.06 238.47<BR>CK Avg 0.40 0.29 6.81 268.00 -0.35 -0.48 6.06 238.47<BR>Essex Cty N/A N/A<BR>Mdsx Low 0.40 6.81 268.00 -0.35 6.06 238.47<BR>Mdsx High 0.40 6.81 268.00 -0.35 6.06 238.47<BR>Mdsx Avg 0.40 0.29 6.81 268.00 -0.35 -0.48 6.06 238.47<BR>Hensall 0.40 6.81 268.00 -0.35 6.06 238.47<BR>Bruce 0.40 6.81 268.00 -0.35 6.06 238.47<BR>Putnam N/A -0.35 6.06 238.47<BR>Princeton N/A N/A<BR>Durham N/A -0.40 6.01 236.50<BR>Norfolk N/A -0.35 6.06 238.47<BR>Palmerston N/A -0.35 6.06 238.47<BR>Varna 0.45 6.86 269.97 -0.35 6.06 238.47<BR>Trenton 0.35 6.76 266.03 -0.40 6.01 236.50<BR>Winchester N/A -0.35 6.06 238.47<BR>North Gower N/A N/A<BR>Huron FOB N/A -0.40 6.01 236.50<BR>Kent FOB N/A -0.35 6.06 238.47<BR>Lamb FOB N/A -0.35 6.06 238.47<BR>Mdsx FOB 0.50 -0.35 -0.35 -0.30 6.91 271.94 -0.35 6.06 238.47<BR>FOB SW Que N/A -0.40 6.01 236.50<BR>Track 0.78 7.18 282.76N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A N/A<BR>Jhnstwn-Eth N/A N/A -0.45 -0.30 N/A<BR>Aylmer-Eth N/A -0.25 -0.25 -0.25 -0.25 6.16 242.41<BR>Sarn-Eth N/A -0.30 -0.20 -0.10 -0.10 6.31 248.32<BR>Cllngwd-Eth N/A N/A N/A N/A -0.20* 6.21 244.38<BR>London-Cas N/A N/A -0.30 -0.30 N/A<BR>Pt.Colb-Cas -0.20N/A -0.55 -0.25 6.21 244.38 -0.20 6.21 244.38<BR>Cardnl-Cas -0.20N/A -0.70 -0.25 6.21 244.38 -0.20 6.21 244.38<BR>W O Feed 0.94 0.92 7.35 289.26</DIV>
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<DIV>US Rep 0.95 0.93 7.36 289.65<BR>Toledo El. 0.07 6.48 255.05 -0.13 6.27 247.03</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton N/A N/A</DIV>
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<DIV>MID SD CRN -0.35 6.05 3/4<BR>HI SD CRN -0.35 6.05 3/4<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0164 down 0.0123<BR>Chicago soybeans closed narrowly mixed.</DIV>
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<DIV> NOV11 HI 12.46 3/4 NOV12 HI 12.38 1/4<BR> LOW 12.11 1/2 LOW 12.14 1/4<BR> CLOSE12.39 1/2 Up 4 CLOSE 12.34 1/2 Down 1/2</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +JAN1+JAN1+MAR12<BR>CK Low -0.90 11.50 422.37-0.90 11.45 420.53<BR>CK High -0.82 11.58 425.31-0.85 11.50 422.37<BR>CK Average -0.86 -1.0711.53 423.77-0.88-1.1311.46 421.19<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.81 11.59 425.68-0.89 11.46 420.90<BR>Mdsx High -0.80 11.60 426.04-0.80 11.55 424.21<BR>Mdsx Average -0.81 -1.0211.59 425.86-0.85-1.0911.50 422.55<BR>Hensall -0.80 11.60 426.04-0.80 11.55 424.21<BR>Bruce -0.75 11.65 427.88-0.75 11.60 426.04<BR>Putnam -0.80 11.60 426.04-0.80 11.55 424.21<BR>Princeton N/A N/A<BR>Durham -0.82 11.58 425.31-0.99 11.36 417.22<BR>Norfolk -0.79 11.61 426.41-0.83 11.52 423.10<BR>Palmerston -0.80 11.60 426.04-0.80 11.55 424.21<BR>Varna -0.80 11.60 426.04-0.80 11.55 424.21<BR>Trenton -1.00 11.40 418.69-1.15 11.20 411.35<BR>Winchester -0.96 11.44 420.16-1.07 11.28 414.29<BR>North Gower N/A N/A<BR>Huron FOB -0.65 11.75 431.55-0.65 11.70 429.72<BR>Kent FOB -0.84 11.56 424.57-0.89 11.46 420.90<BR>Lambton FOB -0.84 11.56 424.57-0.89 11.46 420.90<BR>Middlesex FOB-0.70-0.70-0.62-0.51 11.70 429.72-0.72 11.63 427.15</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.45-0.45-0.40-0.23 11.95 438.90-0.47 11.88 436.33<BR>Windsor -0.52-0.35-0.27-0.21 11.88 436.33-0.58 11.77 432.29<BR>Winchester -0.76 11.64 427.51 N/A</DIV>
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<DIV>TRANSFER<BR>Hamilton N/A N/A N/A N/A N/A<BR>Pt. Stanley N/A N/A<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.30 12.10 444.42-0.05 12.30 451.76</DIV>
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<DIV>Toledo El. -0.57 11.83 434.51-0.59 11.75 431.87</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0164 down 0.0123<BR>Chicago wheat closed lower.<BR>DEC11 HI 6.62 3/4 JUL12 HI 7.28 1/4<BR> LOW 6.20 LOW 6.95<BR> CLOSE 6.26 3/4 Down 34 CLOSE 7.06 1/4 Down 22</DIV>
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<DIV>Minni wheat closed moderately lower to lower.<BR>DEC11 HI 9.34 SEP12 HI 8.01 3/4<BR> LOW 8.85 1/2 LOW 7.89<BR> CLOSE 9.03 3/4 Down 32 3/4 CLOSE 7.93 Down 19 3/4</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 -0.45 0.41 -0.45 -0.53<BR>CAD $/bu 5.82 6.68 5.82 8.51<BR>CAD $/tonne 213.67 245.44 213.67 312.71</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 0.25 -0.55 N/A N/A -0.20 -0.75 N/A<BR>London -0.58 0.24 -0.58 N/A N/A -0.21 -0.98 N/A<BR>Hensall -0.45 N/A -0.45 N/A -0.35 N/A -0.75 N/A<BR>Trenton N/A N/A -0.50 N/A N/A N/A -0.70 N/A<BR>Winchester N/A N/A N/A -1.00 N/A N/A N/A -0.30<BR>Essex N/A N/A -0.77 N/A N/A N/A -0.99 N/A<BR>Norwich -0.45 N/A -0.55 N/A -0.35 N/A -0.75 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.45 N/A -0.55 N/A -0.35 N/A -0.85 N/A<BR>Chatham N/A 0.18 -0.59 N/A N/A -0.26 -0.98 N/A<BR>Brigden N/A 0.18 -0.59 N/A N/A -0.26 -0.98 N/A<BR>Palmerston N/A 0.29 -0.58 0.32 N/A 0.04 -0.88 0.20<BR>Varna -0.45 0.35 -0.50 N/A -0.45 0.25 -0.80 N/A<BR>Mitchell -0.45 0.40 -0.40 N/A -0.35 0.20 -0.70 N/A<BR>Thornton N/A N/A N/A -0.83 N/A N/A N/A N/A<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 N/A N/A N/A N/A N/A N/A N/A N/A<BR>Hamilton N/A N/A N/A N/A N/A N/A N/A N/A<BR>Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.82 0.11N/A 0.24 1.06 0.24N/A</DIV>
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<DIV>Toledo El. 6.04US 6.14CA 6.93US 7.07CA</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 -0.27 0.34 -0.68 0.06<BR>CAD $/bu 6.80 7.41 6.39 7.99<BR>CAD $/tonne 249.67 272.16 234.68 293.43</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 - 305.00<BR>Bayport Oats 305.00<BR>Bayport Barley 280.00<BR>FOB Hm Soymeal 372.26 - 375.56<BR>DDG's FOB Srn, Wndr, Aylm 218.00 - 270.00<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>