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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, October 17<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0152 up 0.0003<BR>Chicago corn closed narrowly mixed.</DIV>
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<DIV> DEC11 HI 6.47 DEC11 HI 6.47<BR> LOW 6.35 1/4 LOW 6.35 1/4<BR> CLOSE6.40 1/2 Up 1/2 CLOSE 6.40 1/2 Up 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+MAR12+MAR12<BR>CK Low N/A -0.35 6.06 238.37<BR>CK High N/A -0.35 6.06 238.37<BR>CK Avg N/A -0.35 -0.50 6.06 238.37<BR>Essex Cty N/A N/A<BR>Mdsx Low N/A -0.35 6.06 238.37<BR>Mdsx High N/A -0.35 6.06 238.37<BR>Mdsx Avg N/A -0.35 -0.50 6.06 238.37<BR>Hensall N/A -0.35 6.06 238.37<BR>Bruce 0.35 6.76 265.93 -0.35 6.06 238.37<BR>Putnam N/A -0.35 6.06 238.37<BR>Princeton N/A N/A<BR>Durham N/A -0.40 6.01 236.41<BR>Norfolk N/A -0.35 6.06 238.37<BR>Palmerston N/A -0.35 6.06 238.37<BR>Varna N/A -0.35 6.06 238.37<BR>Trenton 0.35 6.76 265.93 -0.35 6.06 238.37<BR>Winchester N/A -0.35 6.06 238.37<BR>North Gower N/A N/A<BR>Huron FOB N/A -0.35 6.06 238.37<BR>Kent FOB N/A -0.35 6.06 238.37<BR>Lamb FOB N/A -0.35 6.06 238.37<BR>Mdsx FOB N/A -0.35 -0.35 -0.30 -0.35 6.06 238.37<BR>FOB SW Que N/A -0.40 6.01 236.41<BR>Track 0.53 6.93 272.82N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A N/A<BR>Jhnstwn-Eth N/A N/A -0.25 -0.10 N/A<BR>Aylmer-Eth N/A -0.25 -0.25 -0.25 -0.25 6.16 242.31<BR>Sarn-Eth N/A -0.30 -0.10 0.00 0.00 6.41 252.15<BR>Cllngwd-Eth N/A N/A N/A N/A 0.50* 6.91 271.84<BR>London-Cas N/A N/A -0.30 -0.10 N/A<BR>Pt.Colb-Cas 0.10 0.00 -0.25 0.05 6.51 256.09 0.10 6.51 256.09<BR>Cardnl-Cas N/A N/A -0.70 -0.05 N/A<BR>W O Feed 0.89 0.87 7.30 287.19</DIV>
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<DIV>US Rep 0.80 0.78 7.21 283.65<BR>Toledo El. -0.10 6.30 248.13 -0.10 6.30 248.12</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A -0.52 5.89231 2/3<BR>Hamilton N/A -0.45 5.96234 4/9</DIV>
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<DIV>MID SD CRN -0.35 6.05 1/2<BR>HI SD CRN -0.35 6.05 1/2<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0152 up 0.0003<BR>Chicago soybeans closed moderately lower.</DIV>
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<DIV> NOV11 HI 12.72 NOV12 HI 12.50<BR> LOW 12.5 LOW 12.30<BR> CLOSE12.53 Down 17 CLOSE 12.33 Down 18</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 11.63 427.33-0.93 11.40 418.88<BR>CK High -0.80 11.73 431.00-0.90 11.43 419.98<BR>CK Average -0.87 -1.1411.66 428.58-0.91-1.2011.42 419.61<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.87 11.66 428.43-0.93 11.40 418.88<BR>Mdsx High -0.80 11.73 431.00-0.80 11.53 423.65<BR>Mdsx Average -0.84 -1.1111.70 429.72-0.87-1.1611.47 421.27<BR>Hensall -0.80 11.73 431.00-0.80 11.53 423.65<BR>Bruce -0.90 11.63 427.33-0.90 11.43 419.98<BR>Putnam -0.80 11.73 431.00-0.80 11.53 423.65<BR>Princeton N/A N/A<BR>Durham -0.90 11.63 427.33-0.96 11.37 417.78<BR>Norfolk -0.82 11.71 430.27-0.87 11.46 421.08<BR>Palmerston -0.80 11.73 431.00-0.80 11.53 423.65<BR>Varna -0.85 11.68 429.17-0.85 11.48 421.82<BR>Trenton -0.70 11.83 434.68-1.00 11.33 416.31<BR>Winchester -0.95 11.58 425.49-1.05 11.28 414.47<BR>North Gower N/A N/A<BR>Huron FOB -0.70 11.83 434.68-0.70 11.63 427.33<BR>Kent FOB -0.87 11.66 428.43-0.93 11.40 418.88<BR>Lambton FOB -0.87 11.66 428.43-0.93 11.40 418.88<BR>Middlesex FOB-0.66-0.75-0.66-0.56 11.87 436.15-0.72 11.61 426.59</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.45-0.45-0.40-0.25 12.08 443.86-0.50 11.83 434.68<BR>Windsor -0.29-0.45-0.20-0.14 12.24 449.74-0.51 11.82 434.31<BR>Winchester -0.89 11.64 427.70 N/A</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.40 N/A N/A N/A 12.13 445.70-0.30 12.03 442.03<BR>Pt. Stanley -0.85 11.68 429.17-0.75 11.58 425.49<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.20 12.33 453.050.00 12.33 453.05</DIV>
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<DIV>Toledo El. -0.47 12.06 443.13-0.59 11.74 431.24</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0152 up 0.0003<BR>Chicago wheat closed narrowly mixed.<BR>DEC11 HI 6.35 1/4 JUL12 HI 7.07 1/2<BR> LOW 6.19 LOW 6.91 1/2<BR> CLOSE 6.24 1/4 Up 1 1/2 CLOSE 6.96 3/4 Down 1/2</DIV>
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<DIV>Minni wheat closed slightly higher.<BR>MAR12 HI 8.45 1/4 SEP12 HI 7.96 1/4<BR> LOW 8.32 3/4 LOW 7.85 1/2<BR> CLOSE 8.39 3/4 Up 6 CLOSE 7.92 1/2 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 -0.43 0.44 -0.43 0.39<BR>CAD $/bu 5.82 6.68 5.82 8.78<BR>CAD $/tonne 213.67 245.58 213.67 322.71</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 0.10 -0.60 N/A N/A -0.35 -0.80 N/A<BR>London -0.61 0.21 -0.61 N/A N/A -0.14 -0.85 N/A<BR>Hensall -0.50 N/A -0.50 N/A -0.35 N/A -0.80 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 -0.74 N/A N/A N/A -0.95 N/A<BR>Norwich -0.50 N/A -0.60 N/A -0.35 N/A -0.80 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 -0.60 N/A -0.20 N/A -0.70 N/A<BR>Chatham N/A 0.15 -0.62 N/A N/A -0.29 -0.81 N/A<BR>Brigden N/A 0.15 -0.62 N/A N/A -0.29 -0.81 N/A<BR>Palmerston N/A 0.30 -0.51 0.30 N/A 0.12 -0.79 0.14<BR>Varna -0.45 0.35 -0.50 N/A -0.45 0.25 -0.80 N/A<BR>Mitchell -0.50 0.35 -0.45 N/A -0.35 0.15 -0.75 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 -0.25 N/A N/A N/A -0.50 N/A<BR>Pt. Stanley N/A N/A -0.70 N/A N/A N/A -0.95 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.85 0.13N/A 0.27 1.09 0.27N/A</DIV>
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<DIV>Toledo El. 6.01US 6.14CA 6.84US 7.00CA</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 -0.25 0.37 -0.65 0.08<BR>CAD $/bu 6.72 7.34 6.31 8.01<BR>CAD $/tonne 247.00 269.56 231.95 294.29</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 295.00<BR>Bayport Barley 285.00<BR>FOB Hm Soymeal 377.00 - 378.10<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>