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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, October 18<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0163 up 0.0011<BR>Chicago corn closed slightly higher.</DIV>
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<DIV> DEC11 HI 6.46 3/4 DEC11 HI 6.46 3/4<BR> LOW 6.30 1/4 LOW 6.30 1/4<BR> CLOSE6.44 Up 3 1/2 CLOSE 6.44 Up 3 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 -0.35 6.09 239.75 -0.35 6.09 239.75<BR>CK High -0.35 6.09 239.75 -0.35 6.09 239.75<BR>CK Avg -0.35 -0.44 6.09 239.75 -0.35 -0.47 6.09 239.75<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Mdsx High -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Mdsx Avg -0.35 -0.44 6.09 239.75 -0.35 -0.47 6.09 239.75<BR>Hensall -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Bruce -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Putnam -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Princeton N/A N/A<BR>Durham -0.40 6.04 237.78 -0.40 6.04 237.78<BR>Norfolk -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Palmerston -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Varna -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Trenton 0.35 6.79 267.31 -0.35 6.09 239.75<BR>Winchester -0.35 6.09 239.75 -0.35 6.09 239.75<BR>North Gower N/A N/A<BR>Huron FOB N/A -0.35 6.09 239.75<BR>Kent FOB -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Lamb FOB -0.35 6.09 239.75 -0.35 6.09 239.75<BR>Mdsx FOB N/A -0.35 -0.35 -0.30 -0.35 6.09 239.75<BR>FOB SW Que -0.40 6.04 237.78 -0.40 6.04 237.78<BR>Track 0.53 6.97 274.20N/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 6.19 243.69<BR>Sarn-Eth 0.00 -0.30 -0.10 0.00 6.44 253.53 0.00 6.44 253.53<BR>Cllngwd-Eth N/A N/A N/A N/A 0.50* 6.94 273.22<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 6.54 257.47 0.10 6.54 257.47<BR>Cardnl-Cas N/A N/A -0.70 -0.05 N/A<BR>W O Feed 0.89 0.87 7.33 288.57</DIV>
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<DIV>US Rep 0.80 0.78 7.24 285.03<BR>Toledo El. -0.10 6.34 249.54 -0.10 6.34 249.52</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A -0.52 5.92233<BR>Hamilton N/A -0.45 5.99235 4/5</DIV>
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<DIV>MID SD CRN -0.35 6.09<BR>HI SD CRN -0.35 6.09<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0163 up 0.0011<BR>Chicago soybeans closed slightly lower.</DIV>
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<DIV> NOV11 HI 12.53 NOV12 HI 12.33 1/4<BR> LOW 12.26 1/2 LOW 12.07<BR> CLOSE12.50 3/4 Down 2 1/4 CLOSE 12.32 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 -0.85 11.66 428.34-0.85 11.48 421.63<BR>CK High -0.75 11.76 432.01-0.84 11.49 422.00<BR>CK Average -0.81 -0.9911.70 429.88-0.85-1.0811.48 421.71<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.79 11.72 430.54-0.85 11.48 421.63<BR>Mdsx High -0.75 11.76 432.01-0.75 11.58 425.31<BR>Mdsx Average -0.77 -0.9511.74 431.28-0.80-1.0311.53 423.47<BR>Hensall -0.78 11.73 431.10-0.78 11.55 424.39<BR>Bruce -0.80 11.71 430.18-0.80 11.53 423.47<BR>Putnam -0.75 11.76 432.01-0.75 11.58 425.31<BR>Princeton N/A N/A<BR>Durham -0.82 11.69 429.44-0.88 11.45 420.53<BR>Norfolk -0.75 11.76 432.01-0.79 11.54 423.84<BR>Palmerston -0.80 11.71 430.18-0.80 11.53 423.47<BR>Varna -0.85 11.66 428.34-0.85 11.48 421.63<BR>Trenton -0.95 11.56 424.67-1.00 11.33 416.12<BR>Winchester -0.90 11.61 426.50-1.01 11.32 415.76<BR>North Gower N/A N/A<BR>Huron FOB -0.70 11.81 433.85-0.70 11.63 427.15<BR>Kent FOB -0.80 11.71 430.18-0.85 11.48 421.63<BR>Lambton FOB -0.80 11.71 430.18-0.85 11.48 421.63<BR>Middlesex FOB-0.60-0.66-0.58-0.48 11.91 437.53-0.64 11.69 429.35</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.35-0.35-0.30-0.15 12.16 446.71-0.35 11.98 440.01<BR>Windsor -0.32-0.47-0.22-0.16 12.19 447.81-0.53 11.80 433.39<BR>Winchester -0.95 11.56 424.67 N/A</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.40 N/A N/A N/A 12.11 444.87-0.30 12.03 441.84<BR>Pt. Stanley -0.85 11.66 428.34-0.75 11.58 425.31<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.22 12.29 451.490.00 12.33 452.87</DIV>
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<DIV>Toledo El. -0.47 12.04 442.42-0.59 11.73 431.16</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0163 up 0.0011<BR>Chicago wheat closed narrowly mixed.<BR>DEC11 HI 6.30 JUL12 HI 6.99 3/4<BR> LOW 6.13 LOW 6.84 1/4<BR> CLOSE 6.25 1/4 Up 1 CLOSE 6.94 1/4 Down 2 1/2</DIV>
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<DIV>Minni wheat closed slightly higher.<BR>MAR12 HI 8.53 1/2 SEP12 HI 8.03 1/2<BR> LOW 8.33 LOW 7.86 3/4<BR> CLOSE 8.48 1/2 Up 8 3/4 CLOSE 7.98 3/4 Up 6 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 -0.47 0.40 -0.47 0.33<BR>CAD $/bu 5.79 6.65 5.79 8.81<BR>CAD $/tonne 212.59 244.28 212.59 323.78</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 -0.56 0.31 -0.51 N/A N/A -0.09 -0.75 N/A<BR>Hensall -0.50 N/A -0.50 N/A -0.30 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 -0.75 N/A N/A N/A -0.86 N/A<BR>Norwich -0.50 N/A -0.60 N/A -0.30 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 -0.50 N/A -0.60 N/A -0.15 N/A -0.65 N/A<BR>Chatham N/A 0.19 -0.58 N/A N/A -0.25 -0.77 N/A<BR>Brigden N/A 0.19 -0.58 N/A N/A -0.25 -0.77 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 -0.30 0.15 -0.70 N/A<BR>Thornton N/A N/A N/A -0.85 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 0.80 0.09N/A 0.23 1.05 0.23N/A</DIV>
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<DIV>Toledo El. 6.07US 6.16CA 6.81US 6.94CA</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 -0.28 0.33 -0.68 0.05<BR>CAD $/bu 6.67 7.28 6.26 8.04<BR>CAD $/tonne 244.90 267.36 229.93 295.25</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 387.25 - 388.35<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>