<HTML><HEAD>
<META content="text/html; charset=utf-8" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.19154"></HEAD>
<BODY style="MARGIN: 4px 4px 1px; FONT: 10pt Tahoma">
<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 19<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0136 down 0.0027<BR>Chicago corn closed slightly lower.</DIV>
<DIV> </DIV>
<DIV> DEC11 HI 6.51 1/4 DEC11 HI 6.51 1/4<BR> LOW 6.37 1/2 LOW 6.37 1/2<BR> CLOSE6.38 1/2 Down 5 1/2 CLOSE 6.38 1/2 Down 5 1/2</DIV>
<DIV> </DIV>
<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 6.04 237.59 -0.35 6.04 237.59<BR>CK High -0.35 6.04 237.59 -0.35 6.04 237.59<BR>CK Avg -0.35 -0.49 6.04 237.59 -0.35 -0.51 6.04 237.59<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Mdsx High -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Mdsx Avg -0.35 -0.49 6.04 237.59 -0.35 -0.51 6.04 237.59<BR>Hensall -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Bruce -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Putnam -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Princeton N/A N/A<BR>Durham -0.40 5.99 235.62 -0.40 5.99 235.62<BR>Norfolk -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Palmerston -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Varna -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Trenton 0.35 6.74 265.15 -0.35 6.04 237.59<BR>Winchester -0.35 6.04 237.59 -0.35 6.04 237.59<BR>North Gower N/A N/A<BR>Huron FOB N/A -0.35 6.04 237.59<BR>Kent FOB -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Lamb FOB -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Mdsx FOB N/A -0.35 -0.35 -0.30 -0.35 6.04 237.59<BR>FOB SW Que -0.35 6.04 237.59 -0.35 6.04 237.59<BR>Track 0.53 6.91 272.03N/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 6.14 241.52<BR>Sarn-Eth 0.00 -0.30 -0.10 0.00 6.39 251.37 0.00 6.39 251.37<BR>Cllngwd-Eth N/A N/A N/A N/A 0.50* 6.89 271.05<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 6.49 255.30 0.10 6.49 255.30<BR>Cardnl-Cas N/A N/A -0.70 -0.05 N/A<BR>W O Feed 0.61 0.60 7.00 275.48</DIV>
<DIV> </DIV>
<DIV>US Rep 0.60 0.59 6.99 274.99<BR>Toledo El. -0.06 6.32 248.95 -0.06 6.32 248.95</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A -0.34 6.05238<BR>Hamilton N/A -0.34 6.05238</DIV>
<DIV> </DIV>
<DIV>MID SD CRN -0.35 6.03 1/2<BR>HI SD CRN -0.35 6.03 1/2<BR>*Wet Bid</DIV>
<DIV> </DIV>
<DIV><BR>Bank of Canada Noon exchange rate was 1.0136 down 0.0027<BR>Chicago soybeans closed moderately lower to lower.</DIV>
<DIV> </DIV>
<DIV> NOV11 HI 12.59 NOV12 HI 12.37<BR> LOW 12.23 1/2 LOW 12.11<BR> CLOSE12.25 Down 25 3/4 CLOSE 12.12 1/2 Down 20</DIV>
<DIV> </DIV>
<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 -0.93 11.32 415.94-0.99 11.14 409.14<BR>CK High -0.80 11.45 420.72-0.92 11.21 411.71<BR>CK Average -0.88 -1.1511.37 417.92-0.95-1.2511.17 410.54<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.95 11.30 415.20-1.00 11.13 408.77<BR>Mdsx High -0.80 11.45 420.72-0.85 11.28 414.29<BR>Mdsx Average -0.88 -1.1511.38 417.96-0.93-1.2211.20 411.53<BR>Hensall -0.85 11.40 418.88-0.88 11.25 413.37<BR>Bruce -0.90 11.35 417.04-0.95 11.18 410.61<BR>Putnam -0.80 11.45 420.72-0.85 11.28 414.29<BR>Princeton N/A N/A<BR>Durham -0.98 11.27 414.10-1.03 11.10 407.67<BR>Norfolk -0.80 11.45 420.72-0.89 11.24 412.82<BR>Palmerston -0.90 11.35 417.04-0.90 11.23 412.45<BR>Varna -0.90 11.35 417.04-0.90 11.23 412.45<BR>Trenton -1.05 11.20 411.53-1.15 10.98 403.26<BR>Winchester -1.02 11.23 412.63-1.12 11.01 404.36<BR>North Gower N/A N/A<BR>Huron FOB -0.80 11.45 420.72-0.80 11.33 416.12<BR>Kent FOB -0.85 11.40 418.88-0.95 11.18 410.61<BR>Lambton FOB -0.85 11.40 418.88-0.95 11.18 410.61<BR>Middlesex FOB-0.79-0.82-0.64-0.64 11.46 421.08-0.79 11.34 416.49</DIV>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Hamilton -0.50-0.50-0.50-0.45 11.75 431.74-0.55 11.58 425.31<BR>Windsor -0.29-0.29-0.19-0.14 11.96 439.45-0.51 11.62 426.78<BR>Winchester -0.91 11.34 416.67 N/A</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Hamilton -0.45 N/A N/A N/A 11.80 433.58-0.35 11.78 432.66<BR>Pt. Stanley -0.90 11.35 417.04-0.80 11.33 416.12<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.22 12.03 442.030.00 12.13 445.52</DIV>
<DIV> </DIV>
<DIV>Toledo El. -0.39 11.86 435.84-0.59 11.53 423.68</DIV>
<DIV> </DIV>
<DIV><BR>Bank of Canada Noon exchange rate was 1.0136 down 0.0027<BR>Chicago wheat closed slightly lower.<BR>DEC11 HI 6.37 3/4 JUL12 HI 7.04<BR> LOW 6.18 LOW 6.90<BR> CLOSE 6.19 1/2 Down 5 3/4 CLOSE 6.91 1/2 Down 2 3/4</DIV>
<DIV> </DIV>
<DIV>Minni wheat closed narrowly mixed.<BR>MAR12 HI 8.59 SEP12 HI 8.07 3/4<BR> LOW 8.46 1/4 LOW 7.97<BR> CLOSE 8.49 1/2 Up 1 CLOSE 7.98 1/4 Down 1/2</DIV>
<DIV> </DIV>
<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 -0.32 0.44 -0.32 0.39<BR>CAD $/bu 5.87 6.64 5.87 8.89<BR>CAD $/tonne 215.75 243.92 215.75 326.54</DIV>
<DIV> </DIV>
<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 -0.75 N/A<BR>London -0.64 0.22 -0.59 N/A N/A -0.18 -0.84 N/A<BR>Hensall -0.50 N/A -0.50 N/A -0.25 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 -0.74 N/A N/A N/A -0.80 N/A<BR>Norwich -0.50 N/A -0.60 N/A -0.25 N/A -0.65 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 0.14 -0.63 N/A N/A 0.09 -0.72 N/A<BR>Brigden N/A 0.14 -0.63 N/A N/A 0.09 -0.72 N/A<BR>Palmerston N/A 0.26 -0.55 0.25 N/A 0.08 -0.83 0.10<BR>Varna -0.55 0.35 -0.55 N/A -0.40 0.25 -0.85 N/A<BR>Mitchell -0.50 0.35 -0.45 N/A -0.25 0.15 -0.70 N/A<BR>Thornton N/A N/A N/A -1.02 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>
<DIV> </DIV>
<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 -0.55 N/A<BR>Pt. Stanley N/A N/A -0.75 N/A N/A N/A -0.90 N/A</DIV>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Toledo FM N/A 0.85 0.14N/A 0.27 1.09 0.27N/A</DIV>
<DIV> </DIV>
<DIV>Toledo El. 6.02US 6.15CA 6.79US 6.95CA</DIV>
<DIV> </DIV>
<DIV>GFO Contract Wheat Prices - DEL Terminal<BR>Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<BR>Basis -0.24 0.58 -0.44 0.09<BR>CAD $/bu 6.68 7.49 6.47 8.08<BR>CAD $/tonne 245.27 275.39 237.74 296.75</DIV>
<DIV> </DIV>
<DIV>(C)-Basis over the Chicago Board of Trade futures<BR>(M)-Basis over the Minneapolis Grain Exchange</DIV>
<DIV> </DIV>
<DIV>FEED GRAINS<BR>Bayport Wheat 295.00 - 305.00<BR>Bayport Oats 295.00<BR>Bayport Barley 285.00<BR>FOB Hm Soymeal 378.43 - 379.53<BR>DDG's FOB Srn, Wndr, Aylm 218.00 - 270.00<BR></DIV>
<DIV> </DIV>
<DIV> </DIV>
<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>