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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, October 20<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0218 up 0.0082<BR>Chicago corn closed moderately higher.</DIV>
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<DIV> DEC11 HI 6.51 DEC11 HI 6.51<BR> LOW 6.32 LOW 6.32<BR> CLOSE6.49 1/2 Up 11 CLOSE 6.49 1/2 Up 11</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 6.15 241.92 -0.35 6.15 241.92<BR>CK High -0.35 6.15 241.92 -0.35 6.15 241.92<BR>CK Avg -0.35 -0.45 6.15 241.92 -0.35 -0.47 6.15 241.92<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Mdsx High -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Mdsx Avg -0.35 -0.45 6.15 241.92 -0.35 -0.47 6.15 241.92<BR>Hensall -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Bruce -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Putnam -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Princeton N/A N/A<BR>Durham -0.40 6.10 239.95 -0.40 6.10 239.95<BR>Norfolk -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Palmerston -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Varna -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Trenton 0.35 6.85 269.48 -0.35 6.15 241.92<BR>Winchester -0.35 6.15 241.92 -0.35 6.15 241.92<BR>North Gower N/A N/A<BR>Huron FOB N/A -0.35 6.15 241.92<BR>Kent FOB -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Lamb FOB -0.35 6.15 241.92 -0.35 6.15 241.92<BR>Mdsx FOB N/A -0.35 -0.35 -0.30 -0.35 6.15 241.92<BR>FOB SW Que -0.38 6.12 240.74 -0.38 6.12 240.74<BR>Track 0.53 7.02 276.37N/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 6.25 245.85<BR>Sarn-Eth 0.00 -0.30 -0.10 0.00 6.50 255.70 0.00 6.50 255.70<BR>Cllngwd-Eth N/A N/A N/A N/A 0.50* 7.00 275.38<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 6.60 259.63 0.10 6.60 259.63<BR>Cardnl-Cas N/A N/A -0.70 -0.05 N/A<BR>W O Feed 0.59 0.57 7.09 278.92</DIV>
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<DIV>US Rep 0.60 0.58 7.10 279.32<BR>Toledo El. -0.03 6.46 254.50 -0.03 6.46 254.49</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A -0.34 6.16242 1/3<BR>Hamilton N/A -0.34 6.16242 1/3</DIV>
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<DIV>MID SD CRN -0.35 6.14 1/2<BR>HI SD CRN -0.35 6.14 1/2<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0218 up 0.0082<BR>Chicago soybeans closed slightly lower to steady.</DIV>
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<DIV> NOV11 HI 12.26 1/4 NOV12 HI 12.13 3/4<BR> LOW 12.01 1/2 LOW 11.92<BR> CLOSE12.25 Unchanged CLOSE 12.12 1/4 Down 1/4</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 11.40 418.88-0.90 11.22 412.36<BR>CK High -0.75 11.50 422.55-0.85 11.27 414.19<BR>CK Average -0.81 -1.0111.44 420.35-0.88-1.1111.24 412.94<BR>Essex Cty N/A N/A<BR>Mdsx Low -0.84 11.41 419.25-0.90 11.22 412.36<BR>Mdsx High -0.75 11.50 422.55-0.80 11.32 416.03<BR>Mdsx Average -0.80 -0.9911.46 420.90-0.85-1.0711.27 414.19<BR>Hensall -0.83 11.43 419.80-0.85 11.27 414.19<BR>Bruce -0.85 11.40 418.88-0.90 11.22 412.36<BR>Putnam -0.75 11.50 422.55-0.80 11.32 416.03<BR>Princeton N/A N/A<BR>Durham -0.87 11.38 418.14-0.93 11.19 411.25<BR>Norfolk -0.72 11.53 423.65-0.82 11.30 415.30<BR>Palmerston -0.90 11.35 417.04-0.90 11.22 412.36<BR>Varna -0.90 11.35 417.04-0.90 11.22 412.36<BR>Trenton -0.90 11.35 417.04-1.00 11.12 408.68<BR>Winchester -0.80 11.45 420.72-0.90 11.22 412.36<BR>North Gower N/A N/A<BR>Huron FOB -0.80 11.45 420.72-0.80 11.32 416.03<BR>Kent FOB -0.77 11.48 421.82-0.88 11.24 413.09<BR>Lambton FOB -0.77 11.48 421.82-0.88 11.24 413.09<BR>Middlesex FOB-0.68-71.0-0.53-0.53 11.57 425.12-0.69 11.43 420.07</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.40-0.40-0.35-0.20 11.85 435.41-0.45 11.67 428.89<BR>Windsor -0.37-0.27-0.27-0.22 11.88 436.52-0.58 11.54 424.11<BR>Winchester -1.02 11.23 412.63 N/A</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.45 N/A N/A N/A 11.80 433.58-0.35 11.77 432.57<BR>Pt. Stanley -0.90 11.35 417.04-0.80 11.32 416.03<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.25 12.00 440.92-0.05 12.07 443.59</DIV>
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<DIV>Toledo El. -0.39 11.86 435.92-0.59 11.53 423.72</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0218 up 0.0082<BR>Chicago wheat closed slightly to moderately higher.<BR>DEC11 HI 6.32 1/4 JUL12 HI 7.02 3/4<BR> LOW 6.13 1/2 LOW 6.83 1/2<BR> CLOSE 6.30 3/4 Up 11 1/4 CLOSE 7.00 3/4 Up 9 1/4</DIV>
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<DIV>Minni wheat closed slightly higher.<BR>MAR12 HI 8.64 SEP12 HI 8.08 3/4<BR> LOW 8.33 1/2 LOW 7.85 1/4<BR> CLOSE 8.49 3/4 Up 1/4 CLOSE 8.00 1/4 Up 2</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 -0.36 0.41 -0.36 0.34<BR>CAD $/bu 5.95 6.71 5.95 8.84<BR>CAD $/tonne 218.70 246.71 218.70 324.74</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 -0.75 N/A<BR>London -0.59 0.28 -0.54 N/A N/A -0.09 -0.73 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 -0.77 N/A N/A N/A -0.84 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 0.40 -0.30 N/A N/A 0.20 -0.62 N/A<BR>Brigden N/A 0.40 -0.30 N/A N/A 0.20 -0.62 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>
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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 -0.55 N/A<BR>Pt. Stanley N/A N/A -0.75 N/A N/A N/A -0.90 N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.81 0.20N/A 0.23 1.04 0.33N/A</DIV>
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<DIV>Toledo El. 6.13US 6.23CA 6.88US 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 -0.28 0.54 -0.48 0.04<BR>CAD $/bu 6.73 7.54 6.52 8.05<BR>CAD $/tonne 247.23 277.17 239.75 295.69</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 381.74<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>