<HTML><HEAD>
<META content="text/html; charset=utf-8" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.19170"></HEAD>
<BODY style="MARGIN: 4px 4px 1px; FONT: 10pt Tahoma">
<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 29<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.021 down 0.0024<BR>Chicago corn closed slightly lower.</DIV>
<DIV> </DIV>
<DIV> MAR12 HI 6.45 3/4 DEC12 HI 5.85<BR> LOW 6.35 1/4 LOW 5.77 1/2<BR> CLOSE6.38 Down 4 1/2 CLOSE 5.82 Down 1 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 +MAR12+MAR12+MAY12<BR>CK Low -0.30 6.08 239.36 -0.50 5.32 209.44<BR>CK High -0.22 6.16 242.51 -0.50 5.32 209.44<BR>CK Avg -0.27 -0.42 6.11 240.54 -0.50 -0.64 5.32 209.44<BR>Essex Cty -0.30 6.08 239.36 -0.50 5.32 209.44<BR>Mdsx Low -0.30 6.08 239.36 -0.50 5.32 209.44<BR>Mdsx High -0.25 6.13 241.33 -0.50 5.32 209.44<BR>Mdsx Avg -0.28 -0.42 6.11 240.34 -0.50 -0.64 5.32 209.44<BR>Hensall -0.25 6.13 241.33 -0.48 5.35 210.42<BR>Bruce -0.25 6.13 241.33 -0.50 5.32 209.44<BR>Putnam -0.30 6.08 239.36 -0.50 5.32 209.44<BR>Burford -0.30 6.08 239.36 -0.50 5.32 209.44<BR>Port Perry -0.35 6.03 237.39 -0.55 5.27 207.47<BR>Norfolk -0.22 6.16 242.51 -0.50 5.32 209.44<BR>Palmerston -0.25 6.13 241.33 -0.45 5.37 211.41<BR>Varna -0.25 6.13 241.33 -0.45 5.37 211.41<BR>Trenton -0.15 6.23 245.26 -0.50 5.32 209.44<BR>Winchester -0.10 6.28 247.23 -0.45 5.37 211.41<BR>North Gower -0.18 6.20 244.08 0.02 5.84 229.91<BR>Huron FOB -0.05 6.33 249.20 -0.45 5.37 211.41<BR>Kent FOB -0.22 6.16 242.51 -0.50 5.32 209.44<BR>Lamb FOB -0.22 6.16 242.51 -0.50 5.32 209.44<BR>Mdsx FOB -0.20 -0.20 -0.15 -0.15 6.18 243.30 -0.50 5.32 209.44<BR>FOB SW Que 0.15 6.53 257.07 -0.10 5.72 225.19<BR>Track 0.18 6.56 258.06N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A N/A<BR>Jhnstwn-Eth 0.00 0.40 0.40 0.40 6.38 251.17 0.10 5.92 233.06<BR>Aylmer-Eth N/A -0.05 0.00 0.00 N/A<BR>Sarn-Eth 0.00 0.05 0.10 0.05 6.38 251.17N/A<BR>Cllngwd-Eth 0.20N/A N/A N/A 6.58 259.04-0.30* 5.52 217.31<BR>London-Cas 0.00 0.10 0.10 0.10 6.38 251.17 -0.30 5.52 217.31<BR>Pt.Colb-Cas 0.00 0.25 0.25 0.25 6.38 251.17 -0.25 5.57 219.28<BR>Cardnl-Cas 0.00 0.25 0.30 0.25 6.38 251.17 -0.25 5.57 219.28<BR>W O Feed 0.23 0.21 6.61 260.22</DIV>
<DIV> </DIV>
<DIV>US Rep 0.65 0.63 7.03 276.76<BR>Toledo El. -0.06 6.32 248.75 -0.44 5.38 211.78</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton N/A N/A</DIV>
<DIV> </DIV>
<DIV>MID SD CRN -0.26 6.12<BR>HI SD CRN -0.22 6.16<BR>*Wet Bid</DIV>
<DIV> </DIV>
<DIV><BR>Bank of Canada Noon exchange rate was 1.021 down 0.0024<BR>Chicago soybeans closed slightly lower.</DIV>
<DIV> </DIV>
<DIV> MAR12 HI 12.11 1/2 NOV12 HI 12.09 3/4<BR> LOW 11.93 LOW 11.91 1/2<BR> CLOSE11.97 Down 11 CLOSE 12.00 1/2 Down 4 1/2</DIV>
<DIV> </DIV>
<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +MAR1+MAR1+MAY12<BR>CK Low -0.65 11.32 415.94-0.77 11.24 412.82<BR>CK High -0.56 11.41 419.25-0.65 11.36 417.22<BR>CK Average -0.63 -0.9011.35 416.86-0.74-1.0311.27 414.10<BR>Essex Cty -0.41 11.56 424.76-0.57 11.44 420.16<BR>Mdsx Low -0.70 11.27 414.10-0.75 11.26 413.55<BR>Mdsx High -0.60 11.37 417.78-0.70 11.31 415.39<BR>Mdsx Average -0.65 -0.9311.32 415.94-0.73-1.0211.28 414.47<BR>Hensall -0.65 11.32 415.94-0.73 11.28 414.47<BR>Bruce -0.70 11.27 414.10-0.75 11.26 413.55<BR>Putnam -0.70 11.27 414.10-0.75 11.26 413.55<BR>Burford -0.60 11.37 417.78-0.70 11.31 415.39<BR>Port Perry -0.63 11.34 416.67-0.73 11.28 414.29<BR>Norfolk -0.51 11.46 421.08-0.71 11.30 415.02<BR>Palmerston -0.60 11.37 417.78-0.70 11.31 415.39<BR>Varna -0.70 11.27 414.10-0.75 11.26 413.55<BR>Trenton -0.65 11.32 415.94-0.60 11.41 419.06<BR>Winchester -0.55 11.42 419.61-0.45 11.56 424.57<BR>North Gower -0.54 11.43 419.98-0.85 11.16 409.88<BR>Huron FOB -0.45 11.52 423.29-0.65 11.36 417.22<BR>Kent FOB -0.56 11.41 419.25-0.77 11.24 412.82<BR>Lambton FOB -0.56 11.41 419.25-0.77 11.24 412.82<BR>Middlesex FOB-0.39-0.44-0.44-0.35 11.58 425.49-0.54 11.47 421.27</DIV>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Hamilton 0.00 0.00 -0.10-0.10 11.97 439.82-0.20 11.81 433.76<BR>Windsor -0.19-0.09-0.13-0.12 11.78 432.84-0.34 11.67 428.62<BR>Winchester -0.67 11.30 415.20-0.47 11.54 423.84</DIV>
<DIV> </DIV>
<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 -0.05 11.92 437.990.15 12.16 446.62</DIV>
<DIV> </DIV>
<DIV>Toledo El. -0.24 11.73 431.17-0.59 11.41 419.28</DIV>
<DIV> </DIV>
<DIV><BR>Bank of Canada Noon exchange rate was 1.021 down 0.0024<BR>Chicago wheat closed slightly lower.<BR>MAR12 HI 6.54 1/2 JUL12 HI 6.86 1/4<BR> LOW 6.41 3/4 LOW 6.75 1/4<BR> CLOSE 6.45 1/4 Down 6 CLOSE 6.79 3/4 Down 3</DIV>
<DIV> </DIV>
<DIV>Minni wheat closed slightly lower.<BR>MAR12 HI 8.67 SEP12 HI 7.96<BR> LOW 8.53 1/4 LOW 7.85<BR> CLOSE 8.55 1/4 Down 7 3/4 CLOSE 7.87 3/4 Down 6 1/4</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 -0.05 0.81 0.20 -0.21<BR>CAD $/bu 6.40 7.27 6.65 8.34<BR>CAD $/tonne 235.08 267.03 244.48 306.51</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 0.55 0.00 N/A N/A 0.60 -0.20 N/A<BR>London -0.15 0.57 -0.05 N/A N/A 0.52 -0.24 N/A<BR>Hensall -0.10 N/A 0.00 N/A 0.00 N/A -0.20 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -0.45 N/A<BR>Winchester N/A N/A N/A N/A N/A N/A N/A -0.20<BR>Essex N/A N/A -0.15 N/A N/A N/A -0.28 N/A<BR>Norwich -0.10 N/A 0.00 N/A 0.00 N/A -0.20 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.10 N/A 0.00 N/A 0.00 N/A -0.20 N/A<BR>Chatham N/A 0.50 0.00 N/A N/A 0.64 -0.27 N/A<BR>Brigden N/A 0.50 0.00 N/A N/A 0.64 -0.27 N/A<BR>Palmerston N/A 0.76 -0.06 -0.26 N/A 0.53 -0.30 -0.16<BR>Varna 0.00 0.70 0.00 N/A 0.20 0.80 -0.25 N/A<BR>Mitchell -0.10 0.60 0.00 N/A 0.00 0.70 -0.20 N/A<BR>Thornton N/A N/A N/A -0.41 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 0.07</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 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>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Toledo FM N/A 0.87 0.46N/A 0.27 1.19 0.47N/A</DIV>
<DIV> </DIV>
<DIV>Toledo El. 6.42US 6.57CA 6.77US 6.93CA</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 0.06 0.88 -0.14 0.24<BR>CAD $/bu 6.86 7.68 6.66 8.12<BR>CAD $/tonne 252.12 282.23 244.59 298.42</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 280.00 - 295.00<BR>Bayport Oats 310.00<BR>Bayport Barley 280.00<BR>FOB Hm Soymeal 370.16 - 372.37<BR>DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00<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>