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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 30<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.017 down 0.0040<BR>Chicago corn closed slightly to moderately higher.</DIV>
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<DIV> MAR12 HI 6.48 1/2 DEC12 HI 5.88 3/4<BR> LOW 6.35 1/4 LOW 5.80 1/4<BR> CLOSE6.46 1/2 Up 8 1/2 CLOSE 5.86 1/4 Up 4 1/4</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 +MAR12+MAR12+MAY12<BR>CK Low -0.30 6.17 242.71 -0.55 5.31 209.14<BR>CK High -0.23 6.24 245.46 -0.50 5.36 211.11<BR>CK Avg -0.27 -0.40 6.19 243.82 -0.51 -0.63 5.35 210.78<BR>Essex Cty -0.30 6.17 242.71 -0.50 5.36 211.11<BR>Mdsx Low -0.30 6.17 242.71 -0.50 5.36 211.11<BR>Mdsx High -0.25 6.22 244.67 -0.50 5.36 211.11<BR>Mdsx Avg -0.28 -0.40 6.19 243.69 -0.50 -0.62 5.36 211.11<BR>Hensall -0.25 6.22 244.67 -0.48 5.39 212.10<BR>Bruce -0.25 6.22 244.67 -0.50 5.36 211.11<BR>Putnam -0.25 6.22 244.67 -0.50 5.36 211.11<BR>Burford -0.30 6.17 242.71 -0.50 5.36 211.11<BR>Port Perry -0.35 6.12 240.74 -0.55 5.31 209.14<BR>Norfolk -0.23 6.24 245.46N/A<BR>Palmerston -0.25 6.22 244.67 -0.45 5.41 213.08<BR>Varna -0.25 6.22 244.67 -0.45 5.41 213.08<BR>Trenton -0.15 6.32 248.61 -0.50 5.36 211.11<BR>Winchester -0.10 6.37 250.58 -0.45 5.41 213.08<BR>North Gower N/A N/A<BR>Huron FOB -0.05 6.42 252.55 -0.45 5.41 213.08<BR>Kent FOB -0.23 6.24 245.46 -0.50 5.36 211.11<BR>Lamb FOB -0.23 6.24 245.46 -0.50 5.36 211.11<BR>Mdsx FOB -0.20 -0.20 -0.15 -0.15 6.27 246.64 -0.50 5.36 211.11<BR>FOB SW Que 0.15 6.62 260.42 -0.10 5.76 226.86<BR>Track 0.18 6.64 261.41N/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 6.47 254.52 -0.25 5.61 220.95<BR>Aylmer-Eth N/A -0.10 0.00 0.00 N/A<BR>Sarn-Eth 0.00 0.05 0.10 0.05 6.47 254.52N/A<BR>Cllngwd-Eth 0.20N/A N/A N/A 6.67 262.39-0.30* 5.56 218.99<BR>London-Cas 0.00 0.10 0.10 0.10 6.47 254.52 -0.30 5.56 218.99<BR>Pt.Colb-Cas 0.00 0.25 0.25 0.25 6.47 254.52 -0.25 5.61 220.95<BR>Cardnl-Cas 0.00 0.25 0.30 0.25 6.47 254.52 -0.25 5.61 220.95<BR>W O Feed 0.23 0.21 6.70 263.57</DIV>
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<DIV>US Rep 0.65 0.63 7.12 280.11<BR>Toledo El. -0.06 6.40 252.11 -0.44 5.42 213.53</DIV>
<DIV> </DIV>
<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton 0.05 6.52256 1/2 -0.25 5.61221</DIV>
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<DIV>MID SD CRN -0.26 1/2 6.20<BR>HI SD CRN -0.23 6.23 1/2<BR>*Wet Bid</DIV>
<DIV> </DIV>
<DIV><BR>Bank of Canada Noon exchange rate was 1.017 down 0.0040<BR>Chicago soybeans closed slightly higher.</DIV>
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<DIV> MAR12 HI 12.15 3/4 NOV12 HI 12.12 1/4<BR> LOW 11.94 1/4 LOW 11.98<BR> CLOSE12.07 3/4 Up 10 3/4 CLOSE 12.04 1/4 Up 3 3/4</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +MAR1+MAR1+MAY12<BR>CK Low -0.67 11.41 419.15-0.77 11.27 414.19<BR>CK High -0.55 11.53 423.56-0.65 11.39 418.60<BR>CK Average -0.60 -0.8411.47 421.60-0.72-0.9611.33 416.21<BR>Essex Cty -0.47 11.61 426.50-0.57 11.47 421.54<BR>Mdsx Low -0.65 11.43 419.89-0.73 11.31 415.66<BR>Mdsx High -0.63 11.45 420.62-0.70 11.34 416.77<BR>Mdsx Average -0.64 -0.8711.44 420.26-0.72-0.9611.33 416.21<BR>Hensall -0.65 11.43 419.89-0.73 11.32 415.85<BR>Bruce -0.65 11.43 419.89-0.70 11.34 416.77<BR>Putnam -0.70 11.38 418.05-0.75 11.29 414.93<BR>Burford -0.63 11.45 420.62-0.73 11.31 415.66<BR>Port Perry -0.66 11.42 419.52-0.76 11.28 414.56<BR>Norfolk -0.50 11.58 425.40-0.66 11.38 418.24<BR>Palmerston -0.60 11.48 421.73-0.70 11.34 416.77<BR>Varna -0.70 11.38 418.05-0.75 11.29 414.93<BR>Trenton -0.65 11.43 419.89-0.60 11.44 420.44<BR>Winchester -0.55 11.53 423.56-0.45 11.59 425.95<BR>North Gower N/A N/A<BR>Huron FOB -0.50 11.58 425.40-0.70 11.34 416.77<BR>Kent FOB -0.55 11.53 423.56-0.72 11.32 416.03<BR>Lambton FOB -0.55 11.53 423.56-0.72 11.32 416.03<BR>Middlesex FOB-0.42-0.42-0.42-0.32 11.66 428.34-0.57 11.47 421.54</DIV>
<DIV> </DIV>
<DIV>PROCESSORS<BR>Hamilton -0.05-0.05-0.15-0.15 12.03 441.93-0.25 11.79 433.30<BR>Windsor -0.24-0.23-0.19-0.18 11.84 434.95-0.40 11.64 427.79<BR>Winchester -0.66 11.42 419.52-0.47 11.57 425.22</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.15 N/A N/A N/A 11.93 438.26-0.20 11.84 435.14<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 12.03 441.930.10 12.14 446.16</DIV>
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<DIV>Toledo El. -0.23 11.84 435.16-0.59 11.45 420.74</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.017 down 0.0040<BR>Chicago wheat closed slightly higher.<BR>MAR12 HI 6.54 1/2 JUL12 HI 6.90<BR> LOW 6.42 1/4 LOW 6.77<BR> CLOSE 6.52 3/4 Up 7 1/2 CLOSE 6.86 1/4 Up 6 1/2</DIV>
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<DIV>Minni wheat closed mixed.<BR>MAR12 HI 8.60 SEP12 HI 7.95 1/4<BR> LOW 8.46 LOW 7.85 1/2<BR> CLOSE 8.49 1/2 Down 5 3/4 CLOSE 7.90 1/4 Up 2 1/2</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 -0.08 0.79 0.18 -0.24<BR>CAD $/bu 6.45 7.32 6.70 8.25<BR>CAD $/tonne 236.97 268.81 246.34 303.17</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 0.55 0.00 N/A N/A 0.60 -0.20 N/A<BR>London -0.17 0.54 -0.07 N/A N/A 0.50 -0.27 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 -0.18 N/A N/A N/A -0.36 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 -0.26 N/A<BR>Brigden N/A 0.50 0.00 N/A N/A 0.64 -0.26 N/A<BR>Palmerston N/A 0.79 -0.03 -0.23 N/A 0.56 -0.26 -0.13<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 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 N/A N/A N/A N/A -0.27 N/A<BR>Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A</DIV>
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<DIV>PROCESSORS<BR>Toledo FM N/A 0.84 0.43N/A 0.24 1.16 0.44N/A</DIV>
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<DIV>Toledo El. 6.50US 6.62CA 6.83US 6.97CA</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 0.04 0.85 -0.17 0.21<BR>CAD $/bu 6.90 7.72 6.70 8.11<BR>CAD $/tonne 253.50 283.49 246.00 298.11</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 280.00 - 295.00<BR>Bayport Oats 310.00<BR>Bayport Barley 280.00<BR>FOB Hm Soymeal 372.70 - 374.90<BR>DDG's FOB Srn, Wndr, Aylm 170.00 - 178.00<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>