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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, April 3<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.991 down 0.0007<BR>Chicago corn closed mixed.</DIV>
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<DIV> MAY12 HI 6.65 3/4 DEC12 HI 5.48 3/4<BR> LOW 6.52 LOW 5.43<BR> CLOSE6.58 1/4 Up 3 1/4 CLOSE 5.45 1/2 Up 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 +MAY12+JUL12+SEP12<BR>CK Low -0.55 6.03 237.49 -0.75 4.71 185.23<BR>CK High -0.50 6.08 239.46 -0.70 4.76 187.20<BR>CK Avg -0.54 -0.50 6.04 237.82 -0.74 -0.70 4.72 185.62<BR>Essex Cty -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Mdsx Low -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Mdsx High -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Mdsx Avg -0.55 -0.50 6.03 237.49 -0.75 -0.71 4.71 185.23<BR>Hensall -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Bruce -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Putnam -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Burford -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Port Perry -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Norfolk -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Palmerston -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Varna -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Trenton -0.35 6.23 245.36 -0.75 4.71 185.23<BR>Winchester -0.20 6.38 251.27 -0.60 4.86 191.13<BR>North Gower -0.41 6.17 243.00 -0.70 4.76 187.20<BR>Huron FOB -0.45 6.13 241.43 -0.70 4.76 187.20<BR>Kent FOB -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Lamb FOB -0.55 6.03 237.49 -0.75 4.71 185.23<BR>Mdsx FOB -0.50 -0.30 -0.25N/A 6.08 239.46 -0.75 4.71 185.23<BR>FOB SW Que -0.10 6.48 255.20 -0.45 5.01 197.04<BR>Track -0.13 6.46 254.22N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.55 4.91 193.10<BR>Jhnstwn-Eth 0.15 0.15 0.20 0.55 6.73 265.05 -0.35 5.11 200.97<BR>Aylmer-Eth N/A -0.40 -0.35 0.30 -0.60 4.86 191.13<BR>Sarn-Eth N/A -0.25 -0.30N/A N/A<BR>Cllngwd-Eth N/A -0.10 -0.25N/A -0.30* 5.16 202.94<BR>London-Cas N/A N/A N/A 0.45 -0.50 4.96 195.07<BR>Pt.Colb-Cas N/A N/A N/A 0.50 -0.45 5.01 197.04<BR>Cardnl-Cas N/A N/A 0.15 0.55 -0.45 5.01 197.04<BR>W O Feed -0.02 -0.01 6.56 258.35</DIV>
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<DIV>US Rep 0.50 0.51 7.08 278.83<BR>Toledo El. 0.09 6.67 262.66 -0.38 5.08 199.90</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton -0.39 6.19243 4/5 -0.56 4.90192 5/7</DIV>
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<DIV>MID SD CRN -0.52 1/2 6.05 3/4<BR>HI SD CRN -0.50 6.08 1/4<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.991 down 0.0007<BR>Chicago soybeans closed slightly lower.</DIV>
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<DIV> MAY12 HI 14.34 1/4 NOV12 HI 13.96 1/2<BR> LOW 14.14 LOW 13.75<BR> CLOSE14.16 3/4 Down 4 1/4 CLOSE 13.78 3/4 Down 6 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 +MAY1+JUL1+JUL12<BR>CK Low -0.96 13.21 485.29-1.00 12.79 469.86<BR>CK High -0.86 13.31 488.97-0.90 12.89 473.53<BR>CK Average -0.93 -0.8313.24 486.58-0.97-0.8712.82 471.02<BR>Essex Cty -0.72 13.45 494.11-0.78 13.01 477.94<BR>Mdsx Low -1.03 13.14 482.72-0.98 12.81 470.60<BR>Mdsx High -0.95 13.22 485.66-0.95 12.84 471.70<BR>Mdsx Average -0.99 -0.8913.18 484.19-0.97-0.8712.82 471.15<BR>Hensall -0.90 13.27 487.50-0.93 12.86 472.62<BR>Bruce -0.95 13.22 485.66-1.00 12.79 469.86<BR>Putnam -0.95 13.22 485.66-0.95 12.84 471.70<BR>Burford -1.00 13.17 483.82-0.95 12.84 471.70<BR>Port Perry -1.06 13.11 481.62-1.01 12.78 469.49<BR>Norfolk -0.82 13.35 490.44-0.95 12.84 471.70<BR>Palmerston -0.85 13.32 489.33-0.90 12.89 473.53<BR>Varna -0.80 13.37 491.17-0.85 12.94 475.37<BR>Trenton -1.07 13.10 481.25-0.86 12.93 475.00<BR>Winchester -0.98 13.19 484.56-0.76 13.03 478.68<BR>North Gower -0.99 13.18 484.19-0.83 12.96 476.11<BR>Huron FOB -0.70 13.47 494.85-0.80 12.99 477.21<BR>Kent FOB -0.86 13.31 488.97-1.00 12.79 469.86<BR>Lambton FOB -0.86 13.31 488.97-1.00 12.79 469.86<BR>Middlesex FOB-0.95-0.87-0.82-0.77 13.22 485.66-0.85 12.94 475.37</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.40-0.35-0.30-0.20 13.77 505.87-0.40 13.39 491.91<BR>Windsor -0.49-0.44-0.43-0.43 13.68 502.56-0.55 13.24 486.39<BR>Winchester -0.90 13.27 487.50-0.85 12.94 475.37</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.50 N/A N/A N/A 13.67 502.19-0.45 13.34 490.07<BR>Pt. Stanley N/A N/A<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.55 13.62 500.36-0.30 13.49 495.58</DIV>
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<DIV>Toledo El. -0.21 13.96 512.90-0.33 13.46 494.56</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.991 down 0.0007<BR>Chicago wheat closed narrowly mixed.<BR>MAY12 HI 6.59 JUL12 HI 6.70<BR> LOW 6.49 1/2 LOW 6.59<BR> CLOSE 6.58 Up 1 CLOSE 6.69 Down 1/2</DIV>
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<DIV>Minni wheat closed slightly higher.<BR>MAY12 HI 8.52 SEP12 HI 8.34 1/2<BR> LOW 8.42 1/2 LOW 8.26 3/4<BR> CLOSE 8.50 1/4 Up 1 CLOSE 8.33 1/4 Up 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 -0.15 0.65 0.00 -0.56<BR>CAD $/bu 6.43 7.23 6.58 7.95<BR>CAD $/tonne 236.42 265.61 241.89 291.97</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 N/A N/A N/A N/A 0.25 -0.45 N/A<BR>London -0.26 0.34 -0.30 N/A -0.03 0.37 -0.43 N/A<BR>Hensall -0.35 N/A -0.35 N/A 0.05 N/A -0.45 N/A<BR>Trenton N/A N/A N/A N/A N/A N/A -0.50 N/A<BR>Winchester N/A N/A N/A N/A N/A N/A N/A 0.10<BR>Essex N/A N/A -0.44 N/A N/A N/A -0.52 N/A<BR>Norwich -0.35 N/A -0.35 N/A 0.05 N/A -0.45 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.35 N/A -0.35 N/A 0.05 N/A -0.50 N/A<BR>Chatham N/A N/A -0.44 N/A N/A 0.27 -0.53 N/A<BR>Brigden N/A N/A -0.44 N/A N/A 0.27 -0.53 N/A<BR>Palmerston N/A 0.44 -0.30 -0.46 N/A 0.40 -0.39 -0.79<BR>Varna 0.10 N/A -0.40 N/A 0.10 0.40 -0.45 N/A<BR>Mitchell -0.35 -0.05 -0.35 N/A 0.05 0.35 -0.45 N/A<BR>Thornton N/A N/A N/A -1.13 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 -0.64</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 0.00 N/A N/A N/A 0.00 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 N/A 0.25N/A 0.50 0.95 0.35N/A</DIV>
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<DIV>Toledo El. 6.65US 6.60CA 6.81US 6.76CA</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 0.05 0.70 -0.15 -0.46<BR>CAD $/bu 6.74 7.39 6.54 7.88<BR>CAD $/tonne 247.73 271.45 240.43 289.41</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 310.00<BR>Bayport Oats 335.00<BR>Bayport Barley 300.00<BR>FOB Hm Soymeal 442.59 - 444.79<BR>DDG's FOB Srn, Wndr, Aylm 192.00 - 220.00<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>