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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, April 5<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9928 down 0.0034<BR>Chicago corn closed slightly higher.</DIV>
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<DIV> MAY12 HI 6.63 1/4 DEC12 HI 5.50 3/4<BR> LOW 6.54 3/4 LOW 5.41<BR> CLOSE6.58 1/4 Up 1 1/2 CLOSE 5.50 1/4 Up 6</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 4.75 187.10<BR>CK High -0.50 6.08 239.46 -0.70 4.80 189.07<BR>CK Avg -0.54 -0.51 6.04 237.88 -0.74 -0.71 4.76 187.49<BR>Essex Cty -0.65 5.93 233.55 -0.75 4.75 187.10<BR>Mdsx Low -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Mdsx High -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Mdsx Avg -0.55 -0.52 6.03 237.49 -0.75 -0.72 4.75 187.10<BR>Hensall -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Bruce -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Putnam -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Burford -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Port Perry -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Norfolk -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Palmerston -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Varna -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Trenton -0.35 6.23 245.36 -0.75 4.75 187.10<BR>Winchester -0.20 6.38 251.27 -0.60 4.90 193.00<BR>North Gower -0.41 6.17 243.00 -0.70 4.80 189.07<BR>Huron FOB -0.50 6.08 239.46 -0.70 4.80 189.07<BR>Kent FOB -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Lamb FOB -0.55 6.03 237.49 -0.75 4.75 187.10<BR>Mdsx FOB -0.50 -0.30 -0.25N/A 6.08 239.46 -0.75 4.75 187.10<BR>FOB SW Que -0.10 6.48 255.20 -0.40 5.10 200.88<BR>Track -0.18 6.41 252.25N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.55 4.95 194.97<BR>Jhnstwn-Eth 0.15 0.15 0.20 0.55 6.73 265.05 -0.35 5.15 202.84<BR>Aylmer-Eth N/A -0.40 -0.35 0.30 -0.60 4.90 193.00<BR>Sarn-Eth N/A -0.25 -0.30N/A N/A<BR>Cllngwd-Eth N/A -0.10 -0.25N/A -0.30* 5.20 204.81<BR>London-Cas N/A N/A N/A 0.45 -0.50 5.00 196.94<BR>Pt.Colb-Cas N/A N/A N/A 0.50 -0.45 5.05 198.91<BR>Cardnl-Cas N/A N/A 0.15 0.55 -0.45 5.05 198.91<BR>W O Feed -0.02 -0.01 6.56 258.35</DIV>
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<DIV>US Rep 0.55 0.56 7.13 280.79<BR>Toledo El. 0.09 6.67 262.67 -0.38 5.12 201.73</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 4.94194 4/7</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 0.9928 down 0.0034<BR>Chicago soybeans closed slightly to moderately higher.</DIV>
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<DIV> MAY12 HI 14.34 1/4 NOV12 HI 13.84<BR> LOW 14.14 3/4 LOW 13.70 1/4<BR> CLOSE14.34 Up 14 1/2 CLOSE 13.81 1/2 Up 6</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 -1.00 13.34 490.16-1.00 12.82 470.87<BR>CK High -0.90 13.44 493.84-0.90 12.92 474.55<BR>CK Average -0.96 -0.9013.38 491.48-0.97-0.9012.85 472.05<BR>Essex Cty -0.72 13.62 500.45-0.76 13.06 479.69<BR>Mdsx Low -1.00 13.34 490.16-1.06 12.76 468.67<BR>Mdsx High -0.96 13.38 491.63-1.00 12.82 470.87<BR>Mdsx Average -0.98 -0.9113.36 490.90-1.03-0.9712.79 469.77<BR>Hensall -0.93 13.42 492.92-0.95 12.87 472.71<BR>Bruce -1.00 13.34 490.16-1.00 12.82 470.87<BR>Putnam -0.95 13.39 492.00-0.95 12.87 472.71<BR>Burford -0.91 13.43 493.47-0.93 12.89 473.44<BR>Port Perry -0.97 13.37 491.26-0.99 12.83 471.24<BR>Norfolk -0.90 13.44 493.84-0.94 12.88 473.08<BR>Palmerston -0.85 13.49 495.67-0.95 12.87 472.71<BR>Varna -0.85 13.49 495.67-0.90 12.92 474.55<BR>Trenton -1.06 13.28 487.96-0.83 12.99 477.12<BR>Winchester -0.96 13.38 491.63-0.73 13.09 480.79<BR>North Gower -0.99 13.35 490.53-0.78 13.04 478.95<BR>Huron FOB -0.75 13.59 499.35-0.80 13.02 478.22<BR>Kent FOB -0.94 13.40 492.37-0.99 12.83 471.24<BR>Lambton FOB -0.94 13.40 492.37-0.99 12.83 471.24<BR>Middlesex FOB-0.78-0.78-0.73-0.73 13.56 498.24-0.83 12.99 477.12</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.45-0.40-0.40-0.35 13.89 510.37-0.30 13.52 496.59<BR>Windsor -0.49-0.79-0.44-0.41 13.85 508.90-0.53 13.29 488.14<BR>Winchester -0.85 13.49 495.67-0.65 13.17 483.73</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.50 N/A N/A N/A 13.84 508.53-0.45 13.37 491.08<BR>Pt. Stanley N/A N/A<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.50 13.84 508.53-0.25 13.57 498.43</DIV>
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<DIV>Toledo El. -0.25 14.09 517.76-0.33 13.49 495.55</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9928 down 0.0034<BR>Chicago wheat closed slightly lower.<BR>MAY12 HI 6.50 JUL12 HI 6.59<BR> LOW 6.36 LOW 6.45<BR> CLOSE 6.38 1/2 Down 3/4 CLOSE 6.46 1/4 Down 3 1/2</DIV>
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<DIV>Minni wheat closed mixed.<BR>MAY12 HI 8.58 1/2 SEP12 HI 8.35<BR> LOW 8.42 1/4 LOW 8.22 3/4<BR> CLOSE 8.46 Up 1/4 CLOSE 8.24 1/4 Down 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 -0.13 0.62 -0.03 -0.49<BR>CAD $/bu 6.26 7.00 6.36 7.97<BR>CAD $/tonne 229.85 257.28 233.51 292.94</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 0.20 -0.45 N/A<BR>London -0.23 0.27 -0.33 N/A -0.02 0.28 -0.47 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 -0.38 N/A N/A N/A -0.51 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 -0.43 N/A N/A 0.25 -0.52 N/A<BR>Brigden N/A N/A -0.43 N/A N/A 0.25 -0.52 N/A<BR>Palmerston N/A 0.47 -0.27 -0.42 N/A 0.43 -0.36 -0.76<BR>Varna 0.10 0.40 -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 -1.32 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 -0.54</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 0.27N/A 0.52 0.97 0.37N/A</DIV>
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<DIV>Toledo El. 6.43US 6.39CA 6.58US 6.55CA</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 0.12 0.67 -0.08 -0.49<BR>CAD $/bu 6.58 7.13 6.38 7.76<BR>CAD $/tonne 241.83 261.95 234.52 284.99</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 449.64 - 452.95<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>