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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 9<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 0.9972 up 0.0044<BR>Chicago corn closed moderately lower to steady.</DIV>
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<DIV> MAY12 HI 6.64 1/4 DEC12 HI 5.56<BR> LOW 6.48 1/2 LOW 5.45 1/2<BR> CLOSE6.49 Down 9 1/4 CLOSE 5.50 1/4 Unchanged</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 5.94 233.85 -0.75 4.75 187.10<BR>CK High -0.50 5.99 235.82 -0.70 4.80 189.07<BR>CK Avg -0.54 -0.53 5.95 234.18 -0.74 -0.73 4.76 187.43<BR>Essex Cty -0.65 5.84 229.91 -0.75 4.75 187.10<BR>Mdsx Low -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Mdsx High -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Mdsx Avg -0.55 -0.54 5.94 233.85 -0.75 -0.74 4.75 187.10<BR>Hensall -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Bruce -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Putnam -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Burford -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Port Perry -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Norfolk -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Palmerston -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Varna -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Trenton -0.35 6.14 241.72 -0.75 4.75 187.10<BR>Winchester -0.20 6.29 247.63 -0.60 4.90 193.00<BR>North Gower -0.41 6.08 239.36 -0.70 4.80 189.07<BR>Huron FOB -0.50 5.99 235.82 -0.70 4.80 189.07<BR>Kent FOB -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Lamb FOB -0.55 5.94 233.85 -0.75 4.75 187.10<BR>Mdsx FOB -0.50 -0.30 -0.25N/A 5.99 235.82 -0.75 4.75 187.10<BR>FOB SW Que -0.05 6.44 253.53 -0.40 5.10 200.88<BR>Track -0.18 6.32 248.61N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.55 4.95 194.97<BR>Jhnstwn-Eth N/A N/A N/A N/A -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 -0.02 6.47 254.71</DIV>
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<DIV>US Rep 0.55 0.55 7.04 277.15<BR>Toledo El. 0.09 6.58 259.04 -0.38 5.12 201.70</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton -0.37 6.12241 -0.44 5.06199 1/3</DIV>
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<DIV>MID SD CRN -0.52 1/2 5.96 1/2<BR>HI SD CRN -0.50 5.99<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9972 up 0.0044<BR>Chicago soybeans closed narrowly mixed.</DIV>
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<DIV> MAY12 HI 14.46 3/4 NOV12 HI 13.95 1/4<BR> LOW 14.23 1/2 LOW 13.76 1/2<BR> CLOSE14.31 Down 3 CLOSE 13.82 Up 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 -0.95 13.36 490.90-0.96 12.86 472.52<BR>CK High -0.84 13.47 494.94-0.80 13.02 478.40<BR>CK Average -0.88 -0.8513.43 493.41-0.90-0.8712.92 474.73<BR>Essex Cty -0.68 13.63 500.82-0.72 13.10 481.34<BR>Mdsx Low -0.90 13.41 492.73-0.93 12.89 473.63<BR>Mdsx High -0.85 13.46 494.57-0.90 12.92 474.73<BR>Mdsx Average -0.88 -0.8413.44 493.65-0.92-0.8812.91 474.18<BR>Hensall -0.85 13.46 494.57-0.90 12.92 474.73<BR>Bruce -0.85 13.46 494.57-0.90 12.92 474.73<BR>Putnam -0.95 13.36 490.90-0.95 12.87 472.89<BR>Burford -0.87 13.44 493.84-0.90 12.92 474.73<BR>Port Perry -0.93 13.38 491.63-0.96 12.86 472.52<BR>Norfolk -0.80 13.51 496.41-0.84 12.98 476.93<BR>Palmerston -0.85 13.46 494.57-0.90 12.92 474.73<BR>Varna -0.85 13.46 494.57-0.90 12.92 474.73<BR>Trenton -0.96 13.35 490.53-0.86 12.96 476.20<BR>Winchester -0.86 13.45 494.20-0.76 13.06 479.87<BR>North Gower -0.99 13.32 489.43-0.78 13.04 479.14<BR>Huron FOB -0.75 13.56 498.24-0.80 13.02 478.40<BR>Kent FOB -0.84 13.47 494.94-0.89 12.93 475.10<BR>Lambton FOB -0.84 13.47 494.94-0.89 12.93 475.10<BR>Middlesex FOB-0.74-0.74-0.71-0.71 13.57 498.61-0.75 13.07 480.24</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.35-0.30-36.0-0.25 13.96 512.94-0.30 13.52 496.77<BR>Windsor -0.45-45.0-0.40-0.37 13.86 509.27-0.49 13.33 489.79<BR>Winchester -0.86 13.45 494.20-0.63 13.19 484.65</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.35 N/A N/A N/A 13.96 512.94-0.45 13.37 491.26<BR>Pt. Stanley N/A N/A<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.40 13.91 511.11-0.25 13.57 498.61</DIV>
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<DIV>Toledo El. -0.25 14.06 516.64-0.33 13.49 495.70</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 0.9972 up 0.0044<BR>Chicago wheat closed slightly higher.<BR>MAY12 HI 6.49 JUL12 HI 6.55 1/4<BR> LOW 6.36 1/2 LOW 6.44 1/4<BR> CLOSE 6.43 Up 4 1/2 CLOSE 6.49 Up 2 3/4</DIV>
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<DIV>Minni wheat closed slightly higher.<BR>MAY12 HI 8.50 1/2 SEP12 HI 8.30 1/4<BR> LOW 8.41 LOW 8.22<BR> CLOSE 8.47 Up 1 CLOSE 8.26 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 -0.11 0.63 -0.01 -0.47<BR>CAD $/bu 6.32 7.06 6.42 8.00<BR>CAD $/tonne 232.05 259.55 235.72 294.01</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 0.20 -0.40 N/A N/A 0.20 -0.45 N/A<BR>London -0.20 0.30 -0.30 N/A 0.02 0.32 -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 -0.41 N/A N/A N/A -0.50 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 0.44 -0.31 -0.25 N/A 0.40 -0.40 -0.69<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 -1.24 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 -0.10 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 0.28N/A 0.53 0.98 0.38N/A</DIV>
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<DIV>Toledo El. 6.47US 6.46CA 6.61US 6.59CA</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 0.13 0.68 -0.06 -0.47<BR>CAD $/bu 6.62 7.17 6.43 7.79<BR>CAD $/tonne 243.42 263.58 236.09 286.40</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 446.22 - 452.84<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>