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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 11<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0039 up 0.0011<BR>Chicago corn closed slightly higher.</DIV>
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<DIV> MAY12 HI 6.39 3/4 DEC12 HI 5.48 1/4<BR> LOW 6.31 LOW 5.41<BR> CLOSE6.36 Up 1 1/4 CLOSE 5.46 3/4 Up 3 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 +MAY12+JUL12+SEP12<BR>CK Low -0.55 5.81 228.73 -0.75 4.72 185.72<BR>CK High -0.50 5.86 230.70 -0.70 4.77 187.69<BR>CK Avg -0.54 -0.58 5.82 229.06 -0.74 -0.77 4.73 186.05<BR>Essex Cty -0.65 5.71 224.79 -0.75 4.72 185.72<BR>Mdsx Low -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Mdsx High -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Mdsx Avg -0.55 -0.58 5.81 228.73 -0.75 -0.78 4.72 185.72<BR>Hensall -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Bruce -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Putnam -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Burford -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Port Perry -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Norfolk -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Palmerston -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Varna -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Trenton -0.35 6.01 236.60 -0.75 4.72 185.72<BR>Winchester -0.20 6.16 242.51 -0.60 4.87 191.63<BR>North Gower -0.36 6.00 236.21 -0.70 4.77 187.69<BR>Huron FOB -0.50 5.86 230.70 -0.70 4.77 187.69<BR>Kent FOB -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Lamb FOB -0.55 5.81 228.73 -0.75 4.72 185.72<BR>Mdsx FOB -0.50 -0.30 -0.25N/A 5.86 230.70 -0.75 4.72 185.72<BR>FOB SW Que -0.10 6.26 246.45 -0.40 5.07 199.50<BR>Track -0.18 6.19 243.49N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A -0.55 4.92 193.59<BR>Jhnstwn-Eth N/A N/A N/A N/A -0.35 5.12 201.47<BR>Aylmer-Eth N/A -0.40 -0.35 0.30 -0.60 4.87 191.63<BR>Sarn-Eth N/A -0.25 -0.30N/A N/A<BR>Cllngwd-Eth N/A -0.10 -0.25N/A -0.30* 5.17 203.44<BR>London-Cas N/A N/A N/A 0.55 -0.50 4.97 195.56<BR>Pt.Colb-Cas N/A N/A N/A 0.60 -0.45 5.02 197.53<BR>Cardnl-Cas N/A N/A 0.15 0.60 -0.45 5.02 197.53<BR>W O Feed -0.02 -0.02 6.34 249.59</DIV>
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<DIV>US Rep 0.65 0.65 7.01 275.97<BR>Toledo El. 0.09 6.45 253.94 -0.38 5.09 200.21</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton -0.35 6.01236 3/5 -0.41 5.06199 1/9</DIV>
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<DIV>MID SD CRN -0.52 1/2 5.83 1/2<BR>HI SD CRN -0.50 5.86<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0039 up 0.0011<BR>Chicago soybeans closed slightly lower.</DIV>
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<DIV> MAY12 HI 14.31 1/4 NOV12 HI 13.69 3/4<BR> LOW 14.15 LOW 13.55<BR> CLOSE14.22 Down 4 CLOSE 13.59 Down 5 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 +MAY1+JUL1+JUL12<BR>CK Low -0.85 13.37 491.26-0.90 12.69 466.28<BR>CK High -0.80 13.42 493.10-0.80 12.79 469.95<BR>CK Average -0.83 -0.9113.39 491.88-0.86-0.9312.73 467.75<BR>Essex Cty -0.57 13.65 501.55-0.62 12.97 476.57<BR>Mdsx Low -0.85 13.37 491.26-0.90 12.69 466.28<BR>Mdsx High -0.81 13.41 492.73-0.87 12.72 467.38<BR>Mdsx Average -0.83 -0.9113.39 492.00-0.89-0.9612.71 466.83<BR>Hensall -0.85 13.37 491.26-0.90 12.69 466.28<BR>Bruce -0.85 13.37 491.26-0.90 12.69 466.28<BR>Putnam -0.95 13.27 487.59-0.95 12.64 464.44<BR>Burford -0.78 13.44 493.84-0.84 12.75 468.48<BR>Port Perry -0.84 13.38 491.63-0.90 12.69 466.28<BR>Norfolk -0.77 13.45 494.20-0.81 12.78 469.58<BR>Palmerston -0.85 13.37 491.26-0.90 12.69 466.28<BR>Varna -0.85 13.37 491.26-0.90 12.69 466.28<BR>Trenton -0.92 13.30 488.69-0.80 12.79 469.95<BR>Winchester -0.82 13.40 492.37-0.70 12.89 473.63<BR>North Gower -0.84 13.38 491.63-0.78 12.81 470.69<BR>Huron FOB -0.75 13.47 494.94-0.80 12.79 469.95<BR>Kent FOB -0.81 13.41 492.73-0.86 12.73 467.75<BR>Lambton FOB -0.81 13.41 492.73-0.86 12.73 467.75<BR>Middlesex FOB-0.59-0.59-0.57-0.57 13.63 500.82-0.64 12.95 475.83</DIV>
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<DIV>PROCESSORS<BR>Hamilton -0.30-0.25-0.25-0.20 13.92 511.47-0.25 13.34 490.16<BR>Windsor -0.34-0.34-0.29-0.26 13.88 510.00-0.39 13.20 485.02<BR>Winchester -0.71 13.51 496.41-0.60 12.99 477.30</DIV>
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<DIV>TRANSFER<BR>Hamilton -0.25 N/A N/A N/A 13.97 513.31-0.25 13.34 490.16<BR>Pt. Stanley N/A N/A<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC -0.30 13.92 511.47-0.15 13.44 493.84</DIV>
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<DIV>Toledo El. -0.22 14.00 514.37-0.33 13.26 487.16</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0039 up 0.0011<BR>Chicago wheat closed slightly higher.<BR>MAY12 HI 6.33 3/4 JUL12 HI 6.40<BR> LOW 6.19 3/4 LOW 6.26 3/4<BR> CLOSE 6.28 Up 2 1/4 CLOSE 6.33 1/2 Up 1 1/2</DIV>
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<DIV>Minni wheat closed slightly higher.<BR>MAY12 HI 8.48 1/2 SEP12 HI 8.24 1/4<BR> LOW 8.30 1/4 LOW 8.10<BR> CLOSE 8.38 1/4 Up 4 1/2 CLOSE 8.18 3/4 Up 4 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 -0.07 0.69 0.03 -0.41<BR>CAD $/bu 6.21 6.97 6.31 7.97<BR>CAD $/tonne 228.29 255.99 231.98 293.02</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 -0.45 N/A N/A 0.20 -0.45 N/A<BR>London -0.28 0.32 -0.33 N/A 0.03 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 -0.55 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 -0.36 N/A N/A N/A -0.45 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 0.28 -0.50 N/A<BR>Brigden N/A N/A -0.43 N/A N/A 0.28 -0.50 N/A<BR>Palmerston N/A 0.50 -0.26 -0.20 N/A 0.45 -0.35 -0.65<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 -1.23 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 -0.05 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 0.34N/A 0.59 1.04 0.44N/A</DIV>
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<DIV>Toledo El. 6.32US 6.35CA 6.46US 6.49CA</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 0.18 0.74 -0.02 -0.41<BR>CAD $/bu 6.52 7.07 6.32 7.78<BR>CAD $/tonne 239.55 259.87 232.16 285.82</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 445.12 - 450.63<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>