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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, June 11<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0283 down 0.0049<BR>Chicago corn closed slightly lower to lower.</DIV>
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<DIV> JUL12 HI 6.03 3/4 DEC12 HI 5.38<BR> LOW 5.88 3/4 LOW 5.31 1/2<BR> CLOSE5.92 Down 6 CLOSE 5.34 Down 10</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 +SEP12+SEP12+SEP12<BR>CK Low -0.20 5.72 225.19 -0.60 4.74 186.61<BR>CK High -0.05 5.87 231.09 -0.60 4.74 186.61<BR>CK Avg -0.09 -0.28 5.83 229.45 -0.60 -0.77 4.74 186.61<BR>Essex Cty -0.05 5.87 231.09 -0.70 4.64 182.67<BR>Mdsx Low -0.10 5.82 229.12 -0.60 4.74 186.61<BR>Mdsx High -0.05 5.87 231.09 -0.60 4.74 186.61<BR>Mdsx Avg -0.08 -0.27 5.85 230.11 -0.60 -0.77 4.74 186.61<BR>Hensall -0.10 5.82 229.12 -0.58 4.77 187.59<BR>Bruce -0.10 5.82 229.12 -0.60 4.74 186.61<BR>Putnam -0.10 5.82 229.12 -0.60 4.74 186.61<BR>Burford -0.05 5.87 231.09 -0.60 4.74 186.61<BR>Port Perry -0.05 5.87 231.09 -0.60 4.74 186.61<BR>Norfolk -0.10 5.82 229.12 -0.60 4.74 186.61<BR>Palmerston -0.15 5.77 227.15 -0.55 4.79 188.57<BR>Varna -0.10 5.82 229.12 -0.55 4.79 188.57<BR>Trenton 0.25 6.17 242.90 -0.60 4.74 186.61<BR>Winchester 0.20 6.12 240.93 -0.50 4.84 190.54<BR>North Gower 0.00 5.92 233.06 -0.60 4.74 186.61<BR>Huron FOB -0.05 5.87 231.09 -0.55 4.79 188.57<BR>Kent FOB -0.10 5.82 229.12 -0.60 4.74 186.61<BR>Lamb FOB -0.10 5.82 229.12 -0.60 4.74 186.61<BR>Mdsx FOB -0.05N/A N/A N/A 5.87 231.09 -0.60 4.74 186.61<BR>FOB SW Que 0.65 6.57 258.65 -0.30 5.04 198.42<BR>Track 0.28 6.20 243.89N/A<BR>PROCESSORS<BR>Chat-Eth N/A N/A N/A N/A N/A<BR>Jhnstwn-Eth N/A N/A N/A N/A -0.25 5.09 200.38<BR>Aylmer-Eth -0.25 0.30 0.35 0.55 5.67 223.22 -0.60 4.74 186.61<BR>Sarn-Eth N/A 0.70 0.75 0.85 N/A<BR>Cllngwd-Eth -0.10N/A N/A N/A 5.82 229.12-0.30* 5.04 198.42<BR>London-Cas N/A N/A 0.85 0.95 -0.50 4.84 190.54<BR>Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 4.89 192.51<BR>Cardnl-Cas N/A N/A 1.15 1.00 -0.45 4.89 192.51<BR>W O Feed 0.19 0.16 6.11 240.54</DIV>
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<DIV>US Rep 0.95 0.92 6.87 270.46<BR>Toledo El. 0.37 6.29 247.70 -0.34 5.00 196.81</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton 0.18 6.10240 1/7 -0.34 5.00196 5/6</DIV>
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<DIV>MID SD CRN -0.60 4.74<BR>HI SD CRN -0.60 4.74<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0283 down 0.0049<BR>Chicago soybeans closed slightly lower.</DIV>
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<DIV> JUL12 HI 14.45 1/2 NOV12 HI 13.49 1/4<BR> LOW 14.18 LOW 13.20 1/2<BR> CLOSE14.22 1/2 Down 3 3/4 CLOSE 13.25 Down 7 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 +JUL1+AUG1+NOV12<BR>CK Low -0.41 13.82 507.61-0.40 12.85 472.16<BR>CK High -0.15 14.08 517.17-0.25 13.00 477.67<BR>CK Average -0.20 -0.6714.02 515.21-0.34-0.7812.91 474.24<BR>Essex Cty -0.05 14.18 520.84-0.13 13.12 482.08<BR>Mdsx Low -0.38 13.85 508.72-0.35 12.90 473.99<BR>Mdsx High -0.10 14.13 519.00-0.31 12.94 475.46<BR>Mdsx Average -0.24 -0.7013.99 513.86-0.33-0.7612.92 474.73<BR>Hensall -0.10 14.13 519.00-0.30 12.95 475.83<BR>Bruce -0.10 14.13 519.00-0.35 12.90 473.99<BR>Putnam -0.10 14.13 519.00-0.30 12.95 475.83<BR>Burford -0.38 13.85 508.72-0.31 12.94 475.46<BR>Port Perry -0.41 13.82 507.61-0.34 12.91 474.36<BR>Norfolk -0.12 14.11 518.27-0.34 12.91 474.36<BR>Palmerston -0.10 14.13 519.00-0.25 13.00 477.67<BR>Varna -0.10 14.13 519.00-0.25 13.00 477.67<BR>Trenton -0.30 13.93 511.66-0.35 12.90 473.99<BR>Winchester -0.41 13.82 507.61-0.33 12.92 474.73<BR>North Gower -0.30 13.93 511.66-0.23 13.02 478.40<BR>Huron FOB 0.05 14.28 524.52-0.10 13.15 483.18<BR>Kent FOB -0.16 14.07 516.80-0.39 12.86 472.52<BR>Lambton FOB -0.16 14.07 516.80-0.39 12.86 472.52<BR>Middlesex FOB-0.26 N/A N/A N/A 13.97 513.13-0.11 13.14 482.81</DIV>
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<DIV>PROCESSORS<BR>Hamilton 0.10 0.20 0.50 0.65 14.33 526.350.25 13.50 496.04<BR>Windsor 0.18 0.19 N/A N/A 14.41 529.290.10 13.35 490.53<BR>Winchester -0.20 14.03 515.33-0.15 13.10 481.34</DIV>
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<DIV>TRANSFER<BR>Hamilton 0.15 N/A N/A N/A 14.38 528.190.30 13.55 497.88<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 14.53 533.700.50 13.75 505.23</DIV>
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<DIV>Toledo El. -0.15 14.07 516.99-0.29 12.96 476.23</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0283 down 0.0049<BR>Chicago wheat closed steady.<BR>JUL12 HI 6.42 1/4 JUL12 HI 6.42 1/4<BR> LOW 6.29 LOW 6.29<BR> CLOSE 6.30 1/4 Unchanged CLOSE 6.30 1/4 Unchanged</DIV>
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<DIV>Minni wheat closed mixed.<BR>JUL12 HI 7.86 1/2 SEP12 HI 7.70 3/4<BR> LOW 7.67 1/4 LOW 7.58 1/4<BR> CLOSE 7.76 Up 6 3/4 CLOSE 7.60 1/4 Down 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 0.00 0.77 0.05 -0.16<BR>CAD $/bu 6.30 7.08 6.35 7.60<BR>CAD $/tonne 231.55 260.00 233.44 279.26</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 0.40 -0.20 N/A<BR>London -0.33 0.23 -0.39 N/A 0.19 0.38 -0.32 N/A<BR>Hensall -0.20 N/A -0.20 N/A 0.45 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 -0.38<BR>Essex N/A N/A -0.36 N/A N/A N/A -0.36 N/A<BR>Norwich -0.20 N/A -0.25 N/A 0.45 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 -0.25 N/A -0.25 N/A 0.45 N/A -0.30 N/A<BR>Chatham N/A N/A N/A N/A N/A 0.40 -0.36 N/A<BR>Brigden N/A N/A N/A N/A N/A 0.40 -0.36 N/A<BR>Palmerston N/A 0.36 -0.25 -0.09 N/A -0.24 -0.21 -0.40<BR>Varna 0.45 0.55 -0.30 N/A 0.63 0.73 -0.20 N/A<BR>Mitchell -0.20 0.05 -0.20 N/A 0.45 0.60 -0.20 N/A<BR>Thornton N/A N/A N/A -0.83 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 -0.14</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 -0.05 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 0.36N/A 0.77 1.41 0.46N/A</DIV>
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<DIV>Toledo El. N/A 6.32US 6.53CA</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 0.41 0.83 0.00 -0.27<BR>CAD $/bu 6.71 7.13 6.30 7.33<BR>CAD $/tonne 246.72 261.90 231.55 269.49</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 325.00 - 330.00<BR>Bayport Oats 320.00<BR>Bayport Barley 325.00<BR>FOB Hm Soymeal 514.24 - 516.44<BR>DDG's FOB Srn, Wndr, Aylm 210.00 - 225.00<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>