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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 15<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0244 down 0.0003<BR>Chicago corn closed moderately lower to lower.</DIV>
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<DIV> JUL12 HI 6.05 DEC12 HI 5.20<BR> LOW 5.79 1/4 LOW 5.06<BR> CLOSE5.83 1/4 Down 18 1/4 CLOSE 5.06 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 5.63 221.74 -0.65 4.41 173.61<BR>CK High -0.10 5.73 225.68 -0.60 4.46 175.58<BR>CK Avg -0.15 -0.30 5.68 223.71 -0.63 -0.75 4.44 174.60<BR>Essex Cty -0.10 5.73 225.68 -0.70 4.36 171.65<BR>Mdsx Low -0.15 5.68 223.71 -0.65 4.41 173.61<BR>Mdsx High -0.15 5.68 223.71 -0.60 4.46 175.58<BR>Mdsx Avg -0.15 -0.30 5.68 223.71 -0.63 -0.75 4.44 174.60<BR>Hensall -0.13 5.71 224.69 -0.60 4.46 175.58<BR>Bruce -0.15 5.68 223.71 -0.60 4.46 175.58<BR>Putnam -0.15 5.68 223.71 -0.60 4.46 175.58<BR>Burford -0.15 5.68 223.71 -0.65 4.41 173.61<BR>Port Perry -0.15 5.68 223.71 -0.65 4.41 173.61<BR>Norfolk -0.15 5.68 223.71 -0.65 4.41 173.61<BR>Palmerston -0.15 5.68 223.71 -0.60 4.46 175.58<BR>Varna -0.10 5.73 225.68 -0.55 4.51 177.55<BR>Trenton 0.20 6.03 237.49 -0.60 4.46 175.58<BR>Winchester 0.20 6.03 237.49 -0.50 4.56 179.52<BR>North Gower 0.00 5.83 229.62 -0.60 4.46 175.58<BR>Huron FOB -0.05 5.78 227.65 -0.60 4.46 175.58<BR>Kent FOB -0.15 5.68 223.71 -0.65 4.41 173.61<BR>Lamb FOB -0.15 5.68 223.71 -0.65 4.41 173.61<BR>Mdsx FOB -0.15N/A N/A N/A 5.68 223.71 -0.65 4.41 173.61<BR>FOB SW Que 0.35 6.18 243.39 -0.35 4.71 185.42<BR>Track 0.25 6.08 239.46N/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 4.81 189.36<BR>Aylmer-Eth -0.25 0.30 0.35 0.55 5.58 219.77 -0.60 4.46 175.58<BR>Sarn-Eth N/A 0.70 0.75 0.85 N/A<BR>Cllngwd-Eth -0.10N/A N/A N/A 5.73 225.68-0.30* 4.76 187.39<BR>London-Cas N/A N/A 0.85 0.95 -0.50 4.56 179.52<BR>Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 4.61 181.49<BR>Cardnl-Cas N/A N/A 1.15 1.00 -0.45 4.61 181.49<BR>W O Feed 0.21 0.18 6.04 237.88</DIV>
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<DIV>US Rep 0.95 0.92 6.78 267.02<BR>Toledo El. 0.37 6.20 244.15 -0.34 4.72 185.88</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton 0.15 5.98235 1/2 -0.37 4.69184 2/3</DIV>
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<DIV>MID SD CRN -0.62 1/2 4.43 1/2<BR>HI SD CRN -0.60 4.46<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0244 down 0.0003<BR>Chicago soybeans closed mixed.</DIV>
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<DIV> JUL12 HI 14.01 1/2 NOV12 HI 13.18<BR> LOW 13.70 3/4 LOW 13.08 3/4<BR> CLOSE13.79 3/4 Down 6 1/4 CLOSE 13.14 Up 5 1/4</DIV>
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<DIV> OLD CROP NEW CROP<BR>Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt<BR>ELEVATORS +JUL1+AUG1+NOV12<BR>CK Low -0.37 13.43 493.38-0.40 12.74 468.11<BR>CK High -0.24 13.56 498.15-0.30 12.84 471.79<BR>CK Average -0.30 -0.6513.49 495.83-0.37-0.7012.77 469.16<BR>Essex Cty -0.24 13.56 498.15-0.22 12.92 474.73<BR>Mdsx Low -0.31 13.49 495.58-0.35 12.79 469.95<BR>Mdsx High -0.29 13.51 496.32-0.35 12.79 469.95<BR>Mdsx Average -0.30 -0.6513.50 495.95-0.35-0.6812.79 469.95<BR>Hensall -0.30 13.50 496.13-0.35 12.79 469.95<BR>Bruce -0.29 13.51 496.32-0.35 12.79 469.95<BR>Putnam -0.29 13.51 496.32-0.35 12.79 469.95<BR>Burford -0.34 13.46 494.48-0.37 12.77 469.22<BR>Port Perry -0.34 13.46 494.48-0.38 12.76 468.85<BR>Norfolk -0.29 13.51 496.32-0.37 12.77 469.22<BR>Palmerston -0.19 13.61 499.99-0.35 12.79 469.95<BR>Varna -0.30 13.50 495.95-0.35 12.79 469.95<BR>Trenton -0.35 13.45 494.11-0.30 12.84 471.79<BR>Winchester -0.51 13.29 488.23-0.35 12.79 469.95<BR>North Gower -0.19 13.61 499.99-0.23 12.91 474.36<BR>Huron FOB -0.20 13.60 499.62-0.20 12.94 475.46<BR>Kent FOB -0.33 13.47 494.85-0.42 12.72 467.38<BR>Lambton FOB -0.33 13.47 494.85-0.42 12.72 467.38<BR>Middlesex FOB-0.22-0.21 N/A N/A 13.58 498.89-0.13 13.01 478.04</DIV>
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<DIV>PROCESSORS<BR>Hamilton 0.21 0.26 0.50 0.65 14.01 514.690.25 13.39 492.00<BR>Windsor -0.01-0.010.02 N/A 13.79 506.600.01 13.15 483.18<BR>Winchester -0.38 13.42 493.01-0.15 12.99 477.30</DIV>
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<DIV>TRANSFER<BR>Hamilton 0.05 N/A N/A N/A 13.85 508.810.35 13.49 495.67<BR>Pt. Stanley N/A N/A<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC 0.10 13.90 510.650.30 13.44 493.84</DIV>
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<DIV>Toledo El. -0.15 13.64 501.32-0.29 12.85 472.26</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0244 down 0.0003<BR>Chicago wheat closed moderately lower.<BR>JUL12 HI 6.27 3/4 JUL12 HI 6.27 3/4<BR> LOW 6.07 1/2 LOW 6.07 1/2<BR> CLOSE 6.12 1/2 Down 11 CLOSE 6.12 1/2 Down 11</DIV>
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<DIV>Minni wheat closed slightly to moderately lower.<BR>JUL12 HI 7.98 1/2 SEP12 HI 7.54<BR> LOW 7.85 1/2 LOW 7.40<BR> CLOSE 7.90 1/2 Down 3 3/4 CLOSE 7.43 1/4 Down 11 1/2</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 -0.05 0.72 0.00 -0.21<BR>CAD $/bu 6.07 6.84 6.13 7.69<BR>CAD $/tonne 223.20 251.45 225.08 282.72</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 0.30 -0.20 N/A<BR>London -0.24 0.22 -0.35 N/A 0.22 0.33 -0.34 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 N/A 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 0.27 -0.35 N/A<BR>Brigden N/A N/A N/A N/A N/A 0.27 -0.35 N/A<BR>Palmerston N/A 0.35 -0.25 -0.10 N/A 0.58 -0.26 -0.41<BR>Varna 0.45 0.55 -0.30 N/A 0.52 0.62 -0.26 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 -0.88 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 -0.09</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 0.31N/A 0.72 1.35 0.41N/A</DIV>
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<DIV>Toledo El. N/A 6.20US 6.35CA</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 0.36 0.77 -0.05 -0.33<BR>CAD $/bu 6.48 6.89 6.07 7.11<BR>CAD $/tonne 238.27 253.33 223.20 261.15</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<BR>Bayport Oats 320.00<BR>Bayport Barley 325.00<BR>FOB Hm Soymeal 501.89 - 505.20<BR>DDG's FOB Srn, Wndr, Aylm 205.00 - 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>