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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 20<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0194 up 0.0016<BR>Chicago corn closed mixed.</DIV>
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<DIV> JUL12 HI 6.16 3/4 DEC12 HI 5.67 1/2<BR> LOW 6.05 LOW 5.52 1/2<BR> CLOSE6.10 Down 2 1/2 CLOSE 5.66 1/2 Up 3</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 -0.15 5.95 234.24 -0.65 5.02 197.43<BR>CK High -0.10 6.00 236.21 -0.65 5.02 197.43<BR>CK Avg -0.13 -0.27 5.97 234.90 -0.65 -0.78 5.02 197.43<BR>Essex Cty -0.09 6.01 236.60 -0.70 4.97 195.46<BR>Mdsx Low -0.15 5.95 234.24 -0.65 5.02 197.43<BR>Mdsx High -0.15 5.95 234.24 -0.65 5.02 197.43<BR>Mdsx Avg -0.15 -0.29 5.95 234.24 -0.65 -0.78 5.02 197.43<BR>Hensall -0.15 5.95 234.24 -0.65 5.02 197.43<BR>Bruce -0.15 5.95 234.24 -0.65 5.02 197.43<BR>Putnam -0.15 5.95 234.24 -0.65 5.02 197.43<BR>Burford -0.15 5.95 234.24 -0.65 5.02 197.43<BR>Port Perry -0.15 5.95 234.24 -0.65 5.02 197.43<BR>Norfolk -0.10 6.00 236.21 -0.65 5.02 197.43<BR>Palmerston -0.15 5.95 234.24 -0.60 5.07 199.40<BR>Varna -0.15 5.95 234.24 -0.55 5.12 201.37<BR>Trenton 0.20 6.30 248.02 -0.60 5.07 199.40<BR>Winchester 0.20 6.30 248.02 -0.50 5.17 203.34<BR>North Gower 0.01 6.11 240.54 -0.60 5.07 199.40<BR>Huron FOB N/A -0.60 5.07 199.40<BR>Kent FOB -0.10 6.00 236.21 -0.65 5.02 197.43<BR>Lamb FOB -0.10 6.00 236.21 -0.65 5.02 197.43<BR>Mdsx FOB -0.15N/A N/A N/A 5.95 234.24 -0.65 5.02 197.43<BR>FOB SW Que 0.10 6.20 244.08 -0.30 5.37 211.21<BR>Track 0.25 6.35 249.99N/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 -0.40 5.27 207.27<BR>Aylmer-Eth -0.25 0.30 0.35 0.55 5.85 230.30 -0.60 5.07 199.40<BR>Sarn-Eth N/A N/A 0.75 0.85 N/A<BR>Cllngwd-Eth -0.10N/A N/A N/A 6.00 236.21-0.30* 5.37 211.21<BR>London-Cas N/A N/A 0.85 0.95 -0.50 5.17 203.34<BR>Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 5.22 205.31<BR>Cardnl-Cas N/A N/A 1.15 1.00 -0.45 5.22 205.31<BR>W O Feed 0.26 0.24 6.36 250.38</DIV>
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<DIV>US Rep 0.70 0.68 6.80 267.70<BR>Toledo El. 0.37 6.47 254.63 -0.34 5.33 209.74</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton 0.21 6.31248 2/5 -0.39 5.28207 2/3</DIV>
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<DIV>MID SD CRN -0.65 5.01 1/2<BR>HI SD CRN -0.65 5.01 1/2<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0194 up 0.0016<BR>Chicago soybeans closed slightly to moderately higher.</DIV>
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<DIV> JUL12 HI 14.47 1/4 NOV12 HI 13.95 1/2<BR> LOW 14.26 1/4 LOW 13.82 1/2<BR> CLOSE14.43 1/4 Up 9 1/2 CLOSE 13.95 1/2 Up 11</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 -0.62 13.81 507.52-0.45 13.51 496.22<BR>CK High -0.29 14.14 519.65-0.35 13.61 499.90<BR>CK Average -0.41 -0.7314.02 515.18-0.42-0.7313.54 497.51<BR>Essex Cty -0.24 14.19 521.49-0.23 13.73 504.31<BR>Mdsx Low -0.40 14.03 515.61-0.42 13.54 497.33<BR>Mdsx High -0.39 14.04 515.97-0.40 13.56 498.06<BR>Mdsx Average -0.40 -0.7214.04 515.79-0.41-0.7213.55 497.69<BR>Hensall -0.42 14.01 514.87-0.40 13.56 498.06<BR>Bruce -0.39 14.04 515.97-0.40 13.56 498.06<BR>Putnam -0.39 14.04 515.97-0.40 13.56 498.06<BR>Burford -0.40 14.03 515.61-0.42 13.54 497.33<BR>Port Perry -0.43 14.00 514.50-0.45 13.51 496.22<BR>Norfolk -0.34 14.09 517.81-0.34 13.62 500.27<BR>Palmerston -0.39 14.04 515.97-0.40 13.56 498.06<BR>Varna -0.45 13.98 513.77-0.40 13.56 498.06<BR>Trenton -0.40 14.03 515.61-0.40 13.56 498.06<BR>Winchester -0.46 13.97 513.40-0.31 13.65 501.37<BR>North Gower -0.34 14.09 517.81-0.28 13.68 502.47<BR>Huron FOB -0.35 14.08 517.44-0.25 13.71 503.57<BR>Kent FOB -0.38 14.05 516.34-0.39 13.57 498.43<BR>Lambton FOB -0.38 14.05 516.34-0.39 13.57 498.43<BR>Middlesex FOB-0.32-0.18 N/A N/A 14.11 518.55-0.18 13.78 506.14</DIV>
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<DIV>PROCESSORS<BR>Hamilton 0.11 0.26 0.40 0.55 14.54 534.350.15 14.11 518.27<BR>Windsor -0.01-0.01 N/A N/A 14.42 529.940.00 13.96 512.76<BR>Winchester -0.36 14.07 517.08-0.21 13.75 505.04</DIV>
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<DIV>TRANSFER<BR>Hamilton 0.05 N/A N/A N/A 14.48 532.140.15 14.11 518.27<BR>Pt. Stanley N/A N/A<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC 0.00 14.43 530.300.22 14.18 520.84</DIV>
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<DIV>Toledo El. -0.15 14.28 524.67-0.29 13.67 502.24</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0194 up 0.0016<BR>Chicago wheat closed moderately higher.<BR>JUL12 HI 6.65 1/4 JUL12 HI 6.65 1/4<BR> LOW 6.39 1/4 LOW 6.39 1/4<BR> CLOSE 6.60 Up 10 1/2 CLOSE 6.60 Up 10 1/2</DIV>
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<DIV>Minni wheat closed moderately to sharply higher.<BR>JUL12 HI 8.52 3/4 SEP12 HI 7.85<BR> LOW 7.95 1/2 LOW 7.56 1/2<BR> CLOSE 8.41 Up 42 1/2 CLOSE 7.77 Up 12 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 -0.06 0.71 -0.01 -0.22<BR>CAD $/bu 6.54 7.31 6.59 8.19<BR>CAD $/tonne 240.40 268.57 242.28 300.88</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 -0.30 N/A<BR>London -0.28 0.18 -0.38 N/A 0.18 0.28 -0.38 N/A<BR>Hensall -0.25 N/A -0.25 N/A 0.40 N/A -0.30 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 -0.35 N/A N/A N/A -0.35 N/A<BR>Norwich -0.25 N/A -0.30 N/A 0.40 N/A -0.30 N/A<BR>Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A<BR>Kent Bridge -0.30 N/A -0.30 N/A 0.40 N/A -0.40 N/A<BR>Chatham N/A N/A N/A N/A N/A 0.23 -0.44 N/A<BR>Brigden N/A N/A N/A N/A N/A 0.23 -0.44 N/A<BR>Palmerston N/A -0.33 -0.29 -0.13 N/A 0.57 -0.23 -0.44<BR>Varna -0.25 0.20 -0.30 N/A 0.59 0.59 -0.21 N/A<BR>Mitchell -0.25 0.05 -0.25 N/A 0.40 0.40 -0.30 N/A<BR>Thornton N/A N/A N/A -0.81 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 -0.10 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 N/A N/A 0.71 1.35 0.45N/A</DIV>
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<DIV>Toledo El. N/A 6.67US 6.82CA</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 0.35 0.76 -0.06 -0.34<BR>CAD $/bu 6.95 7.36 6.54 7.43<BR>CAD $/tonne 255.43 270.45 240.40 273.08</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 516.33<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>