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<DIV>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 21<BR>(All Bases in CAD)<BR>Bank of Canada Noon exchange rate was 1.0251 up 0.0057<BR>Chicago corn closed lower.</DIV>
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<DIV> JUL12 HI 6.11 1/2 DEC12 HI 5.68<BR> LOW 5.86 1/2 LOW 5.48 1/4<BR> CLOSE5.89 1/2 Down 22 1/4 CLOSE 5.50 Down 16 1/2</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 5.75 226.17 -0.70 4.80 188.97<BR>CK High -0.10 5.80 228.14 -0.65 4.85 190.94<BR>CK Avg -0.11 -0.29 5.79 227.81 -0.68 -0.85 4.82 189.62<BR>Essex Cty -0.11 5.79 227.75 -0.65 4.85 190.94<BR>Mdsx Low -0.10 5.80 228.14 -0.70 4.80 188.97<BR>Mdsx High -0.10 5.80 228.14 -0.70 4.80 188.97<BR>Mdsx Avg -0.10 -0.28 5.80 228.14 -0.70 -0.87 4.80 188.97<BR>Hensall -0.06 5.84 229.91 -0.68 4.83 189.95<BR>Bruce -0.10 5.80 228.14 -0.70 4.80 188.97<BR>Putnam -0.10 5.80 228.14 -0.70 4.80 188.97<BR>Burford -0.10 5.80 228.14 -0.70 4.80 188.97<BR>Port Perry -0.10 5.80 228.14 -0.70 4.80 188.97<BR>Norfolk -0.10 5.80 228.14 -0.65 4.85 190.94<BR>Palmerston -0.15 5.75 226.17 -0.65 4.85 190.94<BR>Varna -0.15 5.75 226.17 -0.55 4.95 194.87<BR>Trenton 0.15 6.05 237.98 -0.65 4.85 190.94<BR>Winchester 0.20 6.10 239.95 -0.50 5.00 196.84<BR>North Gower 0.10 6.00 236.01 -0.63 4.87 191.72<BR>Huron FOB -0.01 5.89 231.68 -0.60 4.90 192.90<BR>Kent FOB -0.10 5.80 228.14 -0.65 4.85 190.94<BR>Lamb FOB -0.10 5.80 228.14 -0.65 4.85 190.94<BR>Mdsx FOB -0.10N/A N/A N/A 5.80 228.14 -0.70 4.80 188.97<BR>FOB SW Que 0.20 6.10 239.95 -0.30 5.20 204.71<BR>Track 0.25 6.15 241.92N/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 5.10 200.78<BR>Aylmer-Eth -0.25 0.30 0.35 0.55 5.65 222.23 -0.60 4.90 192.90<BR>Sarn-Eth N/A N/A 0.75 0.85 N/A<BR>Cllngwd-Eth -0.10N/A N/A N/A 5.80 228.14-0.30* 5.20 204.71<BR>London-Cas N/A N/A 0.85 0.95 -0.50 5.00 196.84<BR>Pt.Colb-Cas N/A 0.85 0.90 1.00 -0.45 5.05 198.81<BR>Cardnl-Cas N/A N/A 1.15 1.00 -0.45 5.05 198.81<BR>W O Feed 0.26 0.23 6.16 242.31</DIV>
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<DIV>US Rep 0.70 0.67 6.60 259.63<BR>Toledo El. 0.34 6.24 245.46 -0.34 5.16 203.14</DIV>
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<DIV>TRANSFER<BR>Sarnia N/A N/A<BR>Pt. Stanley N/A N/A<BR>Hamilton 0.26 6.16242 1/3 -0.45 5.05198 4/5</DIV>
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<DIV>MID SD CRN -0.67 1/2 4.82 1/2<BR>HI SD CRN -0.65 4.851<BR>*Wet Bid</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0251 up 0.0057<BR>Chicago soybeans closed slightly lower to lower.</DIV>
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<DIV> JUL12 HI 14.56 1/2 NOV12 HI 13.93<BR> LOW 14.31 LOW 13.71<BR> CLOSE14.39 Down 7 1/2 CLOSE 13.71 1/4 Down 24 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 -0.70 13.69 503.02-0.45 13.26 487.31<BR>CK High -0.25 14.14 519.56-0.35 13.36 490.99<BR>CK Average -0.41 -0.8513.98 513.62-0.41-0.8213.31 488.97<BR>Essex Cty -0.14 14.25 523.60-0.14 13.57 498.70<BR>Mdsx Low -0.39 14.00 514.41-0.40 13.31 489.15<BR>Mdsx High -0.38 14.01 514.78-0.37 13.34 490.25<BR>Mdsx Average -0.39 -0.8214.01 514.60-0.39-0.8013.33 489.70<BR>Hensall -0.39 14.00 514.41-0.40 13.31 489.15<BR>Bruce -0.39 14.00 514.41-0.40 13.31 489.15<BR>Putnam -0.39 14.00 514.41-0.40 13.31 489.15<BR>Burford -0.38 14.01 514.78-0.37 13.34 490.25<BR>Port Perry -0.41 13.98 513.68-0.40 13.31 489.15<BR>Norfolk -0.33 14.06 516.62-0.33 13.38 491.72<BR>Palmerston -0.44 13.95 512.57-0.40 13.31 489.15<BR>Varna -0.45 13.94 512.21-0.40 13.31 489.15<BR>Trenton -0.35 14.04 515.88-0.40 13.31 489.15<BR>Winchester -0.42 13.97 513.31-0.32 13.39 492.09<BR>North Gower -0.39 14.00 514.41-0.18 13.53 497.23<BR>Huron FOB -0.35 14.04 515.88-0.35 13.36 490.99<BR>Kent FOB -0.37 14.02 515.15-0.38 13.33 489.89<BR>Lambton FOB -0.37 14.02 515.15-0.38 13.33 489.89<BR>Middlesex FOB-0.32-0.18 N/A N/A 14.07 516.98-0.17 13.54 497.60</DIV>
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<DIV>PROCESSORS<BR>Hamilton 0.06 0.21 0.40 0.55 14.45 530.950.20 13.91 511.20<BR>Windsor 0.09 -0.09 N/A N/A 14.48 532.050.09 13.80 507.16<BR>Winchester -0.36 14.03 515.51-0.21 13.50 496.13</DIV>
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<DIV>TRANSFER<BR>Hamilton 0.00 N/A N/A N/A 14.39 528.740.30 14.01 514.87<BR>Pt. Stanley N/A N/A<BR>Sarnia N/A N/A<BR>Owen Sound N/A N/A<BR>Sorel QC 0.15 14.54 534.250.35 14.06 516.71</DIV>
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<DIV>Toledo El. -0.15 14.24 523.06-0.29 13.42 493.25</DIV>
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<DIV><BR>Bank of Canada Noon exchange rate was 1.0251 up 0.0057<BR>Chicago wheat closed slightly lower.<BR>JUL12 HI 6.82 JUL12 HI 6.82<BR> LOW 6.55 LOW 6.55<BR> CLOSE 6.60 Down 4 CLOSE 6.60 Down 4</DIV>
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<DIV>Minni wheat closed slightly to moderately lower.<BR>JUL12 HI 8.76 SEP12 HI 7.97<BR> LOW 8.40 LOW 7.66 1/2<BR> CLOSE 8.43 3/4 Down 1/2 CLOSE 7.69 3/4 Down 14</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 -0.01 0.77 0.05 -0.16<BR>CAD $/bu 6.59 7.37 6.65 8.28<BR>CAD $/tonne 242.31 270.70 244.20 304.30</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 -0.26 0.20 -0.37 N/A 0.30 0.30 -0.37 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 -0.31 N/A N/A N/A -0.31 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 -0.43 N/A<BR>Brigden N/A N/A N/A N/A N/A 0.23 -0.43 N/A<BR>Palmerston N/A 0.36 -0.25 -0.09 N/A N/A N/A -0.40<BR>Varna -0.25 0.20 -0.30 N/A N/A N/A N/A 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 0.00 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 N/A N/A 0.77 1.42 0.51N/A</DIV>
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<DIV>Toledo El. N/A 6.67US 6.87CA</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 0.82 -0.01 -0.28<BR>CAD $/bu 7.01 7.42 6.59 7.42<BR>CAD $/tonne 257.45 272.60 242.31 272.50</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 518.65<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>