Weekly Crop Market Review - May 11, 2007
The next weekly will be published on Friday, May 18, 2007
This information is collected by the Statistics and Data Development Unit
WINNIPEG FUTURES (CDN $/TONNE) as of May 11/2007
CONTRACT --------------------WEEKLY----------------
MONTH HIGH LOW CLOSE CHANGE
WHEAT -SASK JUL07 161.00 N/A 157.00 -3.00
-SASK OCT07 163.00 N/A 162.00 -1.00
-SASK DEC07 167.00 167.00 166.70 -0.30
BARLEY -LETH JUL07 187.00 176.20 177.30 -6.70
-LETH OCT07 143.50 137.00 137.50 -4.50
-LETH DEC07 149.00 144.00 144.90 -3.80
CANOLA -SASK JUL07 372.10 357.00 368.50 +3.00
-SASK NOV07 390.10 375.10 386.20 +3.00
-SASK JAN08 398.30 385.00 394.90 +3.10
U.S. FUTURES (U.S. $/BUSHEL) as of May 11/2007
CONTRACT --------------------WEEKLY----------------
MONTH HIGH LOW CLOSE CHANGE
WHEAT -CBT JUL07 4.98 1/2 4.78 4.93 -0.01 3/4
-CBT SEP07 5.08 1/2 4.89 1/2 5.05 -0.01
WHEAT -MINN JUL07 5.23 1/2 5.06 5.19 -0.01
-MINN SEP07 5.21 5.05 5.16 1/4 -0.02 1/2
WHEAT -KANS JUL07 4.89 4.71 4.76 3/4 -0.08 1/4
-KANS SEP07 4.97 1/2 4.81 4.88 1/4 -0.05 1/2
CORN -CBT JUL07 3.94 3.54 3.69 1/4 -0.21 1/2
-CBT SEP07 3.92 1/2 3.57 3.73 1/4 -0.16 1/4
OATS -CBT JUL07 2.70 2.49 1/2 2.55 3/4 -0.12 1/4
-CBT SEP07 2.48 1/4 2.40 1/2 2.44 -0.02 1/4
SOYBEAN -CBT JUL07 7.68 1/2 7.35 7.61 3/4 +0.14 1/4
-CBT AUG07 7.74 1/2 7.43 7.68 1/4 +0.14 3/4
-CBT SEP07 7.82 7.51 7.76 +0.15
SOYOIL -CBT JUL07 34.56 32.78 34.39 +1.22
(¢/lb) -CBT AUG07 34.72 33.02 34.58 +1.18
SOYMEAL -CBT JUL07 212.70 198.50 201.80 -0.70
($/ton) -CBT AUG07 207.50 201.50 204.60 -0.50
FEEDMILL BIDS on May 07/2007 (Different Delivery Points)
THIS WEEK LAST WEEK
WHEAT -LETH 175.00-180.00 170.00-175.00
-REDDEER 170.00-172.00 169.00-172.00
-EDMTN 150.70-165.00 148.80-165.00
OATS -EDMTN N/A N/A
PEAS - EDMTN 169.00-176.40 161.70-174.50
BARLEY-LETH 175.00-185.00 175.00-182.00
-MH/BRKS 176.00-179.00 173.00-179.00
-CALGARY 165.30-176.00 160.80-174.00
-REDDEER 167.60-170.00 160.80-170.00
-VERM 147.00-160.80 144.70-147.00
-EDMTN 147.00-168.00 142.40-168.00
-PEACE R 144.70-149.30 144.70-151.60
CANOLA CRUSHER on May 10/2007
-Meal (FOB) 163.67 162.14
-Seed (DEL) 359.37 360.80
ELEVATOR BIDS, RED DEER, on May 11/2007 (Delivered)
THIS WEEK LAST WEEK
WHEAT 152.32 147.58
OATS 145.02 146.13
BARLEY 162.60 159.98
RYE 118.50 118.50
FLAXSEED .00 .00
CANOLA 344.93 350.22
SPECIAL CROP CASH BIDS on May 10/2007
Year Ago
Basis delivered plant $/Tonne $/Bushel $/Bushel
PEA GREEN #2 OR BETTER 247.47 6.73 3.67
FEED 150.65 4.10 2.62
LARGE YELLOW #2 OR BETTER 266.02 7.24 4.02
$/Lb $/Lb
LENTILS #1 LAIRD 371.37 0.17 0.10
#1 ESTON 334.11 0.15 0.11
MUSTARD #1 YELLOW 508.93 0.23 0.12
#1 BROWN 424.39 0.19 0.11
#1 ORIENTAL 354.61 0.16 0.11
WORLD AND US CASH MARKETS (CAN $/TONNE) as of May 10/2007
THIS LAST AVG TO LAST YR PCT
WEEK WEEK DATE AV PRICE CHG
WHEAT -CWB #1CWRS ST LAW 262.25 268.00 260.02 239.94 +8.4%
-CWB #1CWRS VANC* 265.50 N/A 265.50 245.65 +8.1%
-#1DNS GREAT FALLS 209.05 208.18 198.84 170.56 +16.6%
-#1DNS PORTLAND 268.46 245.80 243.36 216.56 +12.4%
CORN -#2 CHICAGO 150.92 164.35 146.17 92.56 +57.9%
BARLEY-#2 PORTLAND N/A N/A N/A 131.72 N/A
-#2FD GREAT FALLS 161.07 160.41 145.93 83.13 +75.6%
-#2 STOCKTON 242.04 241.04 210.72 147.09 +43.3%
SOYBNS-#1 ILLINOIS 293.05 290.42 274.39 245.42 +11.8%
EXCH RATE May 10/2007: US$ in CANADA$ 1.1112 CANADA$ IN US$ 0.8999
* #1CWRS VANCOUVER 13.5% PROTEIN
CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of May 06/2007
WEEK* CROP YR LAST YR PCT YR END
COMMODITY #40 TO DATE TO DATE CHG FORECAST
WHEAT(EXC DUR) 378.5 10,519.1 7,772.6 +35.3% +37.8%
DURUM 68.5 3,361.5 2,968.6 +13.2% +2.9%
BARLEY 59.6 957.9 2,048.4 -53.2% -39.4%
OATS 17.9 1,363.1 891.7 +52.9% +17.3%
PEAS 42.9 1,278.2 1,509.7 -15.3% -18.2%
FLAXSEED .6 406.7 324.1 +25.5% +21.1%
CANOLA-EXPORTS 108.3 4,186.5 4,066.6 +2.9% +9.0%
CANOLA-CRUSH 58.8 2,603.1 2,601.4 +0.1% +5.2%
U.S. EXPORTS ('000 TONNES) as of May 03/2007
WHEAT 480.9 22,055.1 24,784.9 -11.0% -10.8%
BARLEY 8.2 417.7 487.4 -14.3% -10.7%
CORN 854.4 36,095.5 32,546.7 +10.9% +4.8%
SOYBEANS 300.2 25,564.1 20,749.5 +23.2% +14.0%
NOPA SOYBEAN Month Ending: Mar 31/2007
SOYBEAN CRUSH 4027.6 27,685.9 26,769.8 +3.4% +1.5%
* From Canadian Grain Commission Calendar
STATISTICS AND DATA DEVELOPMENT UNIT May 11,2007
ALBERTA AGRICULTURE AND FOOD (780) 427-4011
