Weekly Crop Market Review - February 29, 2008
The next weekly will be published on Friday, March 7, 2008
This information is collected by the Statistics and Data Development Unit
WINNIPEG FUTURES (CDN $/TONNE) as of Feb 29/2008
CONTRACT --------------------WEEKLY----------------
MONTH HIGH LOW CLOSE CHANGE
WHEAT -SASK MAR08 N/A N/A 287.80 +6.00
-SASK MAY08 295.00 295.00 295.00 +18.20
-SASK JUL08 N/A N/A 295.00 +18.20
BARLEY -SASK MAR08 226.90 213.60 227.30 +8.30
-SASK MAY08 234.50 224.00 234.10 +10.60
-SASK JUL08 244.00 234.00 244.00 +11.50
CANOLA -SASK MAR08 712.20 677.60 726.90 +46.30
-SASK MAY08 741.00 688.40 740.00 +47.40
-SASK JUL08 750.00 700.00 750.00 +45.90
U.S. FUTURES (U.S. $/BUSHEL) as of Feb 29/2008
CONTRACT --------------------WEEKLY----------------
MONTH HIGH LOW CLOSE CHANGE
WHEAT -CBT MAR08 13.00 10.71 10.73 +0.23 1/2
-CBT MAY08 13.49 1/2 10.80 10.86 +0.21 1/2
WHEAT -MINN MAR08 25.00 17.00 18.25 -1.00
-MINN MAY08 19.00 15.60 16.19 3/4 +0.01 1/2
WHEAT -KANS MAR08 13.70 11.55 11.70 +0.62 3/4
-KANS MAY08 13.70 11.55 11.60 +0.45
CORN -CBT MAR08 5.47 5.17 5.46 +0.23 3/4
-CBT MAY08 5.59 3/4 5.30 1/2 5.56 1/2 +0.21 1/2
OATS -CBT MAR08 4.22 3.88 4.22 +0.38
-CBT MAY08 4.35 3.95 4.34 3/4 +0.39 3/4
SOYBEAN -CBT MAR08 15.24 14.26 15.22 +1.02
-CBT MAY08 15.39 14.49 15.36 1/2 +0.98 1/4
-CBT JUL08 15.48 14.62 15.46 +0.93 1/4
SOYOIL -CBT MAR08 68.25 62.90 68.15 +5.85
(¢/lb) -CBT MAY08 69.13 63.50 68.82 +5.80
SOYMEAL -CBT MAR08 376.00 362.50 375.70 +14.50
($/ton) -CBT MAY08 384.50 370.00 382.20 +14.00
FEEDMILL BIDS on Feb 25/2008 (Different Delivery Points)
THIS WEEK LAST WEEK
WHEAT -LETH 210.00-240.00 210.00-235.00
-REDDEER 187.40-235.00 187.40-255.00
-EDMTN 191.10-235.00 191.10-260.00
OATS -EDMTN 129.70-168.60 129.70-168.60
PEAS - EDMTN 200.00-220.50 202.10-235.00
BARLEY-LETH 205.00-210.00 202.00-215.00
-MH/BRKS 198.00-206.00 198.00-207.00
-CALGARY 183.70-200.00 183.70-220.00
-REDDEER 192.90-210.00 192.90-220.00
-VERM 183.70-206.70 183.70-206.70
-EDMTN 181.40-200.00 179.10-220.00
-PEACE R 179.10-183.70 165.30-183.70
CANOLA CRUSHER on Feb 28/2008
-Meal (FOB) 297.77 294.53
-Seed (DEL) 661.20 636.73
ELEVATOR BIDS, RED DEER, on Feb 29/2008 (Delivered)
THIS WEEK LAST WEEK
FEED WHEAT 236.23 237.03
FEED OATS 196.61 178.88
FEED BARLEY 195.21 191.98
RYE 158.50 158.50
FLAXSEED N/A N/A
CANOLA 672.15 644.33
SPECIAL CROP CASH BIDS on Feb 28/2008
Year Ago
Basis delivered plant $/Tonne $/Bushel $/Bushel
PEA GREEN #2 OR BETTER 425.31 11.58 5.79
FEED 180.41 4.91 3.80
LARGE YELLOW #2 OR BETTER 413.37 11.25 6.18
$/Lb $/Lb
LENTILS #1 LAIRD 780.98 0.35 0.15
#1 ESTON 614.09 0.28 0.13
MUSTARD #1 YELLOW 1214.41 0.55 0.22
#1 BROWN 927.81 0.42 0.18
#1 ORIENTAL 608.14 0.28 0.15
WORLD AND US CASH MARKETS (CAN $/TONNE) as of Feb 28/2008
THIS LAST AVG TO LAST YR PCT
WEEK WEEK DATE AV PRICE CHG
WHEAT -CWB #1CWRS ST LAW 770.55 773.40 446.69 263.74 +69.4%
-CWB #1CWRS VANC* N/A N/A 449.94 267.07 +68.5%
-#1DNS GREAT FALLS 679.58 719.77 375.36 202.85 +85.0%
-#1DNS PORTLAND N/A 736.50 407.13 245.52 +65.8%
CORN -#2 CHICAGO 199.23 199.86 150.59 146.05 +3.1%
BARLEY-#2 PORTLAND N/A N/A N/A N/A N/A
-#2FD GREAT FALLS 195.37 198.43 215.27 147.63 +45.8%
-#2 STOCKTON 298.70 309.35 284.45 217.66 +30.7%
SOYBNS-#1 ILLINOIS 522.42 506.48 388.95 281.99 +37.9%
EXCH RATE Feb 28/2008: US$ in CANADA$ .9765 CANADA$ IN US$ 1.0241
* #1CWRS VANCOUVER 13.5% PROTEIN
CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Feb 24/2008
WEEK* CROP YR LAST YR PCT YR END
COMMODITY #30 TO DATE TO DATE CHG FORECAST
WHEAT(EXC DUR) 201.9 6,625.0 7,788.0 -14.9% -26.2%
DURUM 18.7 1,956.4 2,639.0 -25.9% -30.1%
BARLEY 150.1 1,781.8 819.2 +117.5% +116.2%
OATS 16.3 1,238.0 1,139.9 +8.6% +12.2%
PEAS 27.9 1,233.1 1,050.9 +17.3% +6.6%
FLAXSEED 4.3 351.9 328.7 +7.1% -11.9%
CANOLA-EXPORTS 96.6 3,185.7 3,126.9 +1.9% -1.4%
CANOLA-CRUSH 79.8 2,265.5 1,975.9 +14.7% +6.2%
U.S. EXPORTS ('000 TONNES) as of Feb 21/2008
WHEAT 469.5 25,789.5 17,328.6 +48.8% +32.0%
BARLEY 5.8 661.2 357.5 +84.9% -20.0%
CORN 1184.4 31,055.5 26,195.9 +18.6% +15.3%
SOYBEANS 649.3 18,758.6 20,206.1 -7.2% -10.1%
NOPA SOYBEAN Month Ending: Dec 31/2007
SOYBEAN CRUSH 4243.1 16,260.0 16,047.9 +1.3% +1.6%
* From Canadian Grain Commission Calendar
