Weekly Crop Market Review - May 23, 2008
The next weekly will be published on Friday, May 30, 2008
This information is collected by the Statistics and Data Development Unit
WINNIPEG FUTURES (CDN $/TONNE) as of May 23/2008
CONTRACT --------------------WEEKLY----------------
MONTH HIGH LOW CLOSE CHANGE
WHEAT -SASK JUL08 N/A N/A 300.00 +0.00
-SASK OCT08 N/A N/A 285.00 +0.00
BARLEY -SASK JUL08 246.80 242.00 242.10 -2.10
-SASK OCT08 256.00 254.00 254.00 -1.00
-SASK DEC08 261.00 257.30 258.30 -1.80
CANOLA -SASK JUL08 624.20 585.50 623.30 +14.40
-SASK NOV08 649.00 612.00 648.00 +16.50
-SASK JAN09 656.60 634.80 658.60 +16.40
U.S. FUTURES (U.S. $/BUSHEL) as of May 23/2008
CONTRACT --------------------WEEKLY----------------
MONTH HIGH LOW CLOSE CHANGE
WHEAT -CBT JUL08 8.06 1/2 7.40 7.52 1/2 -0.23
-CBT SEP08 8.20 7.58 1/4 7.67 3/4 -0.22 1/4
WHEAT -MINN JUL08 10.64 9.98 10.30 +0.26
-MINN SEP08 8.90 8.45 8.57 -0.07
WHEAT -KANS JUL08 8.52 7.94 1/2 7.97 3/4 -0.26 1/2
-KANS SEP08 8.62 8.07 8.12 -0.24
CORN -CBT JUL08 6.09 5.83 1/2 5.99 3/4 +0.08 3/4
-CBT SEP08 6.22 1/2 5.96 1/2 6.12 3/4 +0.09 1/4
OATS -CBT JUL08 4.09 1/4 3.85 3.85 1/2 -0.08 1/2
-CBT SEP08 4.10 3.96 1/2 3.96 1/2 -0.08 1/2
SOYBEAN -CBT JUL08 14.02 13.13 13.68 -0.10
-CBT AUG08 13.95 13.18 13.70 -0.07 1/4
-CBT SEP08 13.69 13.20 13.58 -0.01 1/4
SOYOIL -CBT JUL08 64.25 59.55 63.56 +1.71
(¢/lb) -CBT AUG08 64.53 60.00 63.85 +1.67
SOYMEAL -CBT JUL08 357.00 325.20 336.60 -13.40
($/ton) -CBT AUG08 356.00 328.00 338.00 -12.50
FEEDMILL BIDS on May 19/2008 (Different Delivery Points)
THIS WEEK LAST WEEK
WHEAT -LETH 280.00-300.00 280.00-300.00
-REDDEER 238.80-270.00 238.80-270.00
-EDMTN 257.20-270.00 257.20-271.90
OATS -EDMTN N/A N/A
PEAS - EDMTN 205.80-220.50 205.80-220.50
BARLEY-LETH 225.00-250.00 225.00-245.00
-MH/BRKS 216.00-224.00 216.00-224.00
-CALGARY 192.90-255.00 191.50-248.00
-REDDEER 205.30-260.00 204.40-220.00
-VERM N/A 199.80-202.10
-EDMTN 192.90-220.00 188.30-245.00
-PEACE R 197.50-202.10 195.20-202.10
CANOLA CRUSHER on May 21/2008
-Meal (FOB) 243.33 269.00
-Seed (DEL) 595.90 600.33
ELEVATOR BIDS on May 23/2008 (Delivered)
THIS WEEK LAST WEEK
FEED WHEAT -Red Deer 238.14 237.77
FEED OATS -Red Deer 153.71 152.67
FEED BARLEY-Red Deer 202.66 210.08
RYE -Red Deer N/A 160.50
FLAXSEED -Brooks 525.56 509.03
CANOLA -Red Deer 604.26 556.65
SPECIAL CROP CASH BIDS on May 22/2008
Year Ago
Basis delivered plant $/Tonne $/Bushel $/Bushel
PEA GREEN #2 OR BETTER 398.12 10.84 6.73
FEED 180.41 4.91 4.10
LARGE YELLOW #2 OR BETTER 363.40 9.89 7.07
$/Lb $/Lb
LENTILS #1 LAIRD 850.98 0.39 0.17
#1 ESTON 686.19 0.31 0.15
MUSTARD #1 YELLOW 1366.86 0.62 0.23
#1 BROWN 953.49 0.43 0.19
#1 ORIENTAL 870.82 0.39 0.16
WORLD AND US CASH MARKETS (CAN $/TONNE) as of May 22/2008
THIS LAST AVG TO LAST YR PCT
WEEK WEEK DATE AV PRICE CHG
WHEAT -CWB #1CWRS ST LAW 480.05 494.25 475.96 263.74 +80.5%
-CWB #1CWRS VANC* 509.42 498.39 493.38 267.07 +84.7%
-#1DNS GREAT FALLS 345.23 N/A 379.96 202.85 +87.3%
-#1DNS PORTLAND N/A N/A 407.13 245.52 +65.8%
CORN -#2 CHICAGO 214.15 221.05 169.13 146.05 +15.8%
BARLEY-#2 PORTLAND N/A N/A N/A N/A N/A
-#2FD GREAT FALLS 175.51 180.78 210.66 147.63 +42.7%
-#2 STOCKTON 318.97 323.53 293.95 217.66 +35.0%
SOYBNS-#1 ILLINOIS 477.91 489.24 414.82 281.99 +47.1%
EXCH RATE May 22/2008: US$ in CANADA$ .9859 CANADA$ IN US$ 1.0143
* #1CWRS VANCOUVER 13.5% PROTEIN
CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of May 18/2008
WEEK* CROP YR LAST YR PCT YR END
COMMODITY #42 TO DATE TO DATE CHG FORECAST
WHEAT(EXC DUR) N/A N/A 10,967.0 N/A -23.5%
DURUM N/A N/A 3,622.8 N/A -27.8%
BARLEY N/A N/A 1,032.6 N/A +116.2%
OATS N/A N/A 1,409.4 N/A +6.6%
PEAS N/A N/A 1,316.3 N/A +6.6%
FLAXSEED N/A N/A 446.0 N/A -7.6%
CANOLA-EXPORTS N/A N/A 4,374.0 N/A +0.4%
CANOLA-CRUSH 73.4 3,188.2 2,737.7 +16.5% +9.0%
U.S. EXPORTS ('000 TONNES) as of May 15/2008
WHEAT 326.7 32,186.1 23,344.5 +37.9% +40.8%
BARLEY .5 791.6 418.0 +89.4% +100.0%
CORN 693.9 44,486.6 37,784.6 +17.7% +17.6%
SOYBEANS 232.2 25,776.4 26,191.9 -1.6% -2.5%
NOPA SOYBEAN Month Ending: Mar 31/2008
SOYBEAN CRUSH 4032.4 28,221.9 27,685.9 +1.9% +1.9%
* From Canadian Grain Commission Calendar
