Weekly Crop Market Review - November 21, 2008

The next weekly will be published on Friday, November 28, 2008
This information is collected by the Statistics and Data Development Unit

WINNIPEG FUTURES (CDN $/TONNE) as of Nov 21/2008
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -SASK  DEC08     163.50     140.80     140.80     -22.70
        -SASK  MAR09     173.00     149.80     149.80     -21.90
        -SASK  MAY09     176.50     155.50     155.50     -21.80
CANOLA  -SASK  JAN09     422.30     392.70     413.10      +0.10
        -SASK  MAR09     431.00     402.00     422.10      -0.40
        -SASK  MAY09     439.40     425.00     431.30      -0.40

U.S. FUTURES (U.S. $/BUSHEL) as of Nov 21/2008
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   DEC08   5.55 1/2   4.97 1/2   4.99      -0.55 1/4
        -CBT   MAR09   5.77       5.16       5.18      -0.56 1/2
WHEAT   -MINN  DEC08   6.57 1/2   5.85       5.86 1/2  -0.71
        -MINN  MAR09   6.53 1/4   5.90       5.92      -0.61 1/4
WHEAT   -KANS  DEC08   5.92       5.31       5.33 1/2  -0.59 3/4
        -KANS  MAR09   6.06       5.48 1/2   5.48 1/2  -0.59
CORN    -CBT   DEC08   3.89       3.37 1/2   3.38 1/2  -0.41 3/4
        -CBT   MAR09   4.06       3.53       3.54 1/4  -0.42 3/4
OATS    -CBT   DEC08   2.16 1/4   1.99       2.00 3/4  -0.14 3/4
        -CBT   MAR09   2.38       2.16       2.16 3/4  -0.14 3/4
SOYBEAN -CBT   JAN09   9.21       8.38       8.40      -0.56
        -CBT   MAR09   9.26 1/2   8.46       8.47 1/4  -0.57 3/4
        -CBT   MAY09   9.37 1/2   8.54 1/2   8.55 3/4  -0.60
SOYOIL  -CBT   DEC08      33.00      30.15      30.70      -1.90
(¢/lb)  -CBT   JAN09      33.35      30.59      31.06      -1.91
SOYMEAL -CBT   DEC08     274.00     249.70     249.90     -15.60
($/ton) -CBT   JAN09     276.00     250.00     250.50     -16.30

FEEDMILL BIDS on Nov 17/2008 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           185.00-205.00    185.00-205.00
      -REDDEER        170.00-180.00    175.00-180.00
      -EDMTN          163.00-183.70    165.00-183.70
OATS  -EDMTN               N/A              N/A
PEAS - EDMTN          176.40-192.90    176.40-192.90
BARLEY-LETH           179.00-190.00    172.00-190.00
      -MH/BRKS        171.00-182.00    170.00-173.00
      -CALGARY        175.00-188.00    170.00-188.00
      -REDDEER        165.00-188.00    165.00-188.00
      -VERM           140.10-149.30    140.10-149.30
      -EDMTN          133.00-188.00    140.10-188.00
      -PEACE R        137.80-140.10    133.20-140.10
CANOLA CRUSHER on Nov 19/2008
      -Meal (FOB)        230.80           227.53
      -Seed (DEL)        403.83           411.27

ELEVATOR BIDS on Nov 21/2008 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     165.17           165.17
FEED OATS  -Red Deer      99.49           100.52
FEED BARLEY-Red Deer     132.00           141.28
RYE        -Red Deer     157.60           157.60
FLAXSEED   -Brooks       438.17           440.92
CANOLA     -Red Deer     378.32           381.67

SPECIAL CROP CASH BIDS on Nov 20/2008
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           304.97      8.30      9.09
     FEED                         144.77      3.94      4.91
     LARGE YELLOW #2 OR BETTER    222.30      6.05      7.92
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 591.94      0.27      0.25
         #1 ESTON                 555.01      0.25      0.21
 MUSTARD #1 YELLOW                989.32      0.45      0.48
         #1 BROWN                 735.79      0.33      0.32
         #1 ORIENTAL              823.97      0.37      0.24

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Nov 20/2008
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    395.55   408.15   395.59   466.99    -15.3%
      -CWB #1CWRS VANC*       N/A      N/A    409.39   485.04    -15.6%
      -#1DNS GREAT FALLS    299.43   310.27   306.42   374.44    -18.2%
      -#1DNS PORTLAND       357.65   359.02   348.01   402.31    -13.5%
CORN  -#2 CHICAGO           175.05   165.50   191.85   183.26     +4.7%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     141.87   129.54   172.20   207.48    -17.0%
      -#2 STOCKTON          305.13   285.79   307.52   299.99     +2.5%
SOYBNS-#1 ILLINOIS          403.27   394.18   443.93   440.20     +0.8%
EXCH RATE Nov 20/2008: US$ in CANADA$ 1.2935  CANADA$ IN US$ 0.7731
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Nov 16/2008
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #16   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    232.4   3,674.4   3,991.2     -7.9%     +4.2%
 DURUM             147.1     806.6     952.8    -15.3%    +18.3%
 BARLEY             65.4     311.5     701.1    -55.6%    -59.0%
 OATS               41.3     669.1     664.3     +0.7%    -11.4%
 PEAS               N/A      548.3     780.2    -29.7%     +9.0%
 FLAXSEED             .3     165.7     220.1    -24.7%    -11.6%
 CANOLA-EXPORTS    106.0   2,098.0   1,581.2    +32.7%     -2.8%
 CANOLA-CRUSH       82.2   1,236.9   1,153.5     +7.2%     +8.6%
U.S. EXPORTS ('000 TONNES) as of Nov 13/2008
 WHEAT             388.4  15,408.3  18,155.4    -15.1%    -20.9%
 BARLEY             N/A      182.8     394.4    -53.7%    -39.0%
 CORN              636.3   8,288.5  13,360.2    -38.0%    -22.0%
 SOYBEANS         1002.6   7,282.7   6,808.8     +7.0%    -12.1%
NOPA SOYBEAN Month Ending: Sep 30/2008
 SOYBEAN CRUSH    3276.1   3,276.1   3,805.5    -13.9%     -3.1%
* From Canadian Grain Commission Calendar