Weekly Crop Market Review - December 5, 2008

The next weekly will be published on Friday, December 12, 2008
This information is collected by the Statistics and Data Development Unit

WINNIPEG FUTURES (CDN $/TONNE) as of Dec 05/2008
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -SASK  MAR09     151.00     137.00     140.00      -9.50
        -SASK  MAY09     152.00     141.90     144.90     -10.20
        -SASK  JUL09     147.30     147.10     149.40      -6.70
CANOLA  -SASK  JAN09     398.30     353.10     354.10     -46.80
        -SASK  MAR09     406.00     359.00     360.00     -49.90
        -SASK  MAY09     411.10     367.90     368.60     -50.40

U.S. FUTURES (U.S. $/BUSHEL) as of Dec 05/2008
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR09   5.44       4.71       4.75 1/2  -0.85 3/4
        -CBT   MAY09   5.44 1/2   4.87       4.88 1/2  -0.86 1/4
WHEAT   -MINN  MAR09   6.02       5.50       5.51      -0.59 3/4
        -MINN  MAY09   6.01       5.52 1/4   5.52 3/4  -0.62 1/2
WHEAT   -KANS  MAR09   5.66       5.01       5.03 1/4  -0.78 1/4
        -KANS  MAY09   5.70 1/2   5.13       5.13 1/4  -0.78 3/4
CORN    -CBT   MAR09   3.57 1/2   3.06       3.09 1/4  -0.56 1/2
        -CBT   MAY09   3.67 1/2   3.16       3.19 1/4  -0.58
OATS    -CBT   MAR09   2.30       1.99       1.99      -0.18
        -CBT   MAY09   2.31 1/2   2.08 1/2   2.08 1/2  -0.17 1/2
SOYBEAN -CBT   JAN09   8.59       7.77       7.83 1/2  -0.99 1/2
        -CBT   MAR09   8.67       7.80       7.87 1/4  -1.03 3/4
        -CBT   MAY09   8.77       7.87 1/2   7.94 3/4  -1.05 1/4
SOYOIL  -CBT   JAN09      32.00      28.19      28.55      -4.35
(¢/lb)  -CBT   MAR09      32.28      28.55      28.93      -4.41
SOYMEAL -CBT   JAN09     253.00     235.50     238.30     -16.00
($/ton) -CBT   MAR09     253.50     235.00     237.80     -17.60

FEEDMILL BIDS on Dec 01/2008 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           170.00-200.00    170.00-200.00
      -REDDEER        170.00-178.00    169.00-170.00
      -EDMTN          165.00-183.70    163.10-183.70
OATS  -EDMTN               N/A              N/A
PEAS - EDMTN          176.40-191.10    176.40-220.00
BARLEY-LETH           170.00-180.00    160.00-190.00
      -MH/BRKS        160.00-179.10    165.00-179.10
      -CALGARY        165.00-179.10    165.00-179.10
      -REDDEER        160.00-180.00    156.20-188.00
      -VERM           137.80-151.60    137.80-153.90
      -EDMTN          135.50-180.00    133.20-145.00
      -PEACE R        128.60-137.80    128.60-137.80
CANOLA CRUSHER on Dec 03/2008
      -Meal (FOB)        224.67           232.67
      -Seed (DEL)        374.16           392.33

ELEVATOR BIDS on Dec 05/2008 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     154.78           159.78
FEED OATS  -Red Deer       N/A             83.13
FEED BARLEY-Red Deer     127.38           109.44
RYE        -Red Deer     149.35           158.50
FLAXSEED   -Brooks       372.81           411.79
CANOLA     -Red Deer     327.76           360.14

SPECIAL CROP CASH BIDS on Dec 04/2008
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           280.17      7.62      9.09
     FEED                         139.44      3.79      4.91
     LARGE YELLOW #2 OR BETTER    208.15      5.67      8.55
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 560.52      0.25      0.25
         #1 ESTON                 527.45      0.24      0.21
 MUSTARD #1 YELLOW                989.32      0.45      0.47
         #1 BROWN                 680.68      0.31      0.35
         #1 ORIENTAL              857.04      0.39      0.24

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Dec 04/2008
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    402.40   395.05   395.92   466.99    -15.2%
      -CWB #1CWRS VANC*     387.01     N/A    405.66   485.04    -16.4%
      -#1DNS GREAT FALLS    286.12   284.98   304.22   374.44    -18.8%
      -#1DNS PORTLAND       329.56   340.40   346.15   402.31    -14.0%
CORN  -#2 CHICAGO           147.43   161.63   187.92   183.26     +2.5%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     129.62   135.03   168.00   207.48    -19.0%
      -#2 STOCKTON          287.41   276.84   304.85   299.99     +1.6%
SOYBNS-#1 ILLINOIS          379.69   399.65   438.22   440.20     -0.4%
EXCH RATE Dec 04/2008: US$ in CANADA$ 1.2781  CANADA$ IN US$ 0.7824
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Nov 30/2008
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #18   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    240.4   4,151.4   4,552.8     -8.8%     +4.2%
 DURUM              56.2   1,012.1   1,098.7     -7.9%    +18.3%
 BARLEY              5.4     391.8     885.2    -55.7%    -59.0%
 OATS               46.7     735.0     758.6     -3.1%    -11.4%
 PEAS               24.6     615.2     851.0    -27.7%     +9.0%
 FLAXSEED           28.2     240.6     275.5    -12.7%    -11.6%
 CANOLA-EXPORTS    172.9   2,497.7   1,751.0    +42.6%     -2.8%
 CANOLA-CRUSH       78.6   1,398.5   1,313.6     +6.5%     +8.6%
U.S. EXPORTS ('000 TONNES) as of Nov 27/2008
 WHEAT             539.1  16,667.0  19,220.8    -13.3%    -20.9%
 BARLEY             N/A      214.6     492.3    -56.4%    -39.0%
 CORN              827.6  10,118.2  16,220.0    -37.6%    -22.0%
 SOYBEANS         1019.3   9,572.2   8,490.3    +12.7%    -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