Weekly Crop Market Review - December 19, 2008

The next weekly will be published on Friday, January 2, 2009
This information is collected by the Statistics and Data Development Unit

WINNIPEG FUTURES (CDN $/TONNE) as of Dec 19/2008
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -SASK  MAR09     155.00     148.50     149.70      +2.20
        -SASK  MAY09     160.50     156.70     156.70      +1.80
        -SASK  JUL09        N/A        N/A     161.20      +1.80
CANOLA  -SASK  JAN09     394.00     376.30     389.80      +3.10
        -SASK  MAR09     401.60     383.20     396.70      +3.50
        -SASK  MAY09     409.70     396.90     405.40      +3.30

U.S. FUTURES (U.S. $/BUSHEL) as of Dec 19/2008
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR09   5.75       5.18       5.63 1/4  +0.50 1/4
        -CBT   MAY09   5.84       5.33       5.76      +0.50
WHEAT   -MINN  MAR09   6.37       5.85       6.25 1/4  +0.35 1/4
        -MINN  MAY09   6.37 1/2   5.84 1/4   6.26      +0.39 1/4
WHEAT   -KANS  MAR09   5.96       5.42       5.83      +0.44 3/4
        -KANS  MAY09   6.03       5.54 1/2   5.93 3/4  +0.45 1/4
CORN    -CBT   MAR09   4.02       3.73 1/2   3.80 3/4  +0.07 1/4
        -CBT   MAY09   4.13       3.85       3.91      +0.06 1/4
OATS    -CBT   MAR09   2.31       2.14 3/4   2.19      +0.05 1/2
        -CBT   MAY09   2.32       2.25 1/4   2.28      +0.05
SOYBEAN -CBT   JAN09   8.77       8.45       8.68 1/4  +0.14 1/4
        -CBT   MAR09   8.80       8.49       8.72 1/2  +0.16 1/4
        -CBT   MAY09   8.88       8.59       8.83 3/4  +0.18
SOYOIL  -CBT   JAN09      32.00      30.35      30.60      -0.32
(¢/lb)  -CBT   MAR09      32.25      30.77      30.91      -0.37
SOYMEAL -CBT   JAN09     268.00     254.50     267.50      +9.80
($/ton) -CBT   MAR09     267.00     254.80     267.40     +10.40

FEEDMILL BIDS on Dec 15/2008 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           170.00-180.00    170.00-190.00
      -REDDEER        168.00-170.00    170.00-178.00
      -EDMTN          165.30-180.00    165.30-183.70
OATS  -EDMTN               N/A              N/A
PEAS - EDMTN          176.40-191.10    176.40-215.00
BARLEY-LETH           147.00-170.00    160.00-178.00
      -MH/BRKS        151.00-165.00    154.00-179.10
      -CALGARY        154.00-165.30    154.00-165.30
      -REDDEER        145.00-160.00    148.00-165.00
      -VERM           137.80-142.40    137.80-142.40
      -EDMTN          130.00-160.00    130.00-165.00
      -PEACE R        130.90-137.80    128.60-137.80
CANOLA CRUSHER on Dec 17/2008
      -Meal (FOB)        244.31           226.42
      -Seed (DEL)        380.23           374.67

ELEVATOR BIDS on Dec 19/2008 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     154.03           154.28
FEED OATS  -Red Deer      89.25            87.55
FEED BARLEY-Red Deer     137.33           139.44
RYE        -Red Deer     150.10           147.25
FLAXSEED   -Brooks       351.95           338.17
CANOLA     -Red Deer     373.63           366.41

SPECIAL CROP CASH BIDS on Dec 18/2008
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           252.61      6.87      9.46
     FEED                         139.44      3.79      4.91
     LARGE YELLOW #2 OR BETTER    193.46      5.27      8.96
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 484.46      0.22      0.25
         #1 ESTON                 504.31      0.23      0.21
 MUSTARD #1 YELLOW                912.16      0.41      0.47
         #1 BROWN                 631.07      0.29      0.35
         #1 ORIENTAL              834.99      0.38      0.24

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Dec 18/2008
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    402.55   406.90   396.76   466.99    -15.0%
      -CWB #1CWRS VANC*       N/A      N/A    405.66   485.04    -16.4%
      -#1DNS GREAT FALLS    299.68   295.33   303.58   374.44    -18.9%
      -#1DNS PORTLAND       344.90   339.53   345.66   402.31    -14.1%
CORN  -#2 CHICAGO           169.09   152.02   185.32   183.26     +1.1%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     105.73   104.71   162.02   207.48    -21.9%
      -#2 STOCKTON          246.04   277.42   300.74   299.99     +0.3%
SOYBNS-#1 ILLINOIS          388.79   390.52   433.60   440.20     -1.5%
EXCH RATE Dec 18/2008: US$ in CANADA$ 1.2065  CANADA$ IN US$ 0.8288
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Dec 14/2008
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #20   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)     N/A      N/A     4,834.2       N/A    +12.2%
 DURUM              N/A      N/A     1,195.3       N/A    +18.3%
 BARLEY             N/A      N/A     1,022.6       N/A    -59.2%
 OATS               N/A      N/A       838.8       N/A     -7.0%
 PEAS               N/A      N/A       958.8       N/A     +9.0%
 FLAXSEED           N/A      N/A       323.1       N/A     +0.2%
 CANOLA-EXPORTS     N/A      N/A     1,981.7       N/A     +6.0%
 CANOLA-CRUSH       79.3   1,564.9   1,479.2     +5.8%     +8.6%
U.S. EXPORTS ('000 TONNES) as of Dec 11/2008
 WHEAT             335.9  17,384.4  20,525.8    -15.3%    -20.9%
 BARLEY             N/A      214.6     511.1    -58.0%    -51.2%
 CORN              744.4  11,617.6  18,611.6    -37.6%    -26.1%
 SOYBEANS          936.2  11,748.7  10,498.6    +11.9%     -9.6%
NOPA SOYBEAN Month Ending: Oct 31/2008
 SOYBEAN CRUSH    3902.6   7,178.7   8,023.2    -10.5%     -4.8%
* From Canadian Grain Commission Calendar