Weekly Crop Market Review - January 9, 2009

The next weekly will be published on Friday, January 16, 2009
This information is collected by the Statistics and Data Development Unit

WINNIPEG FUTURES (CDN $/TONNE) as of Jan 09/2009
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -SASK  MAR09     160.00     148.00     151.10      +0.10
        -SASK  MAY09     161.00     156.70     156.70      -1.80
        -SASK  JUL09        N/A        N/A     161.20      -1.80
CANOLA  -SASK  MAR09     443.50     410.00     437.90     +18.90
        -SASK  MAY09     451.90     425.90     446.00     +18.80
        -SASK  JUL09     458.50     434.90     454.10     +18.70

U.S. FUTURES (U.S. $/BUSHEL) as of Jan 09/2009
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR09   6.45       5.98       6.29 1/2  +0.18 1/2
        -CBT   MAY09   6.57       6.15       6.42 1/4  +0.18 1/2
WHEAT   -MINN  MAR09        N/A        N/A   6.80 1/4  +0.25
        -MINN  MAY09        N/A        N/A   6.85      +0.24 3/4
WHEAT   -KANS  MAR09   6.70       6.19 1/2   6.51      +0.17 1/2
        -KANS  MAY09   6.76       6.32       6.62 1/2  +0.17 1/2
CORN    -CBT   MAR09   4.28 1/4   4.04       4.10 3/4  -0.01 1/2
        -CBT   MAY09   4.38       4.14       4.21 1/4  -0.01 1/2
OATS    -CBT   MAR09   2.30       2.16       2.30      +0.18
        -CBT   MAY09   2.39 1/2   2.25 1/4   2.39 1/2  +0.18 1/4
SOYBEAN -CBT   MAR09  10.39 1/2   9.72      10.36      +0.59
        -CBT   MAY09  10.48       9.87      10.45 1/2  +0.57
        -CBT   JUL09  10.59       9.98      10.56 1/4  +0.56 1/4
SOYOIL  -CBT   MAR09      37.35      34.25      36.72      +2.84
(¢/lb)  -CBT   MAY09      37.73      34.60      37.09      +2.87
SOYMEAL -CBT   MAR09     315.00     293.00     314.50     +14.30
($/ton) -CBT   MAY09     315.50     296.00     315.90     +13.70

FEEDMILL BIDS on Jan 05/2009 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           180.00-190.00    180.00-190.00
      -REDDEER        158.00-170.00    158.00-170.00
      -EDMTN          163.10-180.00    163.10-180.00
OATS  -EDMTN               N/A              N/A
PEAS - EDMTN          192.90-213.10    192.90-213.10
BARLEY-LETH           160.00-176.00    160.00-178.00
      -MH/BRKS        151.00-163.00    151.00-165.00
      -CALGARY        147.00-160.00    147.00-160.00
      -REDDEER        142.40-160.00    141.00-145.00
      -VERM           133.20-142.40    133.20-142.40
      -EDMTN          114.80-160.00    114.80-160.00
      -PEACE R        135.50-137.80    130.90-137.80
CANOLA CRUSHER on Jan 07/2009
      -Meal (FOB)        295.67           290.00
      -Seed (DEL)        418.10           405.00

ELEVATOR BIDS on Jan 09/2009 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     154.28           154.28
FEED OATS  -Red Deer     100.67            98.25
FEED BARLEY-Red Deer     133.32           149.06
RYE        -Red Deer     152.30           150.25
FLAXSEED   -Brooks       366.52           353.13
CANOLA     -Red Deer     417.42           399.24

SPECIAL CROP CASH BIDS on Jan 08/2009
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           261.80      7.12      9.34
     FEED                         139.44      3.79      4.91
     LARGE YELLOW #2 OR BETTER    190.89      5.20      8.93
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 506.51      0.23      0.26
         #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 $/TONNE) as of Jan 08/2009
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    409.05   420.55   399.11   466.99    -14.5%
      -CWB #1CWRS VANC*     398.24     N/A    404.60   485.04    -16.6%
      -#1DNS GREAT FALLS    296.95   316.41   304.24   374.44    -18.7%
      -#1DNS PORTLAND       350.10   355.57   346.46   402.31    -13.9%
CORN  -#2 CHICAGO           176.65   180.77   184.27   183.26     +0.6%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     103.28   112.11   157.30   207.48    -24.2%
      -#2 STOCKTON          253.32   248.38   294.33   299.99     -1.9%
SOYBNS-#1 ILLINOIS          427.40   438.03   432.55   440.20     -1.7%
EXCH RATE Jan 08/2009: US$ in CANADA$ 1.1785  CANADA$ IN US$ 0.8485
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Jan 04/2009
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #23   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    231.9   5,306.1   5,419.6     -2.1%    +12.2%
 DURUM              23.7   1,232.2   1,630.4    -24.4%    +18.3%
 BARLEY             20.6     498.2   1,203.2    -58.6%    -59.2%
 OATS               16.4     823.7     940.7    -12.4%     -7.0%
 PEAS               43.8     794.1   1,018.9    -22.1%     +9.0%
 FLAXSEED            9.8     329.9     328.4     +0.5%     +0.2%
 CANOLA-EXPORTS    201.1   3,059.9   2,316.2    +32.1%     +6.0%
 CANOLA-CRUSH       76.8   1,803.2   1,713.2     +5.2%     +8.6%
U.S. EXPORTS ('000 TONNES) as of Jan 01/2009
 WHEAT             288.3  18,149.4  21,885.8    -17.1%    -20.9%
 BARLEY             N/A      227.8     539.3    -57.8%    -51.2%
 CORN              593.4  13,710.3  21,785.9    -37.1%    -26.1%
 SOYBEANS          781.4  14,286.3  12,765.4    +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