Weekly Crop Market Review - January 16, 2009

The next weekly will be published on Friday, January 23, 2009
This information is collected by the Statistics and Data Development Unit

WINNIPEG FUTURES (CDN $/TONNE) as of Jan 16/2009
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -SASK  MAR09     149.80     143.00     149.80      -1.30
        -SASK  MAY09     157.30     152.00     157.40      +0.70
        -SASK  JUL09        N/A        N/A     161.90      +0.70
CANOLA  -SASK  MAR09     448.70     418.70     443.10      +5.20
        -SASK  MAY09     455.90     429.00     450.90      +4.90
        -SASK  JUL09     462.50     435.40     458.40      +4.30

U.S. FUTURES (U.S. $/BUSHEL) as of Jan 16/2009
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR09   6.03       5.62       5.78 1/4  -0.51 1/4
        -CBT   MAY09   6.15       5.74       5.90 3/4  -0.51 1/2
WHEAT   -MINN  MAR09        N/A        N/A   6.25 1/4  -0.55
        -MINN  MAY09        N/A        N/A   6.26      -0.59
WHEAT   -KANS  MAR09   6.96       5.89 1/2   6.09      -0.42
        -KANS  MAY09   6.25       6.03 1/2   6.20      -0.42 1/2
CORN    -CBT   MAR09   3.92 1/2   3.58 3/4   3.91      -0.19 3/4
        -CBT   MAY09   4.03       3.69 3/4   4.01 3/4  -0.19 1/2
OATS    -CBT   MAR09   2.22 3/4   2.08 3/4   2.22 1/2  -0.07 1/2
        -CBT   MAY09   2.32       2.18 1/2   2.32      -0.07 1/2
SOYBEAN -CBT   MAR09  10.24       9.62      10.20      -0.16
        -CBT   MAY09  10.31       9.70      10.29      -0.16 1/2
        -CBT   JUL09  10.41       9.80      10.38 1/2  -0.17 3/4
SOYOIL  -CBT   MAR09      35.60      33.80      34.59      -2.13
(¢/lb)  -CBT   MAY09      35.72      34.25      34.96      -2.13
SOYMEAL -CBT   MAR09     316.50     293.50     316.00      +1.50
($/ton) -CBT   MAY09     317.50     295.90     317.30      +1.40

FEEDMILL BIDS on Jan 12/2009 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           170.00-190.00    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           151.10-176.00    160.00-176.00
      -MH/BRKS        150.00-160.00    151.00-163.00
      -CALGARY        147.00-170.00    147.00-160.00
      -REDDEER        142.40-170.00    142.40-160.00
      -VERM           133.20-142.40    133.20-142.40
      -EDMTN          121.70-170.00    114.80-160.00
      -PEACE R        137.80-140.10    135.50-137.80
CANOLA CRUSHER on Jan 14/2009
      -Meal (FOB)        310.00           295.67
      -Seed (DEL)        429.10           418.10

ELEVATOR BIDS on Jan 16/2009 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     154.28           154.28
FEED OATS  -Red Deer     103.81           100.67
FEED BARLEY-Red Deer     138.17           133.32
RYE        -Red Deer     151.30           152.30
FLAXSEED   -Brooks       377.93           366.52
CANOLA     -Red Deer     428.41           417.42

SPECIAL CROP CASH BIDS on Jan 15/2009
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           280.36      7.63      9.92
     FEED                         140.36      3.82      4.07
     LARGE YELLOW #2 OR BETTER    206.87      5.63      9.13
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 490.53      0.22      0.27
         #1 ESTON                 497.14      0.23      0.21
 MUSTARD #1 YELLOW                890.11      0.40      0.50
         #1 BROWN                 653.12      0.30      0.36
         #1 ORIENTAL              857.04      0.39      0.24

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Jan 15/2009
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    415.10   409.05   399.75   466.99    -14.4%
      -CWB #1CWRS VANC*     395.85   398.24   403.51   485.04    -16.8%
      -#1DNS GREAT FALLS    308.33   296.95   304.41   374.44    -18.7%
      -#1DNS PORTLAND       354.20   350.10   346.86   402.31    -13.8%
CORN  -#2 CHICAGO           172.57   176.65   183.81   183.26     +0.3%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     109.67   103.28   155.31   207.48    -25.1%
      -#2 STOCKTON          275.91   253.32   293.59   299.99     -2.1%
SOYBNS-#1 ILLINOIS          455.02   427.40   433.45   440.20     -1.5%
EXCH RATE Jan 15/2009: US$ in CANADA$ 1.2515  CANADA$ IN US$ 0.7990
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Jan 11/2009
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #24   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    343.7   5,949.8   5,677.0     +4.8%    +12.2%
 DURUM              49.2   1,281.4   1,658.4    -22.7%    +18.3%
 BARLEY             51.6     549.8   1,265.0    -56.5%    -59.2%
 OATS               38.5     862.2   1,088.7    -20.8%     -7.0%
 PEAS               N/A      794.1   1,060.1    -25.1%     +9.0%
 FLAXSEED            3.3     333.2     332.5     +0.2%     +0.2%
 CANOLA-EXPORTS     69.5   3,129.4   2,414.8    +29.6%     +6.0%
 CANOLA-CRUSH       69.4   1,872.5   1,790.3     +4.6%     +8.6%
U.S. EXPORTS ('000 TONNES) as of Jan 08/2009
 WHEAT             533.8  18,758.6  22,505.5    -16.6%    -20.9%
 BARLEY               .1     227.9     578.5    -60.6%    -51.2%
 CORN              508.4  14,231.3  23,238.1    -38.8%    -28.2%
 SOYBEANS          632.2  14,942.9  13,490.0    +10.8%     -5.3%
NOPA SOYBEAN Month Ending: Nov 30/2008
 SOYBEAN CRUSH    3794.3  10,973.0  12,017.0     -8.7%     -6.4%
* From Canadian Grain Commission Calendar