Weekly Crop Market Review - February 27, 2009

The next weekly will be published on Friday, March 6, 2009
This information is collected by the Statistics and Data Development Unit

WINNIPEG FUTURES (CDN $/TONNE) as of Feb 27/2009
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -SASK  MAR09     143.50     128.80     128.80      -8.70
        -SASK  MAY09     147.50     137.70     138.70      -3.80
        -SASK  JUL09     151.60     143.00     143.30      -3.80
CANOLA  -SASK  MAR09     426.50     406.70     407.10      -1.00
        -SASK  MAY09     418.40     403.20     404.80      -5.20
        -SASK  JUL09     422.70     407.60     409.10      -6.20

U.S. FUTURES (U.S. $/BUSHEL) as of Feb 27/2009
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR09   5.28 1/2   5.06       5.10 1/2  -0.08 3/4
        -CBT   MAY09   5.43       5.16       5.21 1/2  -0.09
WHEAT   -MINN  MAR09   6.38 3/4   6.13 1/2   6.26      +0.01 1/4
        -MINN  MAY09   6.21 1/2   5.98       6.06 1/4  +0.01
WHEAT   -KANS  MAR09   5.71 1/2   5.44 1/2   5.52      -0.04 1/4
        -KANS  MAY09   5.80       5.53       5.60      -0.03 1/2
CORN    -CBT   MAR09   3.71 1/2   3.45 3/4   3.50 3/4  +0.00 1/2
        -CBT   MAY09   3.80 1/4   3.54 1/2   3.59      +0.00
OATS    -CBT   MAR09   1.84       1.75       1.84 1/2  +0.16
        -CBT   MAY09   1.94 1/2   1.81 1/2   1.94      +0.16
SOYBEAN -CBT   MAR09   8.89       8.55       8.74 1/2  +0.12
        -CBT   MAY09   8.90 1/2   8.52       8.72      +0.08 3/4
        -CBT   JUL09   8.94 1/2   8.56       8.75      +0.05 3/4
SOYOIL  -CBT   MAR09      32.20      30.03      30.85      +0.63
(¢/lb)  -CBT   MAY09      32.50      30.30      31.11      +0.58
SOYMEAL -CBT   MAR09     279.00     264.80     275.80      +5.80
($/ton) -CBT   MAY09     275.00     258.50     269.80      +2.60

FEEDMILL BIDS on Feb 23/2009 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           165.30-185.00    175.00-185.00
      -REDDEER        165.30-170.00    165.30-170.00
      -EDMTN          161.70-170.00    163.10-170.00
OATS  -EDMTN               N/A              N/A
PEAS - EDMTN          202.10-213.10    192.90-213.10
BARLEY-LETH           139.70-162.00    139.70-164.00
      -MH/BRKS        148.00-165.00    146.00-163.10
      -CALGARY        142.00-158.00    142.00-164.00
      -REDDEER        136.00-155.00    136.00-164.00
      -VERM                N/A         128.60-133.20
      -EDMTN          128.60-158.00    130.00-164.00
      -PEACE R        126.30-137.80    126.30-137.80
CANOLA CRUSHER on Feb 25/2009
      -Meal (FOB)        262.33           270.90
      -Seed (DEL)        416.73           423.20

ELEVATOR BIDS on Feb 27/2009 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     163.50           163.50
FEED OATS  -Red Deer       N/A            122.29
FEED BARLEY-Red Deer     125.84           130.14
RYE        -Red Deer       N/A            149.50
FLAXSEED   -Brooks       416.91           414.15
CANOLA     -Red Deer     403.02           409.64

SPECIAL CROP CASH BIDS on Feb 26/2009
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           293.95      8.00     11.58
     FEED                         158.00      4.30      4.91
     LARGE YELLOW #2 OR BETTER    218.63      5.95     11.25
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 654.22      0.30      0.35
         #1 ESTON                 526.35      0.24      0.28
 MUSTARD #1 YELLOW                835.00      0.38      0.55
         #1 BROWN                 614.54      0.28      0.42
         #1 ORIENTAL              812.95      0.37      0.28

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Feb 26/2009
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    383.75   375.70   400.83   466.99    -14.2%
      -CWB #1CWRS VANC*     392.11   385.14   398.98   485.04    -17.7%
      -#1DNS GREAT FALLS    297.93   295.21   303.82   374.44    -18.9%
      -#1DNS PORTLAND       336.15   332.23   346.20   402.31    -13.9%
CORN  -#2 CHICAGO           176.87   170.91   181.82   183.26     -0.8%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     100.15   101.33   145.32   207.48    -30.0%
      -#2 STOCKTON          248.66   249.87   286.31   299.99     -4.6%
SOYBNS-#1 ILLINOIS          406.60   415.05   434.08   440.20     -1.4%
EXCH RATE Feb 26/2009: US$ in CANADA$ 1.2532  CANADA$ IN US$ 0.7980
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Feb 22/2009
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #30   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    189.4   7,054.8   6,625.0     +6.5%     +9.0%
 DURUM              69.7   1,650.4   1,956.4    -15.6%     +8.7%
 BARLEY             38.4     707.4   1,781.8    -60.3%    -45.6%
 OATS               21.0   1,010.4   1,238.0    -18.4%     -7.0%
 PEAS               54.8   1,022.7   1,233.1    -17.1%     +9.0%
 FLAXSEED            4.3     350.2     351.9     -0.5%     +0.2%
 CANOLA-EXPORTS    165.1   4,042.9   3,185.7    +26.9%    +14.8%
 CANOLA-CRUSH       79.0   2,359.2   2,265.5     +4.1%     +8.6%
U.S. EXPORTS ('000 TONNES) as of Feb 19/2009
 WHEAT             272.8  20,851.1  25,863.7    -19.4%    -20.9%
 BARLEY             N/A      236.4     663.7    -64.4%    -51.2%
 CORN              670.2  18,824.0  31,240.8    -39.7%    -28.2%
 SOYBEANS          748.2  21,553.0  18,882.0    +14.1%     -0.9%
NOPA SOYBEAN Month Ending: Dec 31/2008
 SOYBEAN CRUSH    3668.3  14,641.3  16,260.0    -10.0%     -8.4%
* From Canadian Grain Commission Calendar