Weekly Crop Market Review - January 7, 2011

The next weekly will be published on Friday, January 14, 2011
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Jan 07/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR11        N/A        N/A     194.00      +0.00
        -LETH  MAY11        N/A        N/A     194.00      +0.00
        -LETH  JUL11        N/A        N/A     194.00      +0.00
CANOLA  -SASK  MAR11     594.50     576.10     586.10      -3.20
        -SASK  MAY11     601.00     580.60     592.50      -1.00
        -SASK  JUL11     599.30     581.00     590.80      -1.70

U.S. FUTURES (U.S. $/BUSHEL) as of Jan 07/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR11   8.23 1/2   7.72       7.74      -0.20 1/4
        -CBT   MAY11   8.46 1/2   8.01       8.01 3/4  -0.19
WHEAT   -MINN  MAR11   9.08       8.66       8.70 3/4  -0.10 3/4
        -MINN  MAY11   9.15       8.74       8.80 1/4  -0.09 3/4
WHEAT   -KANS  MAR11   8.80       8.42       8.46 1/4  -0.04 3/4
        -KANS  MAY11   8.87       8.54 1/2   8.56 1/4  -0.03 1/4
CORN    -CBT   MAR11   6.33 3/4   5.95       5.95      -0.34
        -CBT   MAY11   6.41       6.03 3/4   6.03 3/4  -0.32 3/4
OATS    -CBT   MAR11   3.98       3.70 1/2   3.70 3/4  -0.23 1/4
        -CBT   MAY11   4.02 1/2   3.75 1/2   3.75 1/2  -0.23
SOYBEAN -CBT   MAR11  14.08 1/2  13.58      13.65      -0.38
        -CBT   MAY11  14.15      13.68      13.73 3/4  -0.35 1/4
        -CBT   JUL11  14.17 1/2  13.72      13.77 3/4  -0.33 3/4
SOYOIL  -CBT   MAR11      58.92      56.38      56.82      -1.55
(¢/lb)  -CBT   MAY11      59.30      56.90      57.22      -1.52
SOYMEAL -CBT   MAR11     374.50     361.70     362.70     -11.20
($/ton) -CBT   MAY11     375.50     364.00     365.00      -9.50

FEEDMILL BIDS on Jan 03/2011 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           195.00-196.00    194.00-196.00
      -REDDEER             N/A              N/A
      -EDMTN          165.35-183.72    169.02-198.00
OATS  -EDMTN               N/A         129.68-170.00
PEAS - EDMTN          183.72-220.46    190.00-220.46
BARLEY-LETH           191.00-195.00    192.00-196.00
      -MH/BRKS        182.00-195.00    182.00-189.00
      -CALGARY             N/A              N/A
      -REDDEER             N/A              N/A
      -VERM           156.16-160.76         N/A
      -EDMTN          160.76-165.00    160.00-186.00
      -GRANDEP        149.27-172.24    149.27-172.24
CANOLA CRUSHER on Jan 05/2011
      -Meal (FOB)        275.00           278.00
      -Seed (DEL)        561.27           550.97

ELEVATOR BIDS on Jan 07/2011 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     171.42           169.41
FEED OATS  -Red Deer     189.29           184.72
FEED BARLEY-Red Deer     159.42           160.34
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       547.61           547.61
CANOLA     -Red Deer     548.71           554.10

SPECIAL CROP CASH BIDS on Jan 06/2011
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           273.37      7.44      7.25
     FEED                         210.54      5.73      4.06
     LARGE YELLOW #2 OR BETTER    244.16      6.65      5.82
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 781.31      0.35      0.37
         #1 ESTON                 659.51      0.30      0.30
 MUSTARD #1 YELLOW                515.33      0.23      0.25
         #1 BROWN                 423.06      0.19      0.20
         #1 ORIENTAL              430.78      0.20      0.23

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Jan 06/2011
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    427.25   427.75   379.64   287.43    +32.1%
      -CWB #1CWRS VANC*       N/A      N/A    386.82   280.41    +37.9%
      -#1DNS GREAT FALLS    301.65     N/A    283.79   192.41    +47.5%
      -#1DNS PORTLAND         N/A      N/A    314.92   230.15    +36.8%
CORN  -#2 CHICAGO           221.35   226.56   192.14   139.90    +37.3%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     175.82   172.51   153.23   110.33    +38.9%
      -#2 STOCKTON            N/A      N/A      N/A    185.36     N/A
SOYBNS-#1 ILLINOIS          499.45   500.27   442.65   384.67    +15.1%
EXCH RATE Jan 06/2011: US$ in CANADA$  .9969  CANADA$ IN US$ 1.0031
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS AND CANOLA CRUSH ('000 TONNES) as of Jan 02/2011
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #22   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    378.9   4,861.1   5,675.2    -14.3%    -19.1%
 DURUM             161.9   1,654.4   1,432.4    +15.5%     -2.3%
 BARLEY             80.7     692.4     638.9     +8.4%    -10.3%
 OATS               40.7     565.1     400.5    +41.1%    -20.1%
 PEAS               58.1   1,139.1     701.1    +62.5%    +10.2%
 FLAXSEED           11.9     176.8     196.3     -9.9%    -48.2%
 CANOLA-EXPORTS    308.3   3,150.1   2,968.6     +6.1%    -15.8%
 CANOLA-CRUSH      109.9   2,412.1   1,627.7    +48.2%    +29.5%
U.S. EXPORTS ('000 TONNES) as of Dec 30/2010
 WHEAT             280.5  17,664.9  13,390.8    +31.9%    +41.9%
 BARLEY             N/A       96.9      64.7    +49.7%    +66.7%
 CORN              396.7  14,442.1  13,979.4     +3.3%     -1.9%
 SOYBEANS          548.4  21,492.4  20,458.2     +5.1%     +5.9%
NOPA SOYBEAN Month Ending: Oct 31/2010
 SOYBEAN CRUSH   4,133.0   7,532.7   7,147.9     +5.4%     -5.0%
* From Canadian Grain Commission Calendar