Weekly Crop Market Review - January 28, 2011

The next weekly will be published on Friday, February 4, 2011
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Jan 28/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR11        N/A        N/A     194.00      +0.00
        -LETH  MAY11        N/A        N/A     200.00      +0.00
        -LETH  JUL11        N/A        N/A     200.00      +0.00
CANOLA  -SASK  MAR11     607.00     586.60     597.60      -4.00
        -SASK  MAY11     615.30     595.10     606.50      -3.30
        -SASK  JUL11     618.90     599.20     611.60      -2.10

U.S. FUTURES (U.S. $/BUSHEL) as of Jan 28/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR11   8.60 1/2   8.24       8.25 3/4  +0.01 1/4
        -CBT   MAY11   8.86       8.52       8.55 1/2  +0.05 1/4
WHEAT   -MINN  MAR11   9.86       9.36       9.61 1/2  +0.24 1/4
        -MINN  MAY11   9.94 1/2   9.44 3/4   9.69 3/4  +0.26 3/4
WHEAT   -KANS  MAR11   9.44       8.97 1/2   9.12      +0.12
        -KANS  MAY11   9.55       9.09       9.22 3/4  +0.12 3/4
CORN    -CBT   MAR11   6.62       6.39 1/2   6.44      -0.13 1/4
        -CBT   MAY11   6.71 3/4   6.50       6.54 1/2  -0.12 1/2
OATS    -CBT   MAR11   3.95 1/4   3.81       3.85 1/2  -0.00 1/2
        -CBT   MAY11   3.98 1/4   3.87       3.93 3/4  -0.00 1/4
SOYBEAN -CBT   MAR11  14.22      13.70 1/4  13.98      -0.14 1/4
        -CBT   MAY11  14.32      13.82      14.08 1/4  -0.14 1/2
        -CBT   JUL11  14.35 1/2  13.88      14.13 1/2  -0.16 1/2
SOYOIL  -CBT   MAR11      58.10      55.58      57.27      -0.29
(¢/lb)  -CBT   MAY11      58.35      56.35      57.77      -0.23
SOYMEAL -CBT   MAR11     384.00     371.70     377.00      -2.60
($/ton) -CBT   MAY11     386.00     374.20     379.50      -3.00

FEEDMILL BIDS on Jan 24/2011 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           197.00-197.00    190.00-197.00
      -REDDEER             N/A         190.00-195.00
      -EDMTN          176.37-202.09    176.37-199.00
OATS  -EDMTN          129.68-178.00    129.68-176.00
PEAS - EDMTN          194.74-220.46    200.00-202.09
BARLEY-LETH           194.00-195.00    185.00-192.00
      -MH/BRKS        183.00-192.00    184.00-190.00
      -CALGARY             N/A         180.00-190.00
      -REDDEER             N/A         180.00-185.00
      -VERM           153.87-160.76    156.16-160.76
      -EDMTN          160.76-188.00    160.76-190.00
      -GRANDEP             N/A              N/A
CANOLA CRUSHER on Jan 26/2011
      -Meal (FOB)        275.50           285.57
      -Seed (DEL)        564.50           574.70

ELEVATOR BIDS on Jan 28/2011 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     173.09           172.42
FEED OATS  -Red Deer     179.36           182.67
FEED BARLEY-Red Deer     159.84           157.34
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       547.61           547.61
CANOLA     -Red Deer     564.55           569.28

SPECIAL CROP CASH BIDS on Jan 27/2011
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           273.37      7.44      7.32
     FEED                         210.54      5.73      4.06
     LARGE YELLOW #2 OR BETTER    268.60      7.31      5.63
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 810.63      0.37      0.37
         #1 ESTON                 665.57      0.30      0.30
 MUSTARD #1 YELLOW                531.86      0.24      0.25
         #1 BROWN                 468.48      0.21      0.20
         #1 ORIENTAL              509.82      0.23      0.22

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Jan 27/2011
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    463.65   442.60   386.96   287.43    +34.6%
      -CWB #1CWRS VANC*       N/A    432.11   391.35   280.41    +39.6%
      -#1DNS GREAT FALLS    345.60   333.77   309.80   192.41    +61.0%
      -#1DNS PORTLAND         N/A      N/A    314.92   230.15    +36.8%
CORN  -#2 CHICAGO           239.98   242.20   197.73   139.90    +41.3%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     183.38   179.16   156.29   110.33    +41.7%
      -#2 STOCKTON            N/A      N/A      N/A    185.36     N/A
SOYBNS-#1 ILLINOIS          504.89   510.45   450.18   384.67    +17.0%
EXCH RATE Jan 27/2011: US$ in CANADA$  .9932  CANADA$ IN US$ 1.0068
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Jan 23/2011
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #25   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    128.9   5,453.5   6,294.3    -13.4%    -18.4%
 DURUM              24.2   1,809.6   1,603.9    +12.8%     +5.7%
 BARLEY             14.8     773.2     691.6    +11.8%    +12.2%
 OATS               19.9     619.3     464.4    +33.4%    -20.1%
 PEAS               15.2   1,241.7     789.6    +57.3%    +10.2%
 FLAXSEED            4.2     184.9     208.5    -11.3%    -48.2%
 CANOLA            199.5   3,494.1   3,368.8     +3.7%    -15.8%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Jan 26/2011
 CANOLA CRUSH      113.7   2,865.1   1,950.2    +46.9%    +29.5%

U.S. EXPORTS ('000 TONNES) as of Jan 20/2011
 WHEAT             627.9  19,791.5  14,488.4    +36.6%    +47.6%
 BARLEY             N/A       97.6      65.9    +48.0%    +66.7%
 CORN              657.2  16,497.7  16,093.8     +2.5%     -1.9%
 SOYBEANS        1,145.3  25,408.8  24,541.1     +3.5%     +5.9%

NOPA SOYBEAN Month Ending: Nov 30/2010
 SOYBEAN CRUSH   4,051.5  11,584.1  11,509.4     +0.6%     -5.5%
* From Canadian Grain Commission Calendar