Weekly Crop Market Review - February 4, 2011

The next weekly will be published on Friday, February 11, 2011
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Feb 04/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR11        N/A        N/A     194.00      +0.00
        -LETH  MAY11        N/A        N/A     205.00      +5.00
        -LETH  JUL11        N/A        N/A     205.00      +5.00
CANOLA  -SASK  MAR11     613.70     598.10     609.40     +11.80
        -SASK  MAY11     622.00     607.00     617.90     +11.40
        -SASK  JUL11     627.20     611.20     625.30     +13.70

U.S. FUTURES (U.S. $/BUSHEL) as of Feb 04/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR11   8.65       8.34       8.53 3/4  +0.28
        -CBT   MAY11   8.94 3/4   8.66       8.84 3/4  +0.29 1/4
WHEAT   -MINN  MAR11  10.16 1/4   9.59 1/4   9.88 1/2  +0.27
        -MINN  MAY11  10.24       9.68 1/4   9.98 3/4  +0.29
WHEAT   -KANS  MAR11   9.55 1/2   9.22       9.42 3/4  +0.30 3/4
        -KANS  MAY11   9.67       9.32 3/4   9.53 3/4  +0.31
CORN    -CBT   MAR11   6.78 3/4   6.50       6.78 1/2  +0.34 1/2
        -CBT   MAY11   6.89 1/2   6.61       6.89 1/4  +0.34 3/4
OATS    -CBT   MAR11   4.18       3.94       4.15 1/2  +0.30
        -CBT   MAY11   4.23 1/4   4.04       4.21      +0.27 1/4
SOYBEAN -CBT   MAR11  14.52 1/2  14.03 1/2  14.33 1/2  +0.35 1/2
        -CBT   MAY11  14.61      14.15      14.44      +0.35 3/4
        -CBT   JUL11  14.64      14.20      14.50      +0.36 1/2
SOYOIL  -CBT   MAR11      59.40      57.62      58.98      +1.71
(¢/lb)  -CBT   MAY11      59.89      58.19      59.51      +1.74
SOYMEAL -CBT   MAR11     391.00     376.70     383.20      +6.20
($/ton) -CBT   MAY11     391.90     379.20     385.90      +6.40

FEEDMILL BIDS on Jan 31/2011 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           197.00-199.00    197.00-197.00
      -REDDEER             N/A              N/A
      -EDMTN          176.37-202.09    176.37-202.09
OATS  -EDMTN          129.68-180.00    129.68-178.00
PEAS - EDMTN          200.00-238.84    194.74-220.46
BARLEY-LETH           192.00-194.00    194.00-195.00
      -MH/BRKS        183.50-192.00    183.00-192.00
      -CALGARY             N/A              N/A
      -REDDEER             N/A              N/A
      -VERM           151.57-160.76    153.87-160.76
      -EDMTN          160.76-190.00    160.76-188.00
      -GRANDEP        172.24-172.24         N/A
CANOLA CRUSHER on Feb 02/2011
      -Meal (FOB)        290.67           275.50
      -Seed (DEL)        582.70           564.50

ELEVATOR BIDS on Feb 04/2011 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     172.83           173.09
FEED OATS  -Red Deer     187.24           179.36
FEED BARLEY-Red Deer     159.84           159.84
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       551.15           547.61
CANOLA     -Red Deer     584.15           564.55

SPECIAL CROP CASH BIDS on Feb 03/2011
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           274.11      7.46      7.32
     FEED                         210.54      5.73      3.75
     LARGE YELLOW #2 OR BETTER    275.76      7.50      5.43
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 865.75      0.39      0.36
         #1 ESTON                 698.09      0.32      0.30
 MUSTARD #1 YELLOW                628.31      0.28      0.25
         #1 BROWN                 496.04      0.22      0.20
         #1 ORIENTAL              545.64      0.25      0.22

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Feb 03/2011
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    475.75   463.65   390.25   287.43    +35.8%
      -CWB #1CWRS VANC*     465.67     N/A    398.10   280.41    +42.0%
      -#1DNS GREAT FALLS    355.76   345.60   317.46   192.41    +65.0%
      -#1DNS PORTLAND       399.09     N/A    357.00   230.15    +55.1%
CORN  -#2 CHICAGO           244.03   239.98   199.45   139.90    +42.6%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     189.53   183.38   157.52   110.33    +42.8%
      -#2 STOCKTON            N/A      N/A      N/A    185.36     N/A
SOYBNS-#1 ILLINOIS          519.80   504.89   452.76   384.67    +17.7%
EXCH RATE Feb 03/2011: US$ in CANADA$  .9910  CANADA$ IN US$ 1.0091
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Jan 30/2011
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #26   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    113.6   5,676.0   6,644.3    -14.6%    -18.4%
 DURUM              24.9   1,853.0   1,630.0    +13.7%     +5.7%
 BARLEY             17.7     791.0     702.1    +12.7%    +12.2%
 OATS               22.6     598.0     478.4    +25.0%    -20.1%
 PEAS               45.8   1,287.5     796.3    +61.7%    +10.2%
 FLAXSEED            4.5     189.4     261.2    -27.5%    -48.2%
 CANOLA            184.6   3,678.7   3,464.4     +6.2%    -15.8%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Feb 02/2011
 CANOLA CRUSH      118.4   2,983.5   2,037.3    +46.4%    +29.5%

U.S. EXPORTS ('000 TONNES) as of Jan 27/2011
 WHEAT             580.0  20,426.0  15,001.1    +36.2%    +47.6%
 BARLEY             N/A       97.6      66.6    +46.5%    +66.7%
 CORN              474.7  16,992.4  17,101.7     -0.6%     -1.9%
 SOYBEANS          808.0  26,247.0  25,799.9     +1.7%     +5.9%

NOPA SOYBEAN Month Ending: Dec 31/2010
 SOYBEAN CRUSH   3,960.8  15,545.0  15,982.9     -2.7%     -5.5%
* From Canadian Grain Commission Calendar