Weekly Crop Market Review - May 20, 2011

The next weekly will be published on Friday, May 27, 2011
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of May 20/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  JUL11        N/A        N/A     205.00      +0.00
        -LETH  OCT11        N/A        N/A     205.00      +0.00
        -LETH  DEC11        N/A        N/A     205.00      +0.00
CANOLA  -SASK  JUL11     580.70     551.80     577.10     +22.30
        -SASK  NOV11     586.00     555.10     583.30     +27.60
        -SASK  JAN12     593.00     564.50     590.50     +27.30

U.S. FUTURES (U.S. $/BUSHEL) as of May 20/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   JUL11   8.33 1/2   7.32       8.06 1/2  +0.78 3/4
        -CBT   SEP11   8.74       7.84       8.49 1/4  +0.72 1/4
WHEAT   -MINN  JUL11  10.24       9.02 1/4   9.99 3/4  +0.99 1/2
        -MINN  SEP11  10.04 1/2   9.07       9.80 3/4  +0.77 1/4
WHEAT   -KANS  JUL11   9.53 1/2   8.69 1/2   9.33 1/4  +0.63 3/4
        -KANS  SEP11   9.68 1/2   8.89 1/2   9.49 3/4  +0.62 3/4
CORN    -CBT   JUL11   7.65       6.94 3/4   7.59 1/2  +0.77 1/2
        -CBT   SEP11   7.24 1/2   6.66       7.17 1/2  +0.63 3/4
OATS    -CBT   JUL11   3.72       3.48       3.64      +0.19 1/2
        -CBT   SEP11   3.74 1/2   3.55 1/2   3.71 1/2  +0.19 1/2
SOYBEAN -CBT   JUL11  13.95      13.13      13.80 1/4  +0.50 3/4
        -CBT   AUG11  13.85      13.10      13.71 3/4  +0.45 1/4
        -CBT   SEP11  13.63      13.14 1/4  13.60 1/4  +0.42 1/4
SOYOIL  -CBT   JUL11      58.05      55.14      57.46      +1.32
(¢/lb)  -CBT   AUG11      58.18      55.50      57.69      +1.36
SOYMEAL -CBT   JUL11     365.00     344.00     360.60     +15.20
($/ton) -CBT   AUG11     364.00     344.00     360.00      +9.30

FEEDMILL BIDS on May 16/2011 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           195.00-212.00    205.00-212.00
      -REDDEER             N/A              N/A
      -EDMTN          183.72-214.00    183.72-215.00
OATS  -EDMTN          136.17-188.00    136.17-185.00
PEAS - EDMTN          194.74-220.46    194.74-220.46
BARLEY-LETH           200.00-210.00    207.00-209.00
      -MH/BRKS        183.00-206.00    183.00-205.00
      -CALGARY        196.00-206.00         N/A
      -REDDEER             N/A              N/A
      -VERM           160.76-174.53    160.76-174.53
      -EDMTN          165.35-206.00    165.35-205.00
      -GRANDEP        172.24-183.72    172.24-181.42
CANOLA CRUSHER on May 18/2011
      -Meal (FOB)        263.23           247.33
      -Seed (DEL)        551.41           542.90

ELEVATOR BIDS on May 20/2011 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     178.82           182.15
FEED OATS  -Red Deer     161.55           150.22
FEED BARLEY-Red Deer     171.27           171.27
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       506.27           498.40
CANOLA     -Red Deer     558.95           534.89

SPECIAL CROP CASH BIDS on May 19/2011
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           272.64      7.42      4.83
     FEED                         159.29      4.34      2.73
     LARGE YELLOW #2 OR BETTER    272.27      7.41      4.67
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 782.64      0.35      0.27
         #1 ESTON                 611.23      0.28      0.24
 MUSTARD #1 YELLOW                738.55      0.33      0.21
         #1 BROWN                 628.31      0.28      0.16
         #1 ORIENTAL              584.22      0.26      0.17

WORLD AND US CASH MARKETS (CAN $/TONNE) as of May 19/2011
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    474.00   440.55   408.14   287.43    +42.0%
      -CWB #1CWRS VANC*       N/A      N/A    403.74   280.41    +44.0%
      -#1DNS GREAT FALLS    371.41   335.91   340.64   192.41    +77.0%
      -#1DNS PORTLAND       418.01   374.80   387.22   230.15    +68.2%
CORN  -#2 CHICAGO           284.06   252.12   222.45   139.90    +59.0%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     213.45   209.50   174.63   110.33    +58.3%
      -#2 STOCKTON            N/A      N/A    292.88   185.36    +58.0%
SOYBNS-#1 ILLINOIS          495.56   478.49   465.05   384.67    +20.9%
EXCH RATE May 19/2011: US$ in CANADA$  .9682  CANADA$ IN US$ 1.0328
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of May 15/2011
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #41   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    285.8   9,199.1  11,010.7    -16.5%    -18.4%
 DURUM              66.3   2,642.3   2,732.5     -3.3%     +5.7%
 BARLEY              3.6   1,179.6   1,097.0     +7.5%    +12.2%
 OATS               15.2     849.2     720.6    +17.8%     -0.1%
 PEAS               46.1   2,113.2   1,237.7    +70.7%    +33.2%
 FLAXSEED            3.1     265.2     470.0    -43.6%    -48.2%
 CANOLA            188.0   5,627.2   5,671.1     -0.8%     -6.0%

CANADIAN CANOLA CRUSH ('000 TONNES) as of May 18/2011
 CANOLA CRUSH      106.8   4,740.2   3,567.9    +32.9%    +25.3%

U.S. EXPORTS ('000 TONNES) as of May 12/2011
 WHEAT             817.5  32,563.1  22,200.3    +46.7%    +44.7%
 BARLEY             N/A      117.2      91.3    +28.3%    +33.3%
 CORN              937.6  31,163.9  31,773.6     -1.9%     -4.4%
 SOYBEANS          140.1  37,299.9  36,173.8     +3.1%     +3.3%

NOPA SOYBEAN Month Ending: Mar 31/2011
 SOYBEAN CRUSH   3,657.5  26,537.5  28,512.2     -6.9%     -5.8%
* From Canadian Grain Commission Calendar