Weekly Crop Market Review - May 27, 2011

The next weekly will be published on Friday, June 3, 2011
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of May 27/2011
              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     602.80     577.90     599.70     +22.60
        -SASK  NOV11     604.10     584.50     602.80     +19.50
        -SASK  JAN12     611.10     591.20     609.90     +19.40

U.S. FUTURES (U.S. $/BUSHEL) as of May 27/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   JUL11   8.26       7.79       8.19 3/4  +0.13 1/4
        -CBT   SEP11   8.71       8.28 1/2   8.68 1/4  +0.19
WHEAT   -MINN  JUL11  10.78       9.85 3/4  10.56 1/4  +0.56 1/2
        -MINN  SEP11  10.55 1/4   9.70 1/4  10.18 3/4  +0.38
WHEAT   -KANS  JUL11   9.61 1/4   9.12       9.43      +0.09 3/4
        -KANS  SEP11   9.80       9.30 3/4   9.61 1/2  +0.11 3/4
CORN    -CBT   JUL11   7.66 3/4   7.27 1/4   7.58 1/2  -0.01
        -CBT   SEP11   7.28       7.00       7.28      +0.10 1/2
OATS    -CBT   JUL11   3.82 3/4   3.58       3.82 3/4  +0.18 3/4
        -CBT   SEP11   3.92       3.65 1/4   3.92      +0.20 1/2
SOYBEAN -CBT   JUL11  13.98      13.67      13.79 3/4  -0.00 1/2
        -CBT   AUG11  13.93 1/2  13.62 1/2  13.75 3/4  +0.04
        -CBT   SEP11  13.85      13.53      13.72 1/2  +0.12 1/4
SOYOIL  -CBT   JUL11      58.90      56.91      58.61      +1.15
(¢/lb)  -CBT   AUG11      59.10      57.45      58.89      +1.20
SOYMEAL -CBT   JUL11     363.50     353.80     355.60      -5.00
($/ton) -CBT   AUG11     362.60     355.00     356.60      -3.40

FEEDMILL BIDS on May 23/2011 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           210.00-215.00    195.00-212.00
      -REDDEER             N/A              N/A
      -EDMTN          183.72-218.00    183.72-214.00
OATS  -EDMTN          136.17-190.00    136.17-188.00
PEAS - EDMTN          194.74-220.46    194.74-220.46
BARLEY-LETH           209.00-210.00    200.00-210.00
      -MH/BRKS        187.00-208.00    183.00-206.00
      -CALGARY             N/A         196.00-206.00
      -REDDEER             N/A              N/A
      -VERM           160.76-169.94    160.76-174.53
      -EDMTN          165.35-206.00    165.35-206.00
      -GRANDEP        172.24-183.72    172.24-183.72
CANOLA CRUSHER on May 25/2011
      -Meal (FOB)        260.33           263.23
      -Seed (DEL)        562.83           551.41

ELEVATOR BIDS on May 27/2011 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     181.63           178.82
FEED OATS  -Red Deer     172.19           161.55
FEED BARLEY-Red Deer     171.27           171.27
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       515.72           506.27
CANOLA     -Red Deer     589.06           558.95

SPECIAL CROP CASH BIDS on May 26/2011
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           268.04      7.29      4.85
     FEED                         159.29      4.34      2.73
     LARGE YELLOW #2 OR BETTER    275.21      7.49      4.49
                                              $/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      0.18

WORLD AND US CASH MARKETS (CAN $/TONNE) as of May 26/2011
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    488.25   474.00   410.00   287.43    +42.6%
      -CWB #1CWRS VANC*     461.35     N/A    407.58   280.41    +45.4%
      -#1DNS GREAT FALLS    400.97   371.41   343.65   192.41    +78.6%
      -#1DNS PORTLAND       444.84   418.01   390.82   230.15    +69.8%
CORN  -#2 CHICAGO           286.08   284.06   223.93   139.90    +60.1%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     218.46   213.45   175.65   110.33    +59.2%
      -#2 STOCKTON            N/A      N/A    292.88   185.36    +58.0%
SOYBNS-#1 ILLINOIS          502.29   495.56   465.91   384.67    +21.1%
EXCH RATE May 26/2011: US$ in CANADA$  .9787  CANADA$ IN US$ 1.0218
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of May 22/2011
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #42   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    349.9   9,549.0  11,299.9    -15.5%    -18.4%
 DURUM              48.8   2,691.1   2,767.5     -2.8%     +5.7%
 BARLEY             11.0   1,190.6   1,102.7     +8.0%    +12.2%
 OATS                5.5     854.7     726.5    +17.6%     -0.1%
 PEAS               37.9   2,151.1   1,252.4    +71.8%    +33.2%
 FLAXSEED           11.5     276.7     491.2    -43.7%    -48.2%
 CANOLA            186.4   5,813.6   5,872.3     -1.0%     -6.0%

CANADIAN CANOLA CRUSH ('000 TONNES) as of May 25/2011
 CANOLA CRUSH      116.7   4,856.9   3,667.9    +32.4%    +25.3%

U.S. EXPORTS ('000 TONNES) as of May 19/2011
 WHEAT             820.8  33,388.6  22,774.2    +46.6%    +44.7%
 BARLEY              2.0     119.2      91.7    +30.0%    +33.3%
 CORN              909.4  32,118.5  32,925.3     -2.5%     -4.4%
 SOYBEANS          211.5  37,538.9  36,298.1     +3.4%     +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