Weekly Crop Market Review - June 3, 2011

The next weekly will be published on Friday, June 10, 2011
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Jun 03/2011
              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     603.00     587.20     597.10      -2.60
        -SASK  NOV11     606.80     589.80     599.80      -3.00
        -SASK  JAN12     613.70     598.60     607.60      -2.30

U.S. FUTURES (U.S. $/BUSHEL) as of Jun 03/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   JUL11   8.00       7.57       7.73 3/4  -0.46
        -CBT   SEP11   8.49 1/2   8.08 3/4   8.19 1/2  -0.48 3/4
WHEAT   -MINN  JUL11  10.77 1/4  10.03 1/2  10.60 1/2  +0.04 1/4
        -MINN  SEP11  10.14 3/4   9.71 1/2   9.93 1/2  -0.25 1/4
WHEAT   -KANS  JUL11   9.28 1/2   8.90       9.14 1/4  -0.28 3/4
        -KANS  SEP11   9.48       9.09 1/2   9.33 1/2  -0.28
CORN    -CBT   JUL11   7.70       7.43 1/4   7.54      -0.04 1/2
        -CBT   SEP11   7.41 3/4   7.12       7.31      +0.03
OATS    -CBT   JUL11   3.87       3.76       3.78      -0.04 3/4
        -CBT   SEP11   3.95 1/2   3.87       3.87      -0.05
SOYBEAN -CBT   JUL11  14.19      13.70 1/2  14.14 1/2  +0.34 3/4
        -CBT   AUG11  14.10      13.71      14.07 1/2  +0.31 3/4
        -CBT   SEP11  14.01 1/2  13.62 1/4  14.01 1/2  +0.29
SOYOIL  -CBT   JUL11      59.22      58.05      58.73      +0.12
(¢/lb)  -CBT   AUG11      59.45      58.45      59.01      +0.12
SOYMEAL -CBT   JUL11     370.90     352.80     368.40     +12.80
($/ton) -CBT   AUG11     370.00     355.00     367.90     +11.30

FEEDMILL BIDS on May 30/2011 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           212.00-212.00    210.00-215.00
      -REDDEER             N/A              N/A
      -EDMTN          183.72-218.00    183.72-218.00
OATS  -EDMTN          136.17-188.00    136.17-190.00
PEAS - EDMTN          194.74-220.46    194.74-220.46
BARLEY-LETH           208.00-212.00    209.00-210.00
      -MH/BRKS        190.00-210.00    187.00-208.00
      -CALGARY             N/A              N/A
      -REDDEER             N/A              N/A
      -VERM           165.35-169.94    160.76-169.94
      -EDMTN          165.35-208.00    165.35-206.00
      -GRANDEP        172.24-172.24    172.24-183.72
CANOLA CRUSHER on Jun 01/2011
      -Meal (FOB)        265.23           260.33
      -Seed (DEL)        583.15           562.83

ELEVATOR BIDS on Jun 03/2011 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     187.12           181.63
FEED OATS  -Red Deer     180.65           172.19
FEED BARLEY-Red Deer     175.27           171.27
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       529.11           515.72
CANOLA     -Red Deer     575.39           589.06

SPECIAL CROP CASH BIDS on Jun 02/2011
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           268.04      7.29      4.85
     FEED                         159.29      4.34      2.74
     LARGE YELLOW #2 OR BETTER    273.56      7.44      4.48
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 778.78      0.35      0.27
         #1 ESTON                 613.21      0.28      0.24
 MUSTARD #1 YELLOW                749.57      0.34      0.21
         #1 BROWN                 650.36      0.29      0.16
         #1 ORIENTAL              578.71      0.26      0.18

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Jun 02/2011
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    481.95   488.25   411.64   287.43    +43.2%
      -CWB #1CWRS VANC*     476.42   461.35   411.89   280.41    +46.9%
      -#1DNS GREAT FALLS    388.23   400.97   345.78   192.41    +79.7%
      -#1DNS PORTLAND       419.06   444.84   392.48   230.15    +70.5%
CORN  -#2 CHICAGO           294.59   286.08   225.54   139.90    +61.2%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     220.46   218.46   176.66   110.33    +60.1%
      -#2 STOCKTON            N/A      N/A    292.88   185.36    +58.0%
SOYBNS-#1 ILLINOIS          509.39   502.29   466.90   384.67    +21.4%
EXCH RATE Jun 02/2011: US$ in CANADA$  .9756  CANADA$ IN US$ 1.0250
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of May 29/2011
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #43   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    315.1   9,960.5  11,620.3    -14.3%    -18.4%
 DURUM              12.0   2,713.1   2,875.1     -5.6%     +5.7%
 BARLEY             10.7   1,201.3   1,113.4     +7.9%    +12.2%
 OATS                6.7     861.4     742.7    +16.0%     -0.1%
 PEAS               49.0   2,200.1   1,292.5    +70.2%    +33.2%
 FLAXSEED            2.4     279.1     503.0    -44.5%    -48.2%
 CANOLA             97.6   5,911.2   5,953.3     -0.7%     -6.0%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Jun 01/2011
 CANOLA CRUSH       90.8   4,947.7   3,747.2    +32.0%    +25.3%

U.S. EXPORTS ('000 TONNES) as of May 26/2011
 WHEAT             713.4  34,107.8  23,116.4    +47.5%    +44.7%
 BARLEY               .5     119.7      92.3    +29.7%    +33.3%
 CORN              905.3  33,030.1  34,172.2     -3.3%     -4.4%
 SOYBEANS          280.9  37,855.1  36,457.3     +3.8%     +3.3%

NOPA SOYBEAN Month Ending: Apr 30/2011
 SOYBEAN CRUSH   3,302.0  29,839.6  32,097.0     -7.0%     -5.8%
* From Canadian Grain Commission Calendar