Weekly Crop Market Review - December 16, 2011

The next weekly will be published on Friday, December 23, 2011
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Dec 16/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR12        N/A        N/A     220.00      +0.00
        -LETH  MAY12        N/A        N/A     225.00      +0.00
        -LETH  JUL12        N/A        N/A     225.00      +0.00
CANOLA  -SASK  JAN12     509.00     496.50     506.30      +6.80
        -SASK  MAR12     510.50     497.00     507.70      +7.10
        -SASK  MAY12     512.20     500.40     510.50      +6.20

U.S. FUTURES (U.S. $/BUSHEL) as of Dec 16/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR12   6.09       5.77 1/4   5.83 3/4  -0.12 1/4
        -CBT   MAY12   6.27 1/4   5.97 1/2   6.03 1/2  -0.14 1/4
WHEAT   -MINN  MAR12   8.37 1/4   8.11       8.11 1/4  -0.16
        -MINN  MAY12   8.21       7.90       7.93 3/4  -0.15 1/4
WHEAT   -KANS  MAR12   6.64       6.35       6.39 1/2  -0.22
        -KANS  MAY12   6.71 1/2   6.44       6.48      -0.22 1/4
CORN    -CBT   MAR12   6.01 1/2   5.76 1/4   5.83      -0.11 1/4
        -CBT   MAY12   6.09 3/4   5.84 1/2   5.91 3/4  -0.11 1/4
OATS    -CBT   MAR12   3.11 1/2   2.97 1/2   3.01 1/4  -0.00 3/4
        -CBT   MAY12   3.13 3/4   3.01 1/2   3.05 1/4  +0.01 1/4
SOYBEAN -CBT   JAN12  11.30 1/2  10.94 1/4  11.30      +0.23
        -CBT   MAR12  11.39 3/4  11.04 1/2  11.39 1/2  +0.23
        -CBT   MAY12  11.50 1/4  11.15 1/2  11.50 1/4  +0.23 1/4
SOYOIL  -CBT   JAN12      49.80      48.34      49.55      -0.05
(¢/lb)  -CBT   MAR12      50.16      48.71      49.93      -0.05
SOYMEAL -CBT   JAN12     290.30     275.40     290.30     +13.40
($/ton) -CBT   MAR12     293.50     279.80     293.50     +12.30

FEEDMILL BIDS on Dec 12/2011 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A         214.00-216.00
      -REDDEER             N/A         198.00-204.00
      -EDMTN               N/A         198.00-204.00
OATS  -EDMTN               N/A         153.00-168.00
PEAS - EDMTN               N/A         235.00-245.00
BARLEY-LETH                N/A         215.00-218.00
      -MH/BRKS             N/A         210.00-214.00
      -CALGARY             N/A              N/A
      -REDDEER             N/A         198.00-205.00
      -VERM                N/A         194.00-198.00
      -EDMTN               N/A         184.00-195.00
      -GRANDEP             N/A         163.00-174.00
CANOLA CRUSHER on Dec 14/2011
      -Meal (FOB)        211.33           208.77
      -Seed (DEL)        485.13           492.67

ELEVATOR BIDS on Dec 16/2011 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     179.38           181.40
FEED OATS  -Red Deer     160.88           166.19
FEED BARLEY-Red Deer     183.72           184.72
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       504.70           511.78
CANOLA     -Red Deer     503.43           500.48

SPECIAL CROP CASH BIDS on Dec 15/2011
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           318.94      8.68      7.55
     FEED                         185.19      5.04      5.73
     LARGE YELLOW #2 OR BETTER    311.96      8.49      6.62
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 610.23      0.28      0.37
         #1 ESTON                 588.19      0.27      0.30
 MUSTARD #1 YELLOW                799.17      0.36      0.23
         #1 BROWN                 692.69      0.31      0.19
         #1 ORIENTAL              556.66      0.25      0.20

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Dec 15/2011
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    403.67   394.72   416.32   417.33     -0.2%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS    295.31   293.83   313.21   334.17     -6.3%
      -#1DNS PORTLAND       342.50   340.05   352.99   378.41     -6.7%
CORN  -#2 CHICAGO           230.37   235.41   251.94   231.77     +8.7%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     216.92   214.17   219.41   181.75    +20.7%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          421.56   427.97   465.27   470.24     -1.1%
EXCH RATE Dec 15/2011: US$ in CANADA$ 1.0357  CANADA$ IN US$ 0.9655
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Dec 11/2011
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #19   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    268.7   4,858.9   4,158.3    +16.8%    +13.4%
 DURUM              85.6   1,377.6   1,453.3     -5.2%    +10.0%
 BARLEY             34.5     455.8     600.8    -24.1%     -3.8%
 OATS               19.6     579.0     477.6    +21.2%    +12.2%
 PEAS               60.4     904.1   1,006.4    -10.2%    -33.6%
 FLAXSEED            4.4      96.2     128.9    -25.4%    -25.7%
 CANOLA            197.3   3,296.5   2,689.8    +22.6%     +1.4%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Dec 14/2011
 CANOLA CRUSH      134.6   2,404.6   2,302.1     +4.5%     +9.3%

U.S. EXPORTS ('000 TONNES) as of Dec 08/2011
 WHEAT             449.2  14,971.8  16,188.0     -7.5%    -28.2%
 BARLEY             N/A      121.7      96.4    +26.3%    +25.0%
 CORN              906.2  11,092.6  12,212.4     -9.2%    -12.8%
 SOYBEANS          809.6  12,487.9  18,692.2    -33.2%    -13.4%

NOPA SOYBEAN Month Ending: Oct 31/2011
 SOYBEAN CRUSH   3,842.2   6,844.4   7,532.7     -9.1%     -1.4%
* From Canadian Grain Commission Calendar