Weekly Crop Market Review - December 23, 2011

The next weekly will be published on Friday, January 6, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Dec 23/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR12        N/A        N/A     217.00      -3.00
        -LETH  MAY12        N/A        N/A     222.00      -3.00
        -LETH  JUL12        N/A        N/A     222.00      -3.00
CANOLA  -SASK  JAN12     522.20     506.30     521.20     +14.90
        -SASK  MAR12     518.20     508.00     517.10      +9.40
        -SASK  MAY12     520.80     510.10     518.30      +7.80

U.S. FUTURES (U.S. $/BUSHEL) as of Dec 23/2011
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR12   6.27 3/4   5.81 3/4   6.22      +0.38 1/4
        -CBT   MAY12   6.45 1/2   6.02       6.39 1/2  +0.36
WHEAT   -MINN  MAR12   8.49 3/4   8.05       8.44 1/2  +0.33 1/4
        -MINN  MAY12   8.26       7.95       8.18 1/2  +0.24 3/4
WHEAT   -KANS  MAR12   6.81       6.37 1/4   6.75      +0.35 1/2
        -KANS  MAY12   6.89       6.48       6.83 1/4  +0.35 1/4
CORN    -CBT   MAR12   6.25       5.84 1/4   6.19 1/2  +0.36 1/2
        -CBT   MAY12   6.33 1/2   5.93       6.28      +0.36 1/4
OATS    -CBT   MAR12   3.14       3.02       3.11 1/4  +0.10
        -CBT   MAY12   3.18       3.05 3/4   3.15 1/4  +0.10
SOYBEAN -CBT   JAN12  11.68      11.31 3/4  11.63      +0.33
        -CBT   MAR12  11.77 1/4  11.41 1/2  11.72 1/2  +0.33
        -CBT   MAY12  11.87 1/4  11.53      11.82 1/4  +0.32
SOYOIL  -CBT   JAN12      51.05      49.05      50.96      +1.41
(¢/lb)  -CBT   MAR12      51.42      49.42      51.37      +1.44
SOYMEAL -CBT   JAN12     302.40     289.60     297.00      +6.70
($/ton) -CBT   MAR12     305.70     293.00     300.80      +7.30

FEEDMILL BIDS on Dec 19/2011 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A         208.00-213.00
      -REDDEER             N/A         198.00-205.00
      -EDMTN               N/A         195.00-200.00
OATS  -EDMTN               N/A         155.00-165.00
PEAS - EDMTN               N/A         236.00-245.00
BARLEY-LETH                N/A         213.00-215.00
      -MH/BRKS             N/A         208.00-213.00
      -CALGARY             N/A         205.00-208.00
      -REDDEER             N/A         192.00-199.00
      -VERM                N/A         190.00-195.00
      -EDMTN               N/A         184.00-190.00
      -GRANDEP             N/A         158.00-169.00
CANOLA CRUSHER on Dec 21/2011
      -Meal (FOB)        233.13           211.33
      -Seed (DEL)        498.64           485.13

ELEVATOR BIDS on Dec 23/2011 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     177.62           179.38
FEED OATS  -Red Deer       N/A            160.88
FEED BARLEY-Red Deer     183.68           183.72
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       506.27           504.70
CANOLA     -Red Deer     514.70           503.43

SPECIAL CROP CASH BIDS on Dec 22/2011
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           318.94      8.68      7.57
     FEED                         176.37      4.80      5.73
     LARGE YELLOW #2 OR BETTER    311.96      8.49      6.65
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 607.15      0.28      0.38
         #1 ESTON                 603.84      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 $/TONNE) as of Dec 22/2011
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    406.91   403.67   415.88   417.33     -0.3%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS    302.41   295.31   312.64   334.17     -6.4%
      -#1DNS PORTLAND       345.55   342.50   352.55   378.41     -6.8%
CORN  -#2 CHICAGO           242.20   230.37   251.47   231.77     +8.5%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     213.86   216.92   219.14   181.75    +20.6%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          434.56   421.56   463.80   470.24     -1.4%
EXCH RATE Dec 22/2011: US$ in CANADA$ 1.0211  CANADA$ IN US$ 0.9793
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Dec 18/2011
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #20   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    435.3   5,294.2   4,482.0    +18.1%    +13.4%
 DURUM              21.5   1,399.1   1,492.5     -6.3%    +10.0%
 BARLEY             11.1     466.9     610.7    -23.5%     -3.8%
 OATS               17.9     595.0     493.0    +20.7%    +12.2%
 PEAS               34.8     938.9   1,081.0    -13.1%    -33.6%
 FLAXSEED            7.1     103.7     164.9    -37.1%    -25.7%
 CANOLA             72.0   3,368.5   2,841.8    +18.5%     +1.4%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Dec 21/2011
 CANOLA CRUSH      135.1   2,539.7   2,302.1    +10.3%     +9.3%

U.S. EXPORTS ('000 TONNES) as of Dec 15/2011
 WHEAT             444.3  15,423.7  16,927.8     -8.9%    -28.2%
 BARLEY             N/A      121.7      97.0    +25.5%    +25.0%
 CORN            1,117.7  12,244.2  13,016.9     -5.9%    -12.8%
 SOYBEANS          851.1  13,345.0  20,249.8    -34.1%    -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