Weekly Crop Market Review - January 6, 2012

The next weekly will be published on Friday, January 13, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Jan 06/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR12        N/A        N/A     217.00      +0.00
        -LETH  MAY12        N/A        N/A     224.00      +0.00
        -LETH  JUL12        N/A        N/A     224.00      +0.00
CANOLA  -SASK  MAR12     532.20     520.20     523.40      -0.90
        -SASK  MAY12     535.50     524.60     528.80      +1.60
        -SASK  JUL12     536.50     526.40     532.70      +4.20

U.S. FUTURES (U.S. $/BUSHEL) as of Jan 06/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR12   6.70 3/4   6.24 1/2   6.24 3/4  -0.28
        -CBT   MAY12   6.89 1/4   6.43 1/4   6.43 3/4  -0.27 1/2
WHEAT   -MINN  MAR12   8.70 3/4   7.98       8.01      -0.48 1/2
        -MINN  MAY12   8.49 3/4   7.89 1/4   7.92 3/4  -0.32 1/2
WHEAT   -KANS  MAR12   7.31       6.79 1/2   6.80      -0.37
        -KANS  MAY12   7.27 1/2   6.88 1/4   6.88 1/2  -0.36 1/2
CORN    -CBT   MAR12   6.64 1/4   6.39 1/2   6.43 1/2  -0.03
        -CBT   MAY12   6.72 1/2   6.47 3/4   6.50 3/4  -0.04
OATS    -CBT   MAR12   3.17       2.86       2.87 1/4  -0.22 1/4
        -CBT   MAY12   3.18       2.91       2.91 1/2  -0.21 3/4
SOYBEAN -CBT   MAR12  12.35 3/4  11.93 1/2  11.96 1/2  -0.11 1/4
        -CBT   MAY12  12.45 1/4  12.03 1/4  12.06      -0.11 1/2
        -CBT   JUL12  12.54      12.12      12.14 1/2  -0.12 1/2
SOYOIL  -CBT   MAR12      53.79      51.09      51.12      -1.30
(/lb)  -CBT   MAY12      54.15      51.48      51.50      -1.28
SOYMEAL -CBT   MAR12     321.30     311.30     312.40      -0.70
($/ton) -CBT   MAY12     324.00     313.70     314.90      -0.90

FEEDMILL BIDS on Jan 02/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A         208.00-213.00
      -REDDEER             N/A         195.00-202.00
      -EDMTN               N/A         195.00-202.00
OATS  -EDMTN               N/A         163.00-175.00
PEAS - EDMTN               N/A         236.00-245.00
BARLEY-LETH                N/A         212.00-213.00
      -MH/BRKS             N/A         205.00-210.00
      -CALGARY             N/A         200.00-205.00
      -REDDEER             N/A         184.00-192.00
      -VERM                N/A         188.00-195.00
      -EDMTN               N/A         182.00-188.00
      -GRANDEP             N/A         158.00-167.00
CANOLA CRUSHER on Jan 04/2012
      -Meal (FOB)        254.10           225.00
      -Seed (DEL)        510.60           501.33

ELEVATOR BIDS on Jan 06/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     181.70             N/A
FEED OATS  -Red Deer       N/A              N/A
FEED BARLEY-Red Deer     183.68             N/A
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       492.49           495.25
CANOLA     -Red Deer     514.34             N/A

SPECIAL CROP CASH BIDS on Jan 05/2012
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           324.82      8.84      7.44
     FEED                         185.00      5.04      5.73
     LARGE YELLOW #2 OR BETTER    304.98      8.30      6.65
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 579.15      0.26      0.35
         #1 ESTON                 588.52      0.27      0.30
 MUSTARD #1 YELLOW                768.86      0.35      0.23
         #1 BROWN                 677.04      0.31      0.19
         #1 ORIENTAL              570.44      0.26      0.20

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Jan 05/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    399.60   412.82   415.04   417.33     -0.5%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS    292.08   307.94   311.44   334.17     -6.8%
      -#1DNS PORTLAND       334.95   354.27   351.71   378.41     -7.1%
CORN  -#2 CHICAGO           251.75   252.38   251.52   231.77     +8.5%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     207.82   213.80   218.42   181.75    +20.2%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          449.91   444.47   462.36   470.24     -1.7%
EXCH RATE Jan 05/2012: US$ in CANADA$ 1.0191  CANADA$ IN US$ 0.9813
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Jan 01/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #22   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    394.3   5,713.5   4,861.1    +17.5%    +13.4%
 DURUM              51.2   1,473.1   1,654.4    -11.0%    +10.0%
 BARLEY             19.3     487.6     692.4    -29.6%     -3.8%
 OATS               35.8     630.9     565.1    +11.6%    +12.2%
 PEAS               69.1   1,008.0   1,139.1    -11.5%    -33.6%
 FLAXSEED            7.2     109.4     176.8    -38.1%    -25.7%
 CANOLA            476.3   3,872.3   3,150.1    +22.9%     +1.4%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Jan 04/2012
 CANOLA CRUSH      141.2   2,819.7   2,522.0    +11.8%     +9.3%

U.S. EXPORTS ('000 TONNES) as of Dec 29/2011
 WHEAT             363.6  16,220.5  17,857.2     -9.2%    -28.2%
 BARLEY             N/A      121.7      97.2    +25.2%    +25.0%
 CORN              626.2  13,908.8  14,737.9     -5.6%    -12.8%
 SOYBEANS          926.9  15,404.8  21,927.9    -29.7%    -13.4%

NOPA SOYBEAN Month Ending: Nov 30/2011
 SOYBEAN CRUSH   3,844.9  10,689.3  11,584.1     -7.7%     -1.4%
* From Canadian Grain Commission Calendar