Weekly Crop Market Review - February 3, 2012

The next weekly will be published on Friday, February 10, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Feb 03/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR12        N/A        N/A     212.00      +0.00
        -LETH  MAY12        N/A        N/A     216.00      +0.00
        -LETH  JUL12        N/A        N/A     220.00      +0.00
CANOLA  -SASK  MAR12     530.10     516.50     525.50      +1.10
        -SASK  MAY12     534.00     522.80     529.40      -1.90
        -SASK  JUL12     537.30     523.60     532.80      +1.30

U.S. FUTURES (U.S. $/BUSHEL) as of Feb 03/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR12   6.83 3/4   6.35 1/4   6.60 3/4  +0.13 1/2
        -CBT   MAY12   6.96       6.48 3/4   6.74      +0.12 1/4
WHEAT   -MINN  MAR12   8.44 1/2   8.16       8.38 1/2  +0.12 1/4
        -MINN  MAY12   8.31       8.02 1/4   8.26 1/4  +0.15
WHEAT   -KANS  MAR12   7.35 3/4   6.90 1/4   7.12 3/4  +0.12 3/4
        -KANS  MAY12   7.42 1/4   6.98 1/4   7.21 1/4  +0.12 1/2
CORN    -CBT   MAR12   6.50       6.27 1/2   6.44 1/2  +0.02 3/4
        -CBT   MAY12   6.55 3/4   6.33 1/2   6.50 3/4  +0.03 1/4
OATS    -CBT   MAR12   3.18       2.87 1/4   3.14 1/4  +0.15 1/2
        -CBT   MAY12   3.09       2.90 1/4   3.08      +0.07 1/2
SOYBEAN -CBT   MAR12  12.36 1/2  11.84 1/4  12.32 1/2  +0.13 1/2
        -CBT   MAY12  12.44 1/2  11.94 1/4  12.40 3/4  +0.12 1/4
        -CBT   JUL12  12.53 1/2  12.04      12.50 1/4  +0.12
SOYOIL  -CBT   MAR12      51.78      50.25      51.65      +0.06
(/lb)  -CBT   MAY12      52.22      50.68      52.08      +0.06
SOYMEAL -CBT   MAR12     329.80     312.70     328.60      +6.40
($/ton) -CBT   MAY12     331.30     314.80     330.20      +6.30

FEEDMILL BIDS on Jan 30/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A       207.00-211.00
      -REDDEER             N/A       192.00-196.00
      -EDMTN               N/A       188.00-194.00
OATS  -EDMTN               N/A       145.00-154.00
PEAS - EDMTN               N/A       246.00-262.00
BARLEY-LETH                N/A       208.00-210.00
      -MH/BRKS             N/A       205.00-208.00
      -CALGARY             N/A       198.00-201.00
      -REDDEER             N/A       190.00-194.00
      -VERM                N/A       192.00-198.00
      -EDMTN               N/A       186.00-192.00
      -GRANDEP             N/A       171.00-180.00
CANOLA CRUSHER on Feb 01/2012
      -Meal (FOB)        254.36           251.03
      -Seed (DEL)        517.10           511.60

ELEVATOR BIDS on Feb 03/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     184.38           181.88
FEED OATS  -Red Deer     148.02           153.22
FEED BARLEY-Red Deer     183.89           180.22
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       503.52           503.52
CANOLA     -Red Deer     524.07           522.37

SPECIAL CROP CASH BIDS on Feb 02/2012
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           331.98      9.03      7.46
     FEED                         185.37      5.05      5.73
     LARGE YELLOW #2 OR BETTER    306.26      8.34      7.50
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 567.69      0.26      0.39
         #1 ESTON                 586.98      0.27      0.32
 MUSTARD #1 YELLOW                790.90      0.36      0.28
         #1 BROWN                 680.67      0.31      0.22
         #1 ORIENTAL              515.33      0.23      0.25

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Feb 02/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    386.11   382.83   410.54   417.33     -1.6%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS    291.63   293.35   307.93   334.17     -7.9%
      -#1DNS PORTLAND       339.01   336.23   348.48   378.41     -7.9%
CORN  -#2 CHICAGO           249.10   246.27   250.28   231.77     +8.0%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     187.32   187.71   214.66   181.75    +18.1%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          448.83   450.78   459.95   470.24     -2.2%
EXCH RATE Feb 02/2012: US$ in CANADA$  .9996  CANADA$ IN US$ 1.0004
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Jan 29/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #26   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    141.0   6,552.9   5,676.0    +15.4%    +13.4%
 DURUM              45.6   1,715.1   1,853.0     -7.4%    +10.0%
 BARLEY             21.4     610.2     791.0    -22.9%     -3.8%
 OATS               22.9     763.7     598.0    +27.7%    +12.2%
 PEAS               N/A    1,041.3   1,287.5    -19.1%    -33.6%
 FLAXSEED            3.8     119.7     189.4    -36.8%    -25.7%
 CANOLA            208.4   4,684.7   3,678.7    +27.3%     +1.4%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Feb 01/2012
 CANOLA CRUSH      129.3   3,343.9   2,983.5    +12.1%     +9.3%

U.S. EXPORTS ('000 TONNES) as of Jan 26/2012
 WHEAT             507.7  17,873.0  20,579.0    -13.1%    -26.3%
 BARLEY             N/A      122.1      98.1    +24.4%    +25.0%
 CORN              576.4  17,046.2  17,345.5     -1.7%    -10.1%
 SOYBEANS        1,129.5  19,541.8  26,654.7    -26.7%    -15.1%

NOPA SOYBEAN Month Ending: Nov 30/2011
 SOYBEAN CRUSH   3,844.9  10,689.3  11,584.1     -7.7%     -2.0%
* From Canadian Grain Commission Calendar