Weekly Crop Market Review - February 17, 2012

The next weekly will be published on Friday, February 24, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Feb 17/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR12     213.00     212.00     213.00      +1.00
        -LETH  MAY12        N/A        N/A     217.00      +0.00
        -LETH  JUL12        N/A        N/A     220.00      +0.00
CANOLA  -SASK  MAR12     556.60     535.60     554.50     +19.20
        -SASK  MAY12     558.60     539.00     556.00     +18.10
        -SASK  JUL12     560.50     542.10     558.40     +18.10

U.S. FUTURES (U.S. $/BUSHEL) as of Feb 17/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR12   6.46 3/4   6.21       6.44      +0.14
        -CBT   MAY12   6.50       6.28 3/4   6.47 3/4  +0.09 3/4
WHEAT   -MINN  MAR12   8.27 1/2   8.08 1/4   8.22 1/4  +0.08
        -MINN  MAY12   8.22 1/2   8.01       8.17 1/4  +0.14 1/4
WHEAT   -KANS  MAR12   6.92 1/4   6.65 1/2   6.89 1/2  +0.16 1/2
        -KANS  MAY12   6.99 3/4   6.73       6.96 3/4  +0.15 3/4
CORN    -CBT   MAR12   6.46 3/4   6.21 3/4   6.41 3/4  +0.10
        -CBT   MAY12   6.50       6.26       6.45 1/4  +0.09 3/4
OATS    -CBT   MAR12   3.28       3.19       3.23 3/4  +0.05 3/4
        -CBT   MAY12   3.22       3.08       3.20 1/4  +0.10 3/4
SOYBEAN -CBT   MAR12  12.73 1/4  12.32      12.67 1/2  +0.38 1/2
        -CBT   MAY12  12.79 1/2  12.40 1/2  12.73 3/4  +0.36 1/4
        -CBT   JUL12  12.87 3/4  12.49 3/4  12.82      +0.35
SOYOIL  -CBT   MAR12      53.76      52.56      53.40      +0.87
(/lb)  -CBT   MAY12      54.12      52.92      53.80      +0.88
SOYMEAL -CBT   MAR12     334.80     320.50     332.50     +12.50
($/ton) -CBT   MAY12     337.10     323.40     335.10     +12.10

FEEDMILL BIDS on Feb 13/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A       210.00-213.00
      -REDDEER             N/A       198.00-203.00
      -EDMTN               N/A       196.00-202.00
OATS  -EDMTN               N/A       146.00-152.00
PEAS - EDMTN               N/A       246.00-254.00
BARLEY-LETH                N/A       210.00-213.00
      -MH/BRKS             N/A       205.00-208.00
      -CALGARY             N/A       203.00-208.00
      -REDDEER             N/A       196.00-202.00
      -VERM                N/A       195.00-198.00
      -EDMTN               N/A       184.00-192.00
      -GRANDEP             N/A       174.00-182.00
CANOLA CRUSHER on Feb 15/2012
      -Meal (FOB)        265.97           256.67
      -Seed (DEL)        542.81           527.53

ELEVATOR BIDS on Feb 17/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     185.30           187.80
FEED OATS  -Red Deer     163.14           167.24
FEED BARLEY-Red Deer     180.84           179.84
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       509.42           503.52
CANOLA     -Red Deer     555.63           535.81

SPECIAL CROP CASH BIDS on Feb 16/2012
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           331.98      9.03      7.70
     FEED                         198.78      5.41      5.73
     LARGE YELLOW #2 OR BETTER    308.83      8.40      8.04
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 549.61      0.25      0.38
         #1 ESTON                 584.66      0.27      0.32
 MUSTARD #1 YELLOW                784.51      0.36      0.29
         #1 BROWN                 677.04      0.31      0.24
         #1 ORIENTAL              511.14      0.23      0.25

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Feb 16/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    372.76   388.72   408.49   417.33     -2.1%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS      N/A    293.02   307.36   334.17     -8.0%
      -#1DNS PORTLAND         N/A      N/A    348.48   378.41     -7.9%
CORN  -#2 CHICAGO           245.68   245.75   249.96   231.77     +7.8%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     187.29   200.84   213.24   181.75    +17.3%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          464.19   451.42   459.80   470.24     -2.2%
EXCH RATE Feb 16/2012: US$ in CANADA$  .9965  CANADA$ IN US$ 1.0035
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Feb 12/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #28   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    172.7   7,164.5   6,126.8    +16.9%    +15.0%
 DURUM             106.5   1,982.9   1,921.0     +3.2%     +3.9%
 BARLEY             29.5     646.6     855.9    -24.5%    -19.8%
 OATS                7.1     745.3     635.6    +17.3%    +12.0%
 PEAS               11.6   1,081.7   1,403.2    -22.9%    -33.6%
 FLAXSEED           11.1     125.0     193.5    -35.4%    -25.7%
 CANOLA            147.4   5,152.0   3,950.7    +30.4%     +5.6%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Feb 15/2012
 CANOLA CRUSH      154.2   3,657.8   3,222.4    +13.5%    +12.5%

U.S. EXPORTS ('000 TONNES) as of Feb 09/2012
 WHEAT             449.1  18,791.3  22,089.0    -14.9%    -24.4%
 BARLEY              1.7     125.5      98.5    +27.4%    +25.0%
 CORN              737.0  18,821.7  18,787.7     +0.2%     -7.4%
 SOYBEANS        1,049.8  21,620.5  28,838.7    -25.0%    -15.1%

NOPA SOYBEAN Month Ending: Dec 31/2011
 SOYBEAN CRUSH   3,957.7  14,647.0  15,545.0     -5.8%     -2.0%
* From Canadian Grain Commission Calendar