Weekly Crop Market Review - February 24, 2012

The next weekly will be published on Friday, March 2, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Feb 24/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAR12     214.00     214.00     214.00      +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     569.50     554.20     567.70     +13.20
        -SASK  MAY12     565.80     554.80     564.20      +8.20
        -SASK  JUL12     566.40     559.00     564.90      +6.50

U.S. FUTURES (U.S. $/BUSHEL) as of Feb 24/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAR12   6.48 3/4   6.23 1/2   6.41      -0.03
        -CBT   MAY12   6.52 1/4   6.28       6.41 1/4  -0.06 1/2
WHEAT   -MINN  MAR12   8.25       7.83       7.86 1/2  -0.35 3/4
        -MINN  MAY12   8.21       7.88 1/2   7.92 1/2  -0.24 3/4
WHEAT   -KANS  MAR12   6.92 1/4   6.70 1/4   6.81      -0.08 1/2
        -KANS  MAY12   6.99 1/4   6.77 1/4   6.88 1/4  -0.08 1/2
CORN    -CBT   MAR12   6.45       6.25 1/4   6.40 3/4  -0.01
        -CBT   MAY12   6.48       6.28 3/4   6.44      -0.01 1/4
OATS    -CBT   MAR12   3.27 3/4   3.17 3/4   3.19 1/2  -0.04 1/4
        -CBT   MAY12   3.24       3.09       3.11      -0.09 1/4
SOYBEAN -CBT   MAR12  12.84 3/4  12.60      12.79      +0.11 1/2
        -CBT   MAY12  12.91 3/4  12.66 1/2  12.86 3/4  +0.13
        -CBT   JUL12  12.99 1/2  12.74 1/2  12.95 1/4  +0.13 1/4
SOYOIL  -CBT   MAR12      54.35      53.34      54.29      +0.89
(/lb)  -CBT   MAY12      54.73      53.72      54.65      +0.85
SOYMEAL -CBT   MAR12     336.40     327.30     333.60      +1.10
($/ton) -CBT   MAY12     338.90     329.80     336.20      +1.10

FEEDMILL BIDS on Feb 20/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A       210.00-214.00
      -REDDEER             N/A       198.00-204.00
      -EDMTN               N/A       195.00-202.00
OATS  -EDMTN               N/A       152.00-164.00
PEAS - EDMTN               N/A       238.00-248.00
BARLEY-LETH                N/A       211.00-214.00
      -MH/BRKS             N/A       208.00-210.00
      -CALGARY             N/A       205.00-210.00
      -REDDEER             N/A       198.00-204.00
      -VERM                N/A       197.00-202.00
      -EDMTN               N/A       188.00-194.00
      -GRANDEP             N/A       176.00-184.00
CANOLA CRUSHER on Feb 22/2012
      -Meal (FOB)        264.00           265.97
      -Seed (DEL)        553.93           542.81

ELEVATOR BIDS on Feb 24/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     185.30           185.30
FEED OATS  -Red Deer     162.52           163.14
FEED BARLEY-Red Deer     180.84           180.84
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       507.85           509.42
CANOLA     -Red Deer     568.06           555.63

SPECIAL CROP CASH BIDS on Feb 23/2012
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           331.98      9.03      7.64
     FEED                         187.58      5.11      5.73
     LARGE YELLOW #2 OR BETTER    309.38      8.42      7.25
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 560.63      0.25      0.38
         #1 ESTON                 579.92      0.26      0.32
 MUSTARD #1 YELLOW                785.39      0.36      0.29
         #1 BROWN                 662.26      0.30      0.25
         #1 ORIENTAL              521.72      0.24      0.26

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Feb 23/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    374.91   372.76   407.37   417.33     -2.4%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS      N/A      N/A    307.36   334.17     -8.0%
      -#1DNS PORTLAND         N/A      N/A    348.48   378.41     -7.9%
CORN  -#2 CHICAGO           247.23   245.68   249.87   231.77     +7.8%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS       N/A    187.29   213.24   181.75    +17.3%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          470.57   464.19   460.16   470.24     -2.1%
EXCH RATE Feb 23/2012: US$ in CANADA$  .9976  CANADA$ IN US$ 1.0024
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Feb 19/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #29   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    241.2   7,405.7   6,342.7    +16.8%    +15.0%
 DURUM              68.4   2,051.3   2,022.2     +1.4%     +3.9%
 BARLEY             51.1     697.7     862.5    -19.1%    -19.8%
 OATS               19.7     765.0     653.4    +17.1%    +12.0%
 PEAS               26.8   1,128.9   1,418.3    -20.4%    -33.6%
 FLAXSEED            3.0     128.0     195.3    -34.5%    -25.7%
 CANOLA            150.7   5,302.7   4,105.2    +29.2%     +5.6%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Feb 22/2012
 CANOLA CRUSH      146.4   3,804.2   3,341.6    +13.8%    +12.5%

U.S. EXPORTS ('000 TONNES) as of Feb 16/2012
 WHEAT             602.8  19,460.7  22,939.2    -15.2%    -24.4%
 BARLEY              2.3     127.8      98.5    +29.7%    +25.0%
 CORN              883.4  19,710.8  19,786.3     -0.4%     -7.4%
 SOYBEANS        1,045.3  22,680.7  29,991.1    -24.4%    -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