Weekly Crop Market Review - March 2, 2012

The next weekly will be published on Friday, March 9, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Mar 02/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAY12        N/A        N/A     220.00      +3.00
        -LETH  JUL12        N/A        N/A     223.00      +3.00
        -LETH  OCT12        N/A        N/A     265.90      +0.00
CANOLA  -SASK  MAY12     578.90     564.00     570.50      +6.30
        -SASK  JUL12     578.40     565.30     571.80      +6.90
        -SASK  OCT12        N/A        N/A     260.50      +3.50

U.S. FUTURES (U.S. $/BUSHEL) as of Mar 02/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAY12   6.75 1/2   6.33       6.74 1/2  +0.33 1/4
        -CBT   JUL12   6.87 1/2   6.45       6.86 1/4  +0.33 1/4
WHEAT   -MINN  MAY12   8.34 1/4   7.81 1/4   8.31 1/2  +0.39
        -MINN  JUL12   8.27       7.78 3/4   8.25 3/4  +0.36 1/2
WHEAT   -KANS  MAY12   7.20 1/2   6.80 1/2   7.19      +0.30 3/4
        -KANS  JUL12   7.28 1/2   6.88 1/4   7.27 1/2  +0.31
CORN    -CBT   MAY12   6.61 1/2   6.36 1/2   6.55      +0.11
        -CBT   JUL12   6.63 1/4   6.39 1/2   6.56 1/4  +0.09 3/4
OATS    -CBT   MAY12   3.16 1/4   3.03 1/2   3.05 3/4  -0.05 1/4
        -CBT   JUL12   3.17       3.03 3/4   3.04 3/4  -0.07 1/2
SOYBEAN -CBT   MAY12  13.33      12.84      13.33      +0.46 1/4
        -CBT   JUL12  13.40 1/4  12.93      13.40 1/4  +0.45
        -CBT   AUG12  13.30 1/2  12.88      13.30 1/2  +0.41
SOYOIL  -CBT   MAY12      55.25      53.78      54.08      -0.57
(/lb)  -CBT   JUL12      55.65      54.17      54.48      -0.57
SOYMEAL -CBT   MAY12     360.10     336.30     359.10     +22.90
($/ton) -CBT   JUL12     360.80     338.30     359.90     +21.80

FEEDMILL BIDS on Feb 27/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH           218.00-223.00    215.00-217.00
      -REDDEER        198.00-210.00    202.00-210.00
      -EDMTN          205.00-211.00    200.00-205.00
OATS  -EDMTN          172.00-179.00    148.00-156.00
PEAS - EDMTN          244.00-252.00    244.00-252.00
BARLEY-LETH           215.00-220.00    213.00-216.00
      -MH/BRKS        213.00-216.00    210.00-213.00
      -CALGARY        213.00-215.00    208.00-212.00
      -REDDEER        200.00-207.00    200.00-204.00
      -VERM           203.00-206.00    199.00-203.00
      -EDMTN          190.00-195.00    190.00-200.00
      -GRANDEP        166.00-174.00    178.00-189.00
CANOLA CRUSHER on Feb 29/2012
      -Meal (FOB)        272.33           264.00
      -Seed (DEL)        570.53           553.93

ELEVATOR BIDS on Mar 02/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     187.80           185.30
FEED OATS  -Red Deer     159.04           162.52
FEED BARLEY-Red Deer     186.73           180.84
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       512.57           507.85
CANOLA     -Red Deer     562.24           568.06

SPECIAL CROP CASH BIDS on Mar 01/2012
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           313.24      8.53      7.70
     FEED                         187.58      5.11      5.73
     LARGE YELLOW #2 OR BETTER    308.83      8.41      7.56
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 552.70      0.25      0.38
         #1 ESTON                 601.97      0.27      0.32
 MUSTARD #1 YELLOW                785.39      0.36      0.29
         #1 BROWN                 662.26      0.30      0.25
         #1 ORIENTAL              532.74      0.24      0.26

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Mar 01/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    366.43   374.91   406.05   417.33     -2.7%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS    297.41     N/A    306.99   334.17     -8.1%
      -#1DNS PORTLAND       339.26     N/A    348.09   378.41     -8.0%
CORN  -#2 CHICAGO           249.57   247.23   249.86   231.77     +7.8%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     184.75   186.94   211.47   181.75    +16.4%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          480.17   470.57   460.81   470.24     -2.0%
EXCH RATE Mar 01/2012: US$ in CANADA$  .9859  CANADA$ IN US$ 1.0143
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Feb 26/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #30   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    280.7   7,686.4   6,432.5    +19.5%    +15.0%
 DURUM              12.8   2,064.1   2,049.3     +0.7%     +3.9%
 BARLEY             26.0     723.7     862.6    -16.1%    -19.8%
 OATS               14.4     779.4     662.7    +17.6%    +12.0%
 PEAS               N/A    1,128.9   1,533.5    -26.4%    -33.6%
 FLAXSEED            1.2     129.2     205.7    -37.2%    -25.7%
 CANOLA            217.1   5,519.8   4,241.3    +30.1%     +5.6%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Feb 29/2012
 CANOLA CRUSH      126.2   3,930.4   3,446.4    +14.0%    +12.5%

U.S. EXPORTS ('000 TONNES) as of Feb 23/2012
 WHEAT             255.1  19,719.2  23,472.0    -16.0%    -24.4%
 BARLEY               .4     128.2     111.0    +15.5%    +25.0%
 CORN              686.8  20,399.8  20,427.0     -0.1%     -7.4%
 SOYBEANS        1,006.2  23,688.6  31,362.5    -24.5%    -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