Weekly Crop Market Review - March 23, 2012

The next weekly will be published on Friday, March 30, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Mar 23/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  MAY12        N/A        N/A     224.00      +0.00
        -LETH  JUL12        N/A        N/A     227.00      +0.00
        -LETH  OCT12        N/A        N/A     270.00      +4.50
CANOLA  -SASK  MAY12     601.80     585.00     598.50      -1.30
        -SASK  JUL12     600.50     583.70     596.80      -2.10
        -SASK  OCT12     260.50     259.60     259.60      -1.00

U.S. FUTURES (U.S. $/BUSHEL) as of Mar 23/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   MAY12   6.75 1/4   6.31 1/4   6.54 1/4  -0.17 3/4
        -CBT   JUL12   6.81       6.41 1/4   6.64 1/2  -0.12 3/4
WHEAT   -MINN  MAY12   8.25       7.95       8.17 1/4  -0.05 1/2
        -MINN  JUL12   8.22 1/4   7.90 1/2   8.11 1/2  -0.05 3/4
WHEAT   -KANS  MAY12   7.10       6.67 1/4   6.94 1/2  -0.11
        -KANS  JUL12   7.18       6.76       7.02 1/4  -0.11 1/4
CORN    -CBT   MAY12   6.75 3/4   6.36 3/4   6.46 1/2  -0.26 1/2
        -CBT   JUL12   6.73 1/4   6.36       6.44 1/2  -0.25 3/4
OATS    -CBT   MAY12   3.39       3.22       3.33      -0.01 1/4
        -CBT   JUL12   3.31       3.12 3/4   3.27      +0.03 3/4
SOYBEAN -CBT   MAY12  13.78      13.38 1/2  13.65 3/4  -0.08 1/4
        -CBT   JUL12  13.84 1/2  13.45 3/4  13.71 3/4  -0.09
        -CBT   AUG12  13.72 1/2  13.38 3/4  13.62 3/4  -0.06 1/2
SOYOIL  -CBT   MAY12      55.60      53.66      54.88      -0.62
(/lb)  -CBT   JUL12      55.98      54.06      55.29      -0.60
SOYMEAL -CBT   MAY12     374.50     363.80     373.00      -1.40
($/ton) -CBT   JUL12     375.30     365.20     373.90      -1.80

FEEDMILL BIDS on Mar 19/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A       223.00-230.00
      -REDDEER             N/A       212.00-218.00
      -EDMTN               N/A       208.00-220.00
OATS  -EDMTN               N/A       161.00-172.00
PEAS - EDMTN               N/A       247.00-253.00
BARLEY-LETH                N/A       228.00-233.00
      -MH/BRKS             N/A       227.00-230.00
      -CALGARY             N/A       227.00-230.00
      -REDDEER             N/A       217.00-222.00
      -VERM                N/A       216.00-220.00
      -EDMTN               N/A       205.00-210.00
      -GRANDEP             N/A       180.00-192.00
CANOLA CRUSHER on Mar 21/2012
      -Meal (FOB)        269.78           269.92
      -Seed (DEL)        588.83           587.03

ELEVATOR BIDS on Mar 23/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     199.05           197.94
FEED OATS  -Red Deer     169.62           154.41
FEED BARLEY-Red Deer     193.77           191.27
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       553.51           543.28
CANOLA     -Red Deer     601.05           603.51

SPECIAL CROP CASH BIDS on Mar 22/2012
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           358.44      9.76      7.44
     FEED                         182.62      4.97      3.94
     LARGE YELLOW #2 OR BETTER    326.10      8.88      7.07
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 545.64      0.25      0.37
         #1 ESTON                 660.94      0.30      0.30
 MUSTARD #1 YELLOW                774.37      0.35      0.30
         #1 BROWN                 654.99      0.30      0.28
         #1 ORIENTAL              553.91      0.25      0.26

WORLD AND US CASH MARKETS (CAN $/TONNE) as of Mar 22/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW    363.01   368.15   402.72   417.33     -3.5%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS    296.44   297.86   305.85   334.17     -8.5%
      -#1DNS PORTLAND       339.60   341.06   347.06   378.41     -8.3%
CORN  -#2 CHICAGO           248.73   256.44   249.81   231.77     +7.8%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     198.91   197.42   210.17   181.75    +15.6%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          498.46   501.47   463.96   470.24     -1.3%
EXCH RATE Mar 22/2012: US$ in CANADA$  .9997  CANADA$ IN US$ 1.0003
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of Mar 18/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #33   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    311.8   8,492.7   7,170.0    +18.4%    +15.0%
 DURUM              31.0   2,170.3   2,178.0     -0.4%     +3.9%
 BARLEY             52.7     807.7     953.0    -15.2%    -19.8%
 OATS               11.2     831.5     705.6    +17.8%    +12.0%
 PEAS                4.4   1,189.4   1,688.3    -29.6%    -33.6%
 FLAXSEED             .3     153.7     209.4    -26.6%    -25.7%
 CANOLA            205.9   6,069.5   4,592.6    +32.2%     +5.6%

CANADIAN CANOLA CRUSH ('000 TONNES) as of Mar 21/2012
 CANOLA CRUSH      148.3   4,373.7   3,812.2    +14.7%    +12.5%

U.S. EXPORTS ('000 TONNES) as of Mar 15/2012
 WHEAT             571.0  21,653.5  25,548.3    -15.2%    -22.4%
 BARLEY             N/A      131.1     112.7    +16.3%    +25.0%
 CORN              589.2  22,794.1  23,383.8     -2.5%     -7.4%
 SOYBEANS          645.9  26,087.4  33,876.6    -23.0%    -15.1%

NOPA SOYBEAN Month Ending: Jan 31/2012
 SOYBEAN CRUSH   3,886.7  18,533.7  19,481.3     -4.9%     -2.0%
* From Canadian Grain Commission Calendar