Weekly Crop Market Review - May 11, 2012

The next weekly will be published on Friday, May 18, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of May 11/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  JUL12        N/A        N/A     237.00      +0.00
        -LETH  OCT12        N/A        N/A     275.60      -0.50
        -LETH  DEC12        N/A        N/A     280.10      -0.50
CANOLA  -SASK  JUL12     626.50     607.20     608.10     -13.70
        -SASK  OCT12        N/A        N/A     242.50      -5.50
        -SASK  NOV12     579.20     560.70     561.40     -15.80

U.S. FUTURES (U.S. $/BUSHEL) as of May 11/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   JUL12   6.21 1/4   5.92 1/4   5.97      -0.12 1/2
        -CBT   SEP12   6.35 1/4   6.07 1/4   6.11 3/4  -0.12 1/2
WHEAT   -MINN  JUL12   7.43       7.23 1/4   7.26 1/4  -0.17 3/4
        -MINN  SEP12   7.47 1/2   7.25       7.26      -0.19
WHEAT   -KANS  JUL12   6.41       6.09 1/2   6.10      -0.17
        -KANS  SEP12   6.56 1/4   6.25 3/4   6.26      -0.16 3/4
CORN    -CBT   JUL12   6.32       5.72 1/4   5.81      -0.39 1/4
        -CBT   SEP12   5.42       5.04 1/4   5.11 1/4  -0.24
OATS    -CBT   JUL12   3.42 1/2   3.30 1/4   3.32      -0.08
        -CBT   SEP12   3.44       3.36 1/4   3.36 1/4  -0.07 1/2
SOYBEAN -CBT   JUL12  14.78 3/4  14.02 1/2  14.06      -0.72 1/4
        -CBT   AUG12  14.58 1/4  13.90 1/4  13.93 1/2  -0.64 3/4
        -CBT   SEP12  13.99 1/2  13.48 1/2  13.50 3/4  -0.47 1/2
SOYOIL  -CBT   JUL12      53.97      52.09      52.24      -1.41
(/lb)  -CBT   AUG12      54.15      52.30      52.45      -1.40
SOYMEAL -CBT   JUL12     433.50     406.40     408.50     -24.10
($/ton) -CBT   AUG12     424.30     399.80     401.00     -21.50

FEEDMILL BIDS on May 07/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A       244.00-255.00
      -REDDEER             N/A       236.00-245.00
      -EDMTN               N/A       235.00-243.00
OATS  -EDMTN               N/A       158.00-175.00
PEAS - EDMTN               N/A       247.00-256.00
BARLEY-LETH                N/A       256.00-261.00
      -MH/BRKS             N/A       244.00-249.00
      -CALGARY             N/A       246.00-252.00
      -REDDEER             N/A       238.00-243.00
      -VERM                N/A       234.00-239.00
      -EDMTN               N/A       233.00-242.00
      -GRANDEP             N/A       188.00-196.00
CANOLA CRUSHER on May 09/2012
      -Meal (FOB)        325.94           338.13
      -Seed (DEL)        625.91           630.17

ELEVATOR BIDS on May 11/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     216.95           208.38
FEED OATS  -Red Deer     169.95           167.38
FEED BARLEY-Red Deer     222.83           209.85
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       559.42           573.59
CANOLA     -Red Deer     614.10           623.48

SPECIAL CROP CASH BIDS on May 10/2012
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           396.47     10.79      7.42
     FEED                         172.51      4.70      4.34
     LARGE YELLOW #2 OR BETTER    323.53      8.80      7.24
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 555.89      0.25      0.35
         #1 ESTON                 673.95      0.31      0.27
 MUSTARD #1 YELLOW                784.07      0.36      0.33
         #1 BROWN                 676.37      0.31      0.29
         #1 ORIENTAL              576.51      0.26      0.27

WORLD AND US CASH MARKETS (CAN $/TONNE) as of May 10/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW      N/A      N/A    400.92   417.33     -3.9%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS    264.64   262.35   301.70   334.17     -9.7%
      -#1DNS PORTLAND       310.83   309.40   343.49   378.41     -9.2%
CORN  -#2 CHICAGO           231.48   239.43   247.99   231.77     +7.0%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     202.07   197.30   207.21   181.75    +14.0%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          538.01   537.77   474.52   470.24     +0.9%
EXCH RATE May 10/2012: US$ in CANADA$ 1.0017  CANADA$ IN US$ 0.9983
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of May 06/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #40   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    420.4  10,768.6   8,913.3    +20.8%    +10.2%
 DURUM             167.3   2,963.3   2,576.0    +15.0%     -2.3%
 BARLEY             14.3     989.6   1,176.0    -15.9%    -19.8%
 OATS               13.3     953.8     834.0    +14.4%    +12.3%
 PEAS               33.3   1,336.9   2,067.1    -35.3%    -33.6%
 FLAXSEED             .3     191.6     262.1    -26.9%    -25.7%
 CANOLA            152.9   7,145.6   5,439.2    +31.4%    +11.2%

CANADIAN CANOLA CRUSH ('000 TONNES) as of May 09/2012
 CANOLA CRUSH      117.0   5,365.4   4,633.3    +15.8%    +12.5%

U.S. EXPORTS ('000 TONNES) as of May 03/2012
 WHEAT             655.1  25,591.9  31,773.5    -19.5%    -22.4%
 BARLEY             N/A      138.4     117.2    +18.1%    +25.0%
 CORN              744.9  28,174.1  30,254.9     -6.9%     -7.4%
 SOYBEANS          271.9  29,919.1  37,190.5    -19.6%    -14.1%

NOPA SOYBEAN Month Ending: Mar 31/2012
 SOYBEAN CRUSH   3,824.7  26,069.2  26,537.5     -1.8%     -1.1%
* From Canadian Grain Commission Calendar