Weekly Crop Market Review - May 18, 2012

The next weekly will be published on Friday, May 25, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of May 18/2012
              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      +0.00
        -LETH  DEC12        N/A        N/A     280.10      +0.00
CANOLA  -SASK  JUL12     615.80     586.10     613.20      +5.10
        -SASK  OCT12        N/A        N/A     245.00      +2.50
        -SASK  NOV12     565.30     549.00     562.60      +1.20

U.S. FUTURES (U.S. $/BUSHEL) as of May 18/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   JUL12   6.97 1/2   5.92 1/4   6.95 1/4  +0.98 1/4
        -CBT   SEP12   7.07 1/2   6.06 3/4   7.03      +0.91 1/4
WHEAT   -MINN  JUL12   8.07 1/4   7.24 1/2   7.92      +0.65 3/4
        -MINN  SEP12   8.05       7.25       7.88 1/2  +0.62 1/2
WHEAT   -KANS  JUL12   7.08 1/2   6.09 1/2   7.05      +0.95
        -KANS  SEP12   7.21       6.25 1/2   7.17 1/2  +0.91 1/2
CORN    -CBT   JUL12   6.38 1/2   5.76 1/4   6.35 1/2  +0.54 1/2
        -CBT   SEP12   5.51 3/4   5.11 1/4   5.46 1/2  +0.35 1/4
OATS    -CBT   JUL12   3.44       3.26       3.40      +0.08
        -CBT   SEP12   3.48 1/4   3.32 1/2   3.44 1/2  +0.08 1/4
SOYBEAN -CBT   JUL12  14.49 3/4  13.76      14.05      -0.01
        -CBT   AUG12  14.18 3/4  13.64 1/4  13.81      -0.12 1/2
        -CBT   SEP12  13.59 1/2  13.19 1/4  13.27      -0.23 3/4
SOYOIL  -CBT   JUL12      52.43      50.03      50.32      -1.92
(/lb)  -CBT   AUG12      52.57      50.25      50.54      -1.91
SOYMEAL -CBT   JUL12     434.60     398.40     417.90      +9.40
($/ton) -CBT   AUG12     417.60     392.20     403.40      +2.40

FEEDMILL BIDS on May 14/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A       242.00-248.00
      -REDDEER             N/A       230.00-238.00
      -EDMTN               N/A       230.00-236.00
OATS  -EDMTN               N/A       169.00-176.00
PEAS - EDMTN               N/A       244.00-251.00
BARLEY-LETH                N/A       253.00-255.00
      -MH/BRKS             N/A       244.00-248.00
      -CALGARY             N/A       245.00-251.00
      -REDDEER             N/A       232.00-238.00
      -VERM                N/A       230.00-234.00
      -EDMTN               N/A       230.00-238.00
      -GRANDEP             N/A       185.00-193.00
CANOLA CRUSHER on May 16/2012
      -Meal (FOB)        334.31           325.94
      -Seed (DEL)        608.44           625.91

ELEVATOR BIDS on May 18/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     216.95           216.95
FEED OATS  -Red Deer     167.17           169.95
FEED BARLEY-Red Deer     222.41           222.83
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       528.71           559.42
CANOLA     -Red Deer     616.79           614.10

SPECIAL CROP CASH BIDS on May 17/2012
                                                    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      7.41
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 551.15      0.25      0.35
         #1 ESTON                 682.77      0.31      0.28
 MUSTARD #1 YELLOW                796.41      0.36      0.33
         #1 BROWN                 673.29      0.31      0.28
         #1 ORIENTAL              575.96      0.26      0.26

WORLD AND US CASH MARKETS (CAN $/TONNE) as of May 17/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW      N/A      N/A    400.92   417.33     -3.9%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS    289.83   264.64   301.38   334.17     -9.8%
      -#1DNS PORTLAND       338.14   310.83   343.33   378.41     -9.3%
CORN  -#2 CHICAGO           250.55   231.48   248.05   231.77     +7.0%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     204.45   202.07   207.15   181.75    +14.0%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          541.84   538.01   476.12   470.24     +1.2%
EXCH RATE May 17/2012: US$ in CANADA$ 1.0191  CANADA$ IN US$ 0.9813
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of May 13/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #41   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    353.9  11,116.3   9,199.1    +20.8%    +10.2%
 DURUM              62.4   3,031.9   2,642.3    +14.7%     -2.3%
 BARLEY             13.1   1,004.5   1,179.6    -14.8%    -19.8%
 OATS               19.9     973.7     849.2    +14.7%    +12.3%
 PEAS               73.8   1,410.7   2,113.2    -33.2%    -33.6%
 FLAXSEED           21.3     212.9     265.2    -19.7%    -25.7%
 CANOLA            180.3   7,325.9   5,627.2    +30.2%    +11.2%

CANADIAN CANOLA CRUSH ('000 TONNES) as of May 16/2012
 CANOLA CRUSH      124.1   5,489.6   4,740.2    +15.8%    +12.5%

U.S. EXPORTS ('000 TONNES) as of May 10/2012
 WHEAT             762.1  26,361.9  32,597.1    -19.1%    -20.5%
 BARLEY               .3     138.7     117.2    +18.3%    +25.0%
 CORN              680.8  28,862.3  31,227.0     -7.6%     -7.4%
 SOYBEANS          552.8  30,494.0  37,354.9    -18.4%    -12.4%

NOPA SOYBEAN Month Ending: Mar 31/2012
 SOYBEAN CRUSH   3,824.7  26,069.2  26,537.5     -1.8%     -0.2%
* From Canadian Grain Commission Calendar