Weekly Crop Market Review - June 1, 2012

The next weekly will be published on Friday, June 8, 2012
This information is collected by the Statistics and Data Development Branch

WINNIPEG FUTURES (CDN $/TONNE) as of Jun 01/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
BARLEY  -LETH  JUL12        N/A        N/A     237.00      +0.00
        -LETH  OCT12        N/A        N/A     210.00      +0.00
        -LETH  DEC12        N/A        N/A     212.00      +0.00
CANOLA  -SASK  JUL12     621.00     604.50     609.70      -2.50
        -SASK  NOV12     571.80     558.60     563.70      -3.20
        -SASK  JAN13     576.50     564.90     568.50      -3.40

U.S. FUTURES (U.S. $/BUSHEL) as of Jun 01/2012
              CONTRACT --------------------WEEKLY----------------
               MONTH       HIGH        LOW      CLOSE     CHANGE
WHEAT   -CBT   JUL12   6.84       6.11       6.12 1/4  -0.67 3/4
        -CBT   SEP12   6.98 1/2   6.29 1/4   6.30 3/4  -0.63 3/4
WHEAT   -MINN  JUL12   7.89       7.38       7.39 1/2  -0.46 3/4
        -MINN  SEP12   7.85 1/2   7.40       7.41      -0.42
WHEAT   -KANS  JUL12   7.04       6.37       6.44 3/4  -0.55 1/4
        -KANS  SEP12   7.19       6.53       6.60 3/4  -0.54 1/4
CORN    -CBT   JUL12   5.83 3/4   5.51       5.51 1/2  -0.27
        -CBT   SEP12   5.34       5.13       5.14 3/4  -0.11 3/4
OATS    -CBT   JUL12   3.02 1/4   2.62 1/4   2.85      -0.11 1/4
        -CBT   SEP12   3.01 3/4   2.65       2.86      -0.13 3/4
SOYBEAN -CBT   JUL12  14.02      13.17 1/2  13.44 1/4  -0.37 3/4
        -CBT   AUG12  13.81 1/4  13.00 1/2  13.18 1/2  -0.43 1/2
        -CBT   SEP12  13.39 1/2  12.72      12.85 1/2  -0.36 1/4
SOYOIL  -CBT   JUL12      50.74      48.33      48.59      -1.53
(¢/lb)  -CBT   AUG12      50.95      48.54      48.81      -1.53
SOYMEAL -CBT   JUL12     417.20     388.20     394.50     -14.80
($/ton) -CBT   AUG12     402.30     377.00     381.10     -14.20

FEEDMILL BIDS on May 28/2012 (Different Delivery Points)
                       THIS WEEK         LAST WEEK
WHEAT -LETH                N/A       242.00-253.00
      -REDDEER             N/A       234.00-239.00
      -EDMTN               N/A       225.00-232.00
OATS  -EDMTN               N/A       162.00-171.00
PEAS - EDMTN               N/A       249.00-257.00
BARLEY-LETH                N/A       247.00-251.00
      -MH/BRKS             N/A       242.00-245.00
      -CALGARY             N/A       238.00-244.00
      -REDDEER             N/A       227.00-235.00
      -VERM                N/A       224.00-230.00
      -EDMTN               N/A       228.00-234.00
      -GRANDEP             N/A       182.00-193.00
CANOLA CRUSHER on May 30/2012
      -Meal (FOB)        315.19           315.82
      -Seed (DEL)        623.10           606.51

ELEVATOR BIDS on Jun 01/2012 (Delivered)
                        THIS WEEK        LAST WEEK
FEED WHEAT -Red Deer     216.95           216.95
FEED OATS  -Red Deer     147.43           174.66
FEED BARLEY-Red Deer     218.42           219.42
RYE        -Red Deer       N/A              N/A
FLAXSEED   -Brooks       513.36           520.84
CANOLA     -Red Deer     616.63           620.80

SPECIAL CROP CASH BIDS on May 31/2012
                                                    Year Ago
 Basis delivered plant           $/Tonne  $/Bushel  $/Bushel
 PEA GREEN #2 OR BETTER           402.35     10.95      7.29
     FEED                         172.51      4.70      4.34
     LARGE YELLOW #2 OR BETTER    296.70      8.07      7.44
                                              $/Lb      $/Lb
 LENTILS #1 LAIRD                 546.30      0.25      0.35
         #1 ESTON                 687.62      0.31      0.28
 MUSTARD #1 YELLOW                796.41      0.36      0.34
         #1 BROWN                 677.04      0.31      0.29
         #1 ORIENTAL              581.47      0.26      0.26

WORLD AND US CASH MARKETS (CAN $/TONNE) as of May 31/2012
                             THIS     LAST    AVG TO   LAST YR     PCT
                             WEEK     WEEK     DATE    AV PRICE    CHG
WHEAT -CWB #1CWRS ST LAW      N/A      N/A    400.92   417.33     -3.9%
      -CWB #1CWRS VANC*       N/A      N/A      N/A    413.88     N/A
      -#1DNS GREAT FALLS      N/A    292.11   301.14   334.17     -9.9%
      -#1DNS PORTLAND       326.77   337.20   342.70   378.41     -9.4%
CORN  -#2 CHICAGO           225.58   233.72   247.22   231.77     +6.7%
BARLEY-#2 PORTLAND            N/A      N/A      N/A      N/A      N/A
      -#2FD GREAT FALLS     211.78   207.19   207.25   181.75    +14.0%
      -#2 STOCKTON            N/A      N/A      N/A    292.88     N/A
SOYBNS-#1 ILLINOIS          515.59   524.01   478.11   470.24     +1.7%
EXCH RATE May 31/2012: US$ in CANADA$ 1.0329  CANADA$ IN US$ 0.9681
* #1CWRS VANCOUVER 13.5% PROTEIN

CANADIAN EXPORTS ('000 TONNES) as of May 27/2012
                    WEEK*  CROP YR   LAST YR       PCT    YR END
COMMODITY            #43   TO DATE   TO DATE       CHG  FORECAST
 WHEAT(EXC DUR)    217.4  11,747.0   9,960.5    +17.9%    +10.2%
 DURUM               5.0   3,166.4   2,713.1    +16.7%     -2.3%
 BARLEY              1.4   1,054.5   1,201.3    -12.2%    -19.8%
 OATS                3.2     998.0     861.4    +15.9%    +12.3%
 PEAS               26.0   1,464.2   2,200.1    -33.4%    -33.6%
 FLAXSEED            1.0     216.6     279.1    -22.4%    -25.7%
 CANOLA             55.6   7,504.6   5,911.2    +27.0%    +11.2%

CANADIAN CANOLA CRUSH ('000 TONNES) as of May 30/2012
 CANOLA CRUSH      102.1   5,715.3   4,947.7    +15.5%    +12.5%

U.S. EXPORTS ('000 TONNES) as of May 24/2012
 WHEAT             556.9  27,600.3  34,163.8    -19.2%    -20.5%
 BARLEY             N/A      138.7     119.7    +15.8%    +25.0%
 CORN              750.1  30,294.5  33,062.6     -8.4%     -7.4%
 SOYBEANS          337.9  31,194.5  37,908.4    -17.7%    -12.4%

NOPA SOYBEAN Month Ending: Apr 30/2012
 SOYBEAN CRUSH   3,584.5  29,653.7  29,839.6     -0.6%     -0.2%
* From Canadian Grain Commission Calendar