The Canadian Wheat Board has released its final Pool Return Outlook (PRO) for the 2010-11 crop year. Wheat values have declined slightly from last month’s PRO, with most values dropping between $1 and $7 per tonne, depending on class, grade and protein level. Milling quality durum values are down by $5 per tonne since the June PRO. Barley remains unchanged, reflecting its nearly sold status.
In its commentary, the CWB said while the wheat, durum and designated barley 2010-11 pools are largely priced at this time of the marketing year, they are not fully sold and there remains a considerable volume of grain to be received from farmers and shipped to buyers. With the current financial problems affecting the world’s economy, volatile foreign exchange relationships and grain market prices are contributing more-than-typical levels of uncertainty to the pool return estimates, the CWB said.
A full list of PROs as well as a table showing typical freight and handling deductions will be posted at www.cwb.ca