Louis Dreyfus to handle grain for CWB

CWB, formerly the Canadian Wheat Board, announced a new logo and a handling agreement with another grain company at a press conference in Winnipeg Tuesday morning.

CWB also announced Prairie grain production estimates for 2012, and sales volume for the crop year ending today.

 "We have a brand new look, a solid business model and the support of thousands of farmers who have told us they intend to market grain with CWB. That makes the future bright," CEO Ian White said in a release.
 
 CWB said it has reached a handling agreement with Louis Dreyfus, which has 10 high-throughput elevators in Western Canada. This brings the total number of elevators where farmers can deliver to CWB to more than 130.
 
CWB said Prairie grain production in 2011 will be significantly larger than the past three years. It estimates all-wheat production in Western Canada at 24.2 million tonnes (MT), compared to 22.7 MT last year and 21.1 MT in 2010. Durum is expected to be 4.5 MT, up from last year’s 4.2 MT, while barley is forecast at 8 MT, up from 7.3 in 2011.
 
CWB said that for the 2011-12 crop year that ends today, it expects to return an estimated $6.3 billion to western Canadian farmers from the sale of last year’s wheat and barley crop. CWB exported about 18.1 MT, including 13 MT of wheat, 3.6 MT of durum, and 1.1 MT of barley. Within Canada, CWB sold 2.15 MT of wheat, 225 000 T of durum, and 1 MT of malting barley over the past crop year, which runs from August 1 to July 31.

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