July CWB Pool Return Outlooks Released

[charliep]

New Crop-

Grain values drop in latest CWB PRO for 2011-12
Winnipeg -- The CWB today released its latest Pool Return Outlook (PRO) for the 2011-12 crop year. Wheat values have declined from last month's PRO between $22 and $39 per tonne, depending on class, grade and protein level. Durum values are down by $22 per tonne since the June PRO. Malting barley values decreased by $11 per tonne and Pool A feed barley is down $13 per tonne.

[URL="http://www.cwb.ca/dom/db/contracts/pool_return/pro.nsf/WebPRPub/2011_20110728.html?OpenDocument&CropYr=2011-12"]new crop PRO[/URL]

Old crop:

Wheat, Durum Down Slightly in Latest CWB PRO for 2010-11
Winnipeg -- The CWB today released its latest 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.


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 receipted 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.

<a href="http://www.cwb.ca/dom/db/contracts/pool_return/pro.nsf/WebPRPub/2010_20110728.html?OpenDocument&CropYr=2010-11">old crop PRO</a>

[charliep]

From my comments on initial payments. New percentage of initial versus July PRO.

1CWRS 12.5 protein - $208/tonne port. 73 % of the July PRO.

1CWAD 12.5 protein - $230/tonne port. 56 % of the July PRO.

Select 2 row malt barley $230/tonne port or 68 % of the July PRO.

Feed barley $155/tonne port or 65 % of the July PRO.

Spreads stayed fairly consist but are still narrower than the initial payment ones. Highlight is to deliver lower protein/grade CWRS initially against fpc contracts starting August 1.