Newsroom
2006
2006-07 CWB PRO Mixed for Wheat, Higher for Durum and Designated Barley
Winnipeg -- The CWB today released its December Pool Return Outlook (PRO) for the 2006-07 crop year. Wheat values range from $2 per tonne higher to $4 per tonne lower on milling grades versus the November PRO, while durum PROs range from $5 to $14 per tonne higher. The PRO for feed barley Pool A (which runs from August 1 to January 31) is unchanged versus November, while the PRO for feed barley Pool B (February to July 31) is $6 per tonne higher than last month. Projected designated barley pool returns are $2 per tonne higher than last month's PRO.
| December PRO | November PRO | |||
|---|---|---|---|---|
| 2006-07 | 2006-07 | |||
| - In store Vancouver or St. Lawrence - | ||||
| Tonne | Bushel | Tonne | Bushel | |
| Wheat | ||||
| 1 CWRS 14.5 | 220.00 | 5.99 | 222.00 | 6.04 |
| 1 CWRS 13.5 | 216.00 | 5.88 | 218.00 | 5.93 |
| 1 CWRS 12.5 | 212.00 | 5.77 | 214.00 | 5.82 |
| 1 CWRS 11.5 | 209.00 | 5.69 | 211.00 | 5.74 |
| 2 CWRS 13.5 | 212.00 | 5.77 | 214.00 | 5.82 |
| 2 CWRS 11.5 | 205.00 | 5.58 | 207.00 | 5.63 |
| 3 CWRS 13.0 | 201.00 | 5.47 | 201.00 | 5.47 |
| 3 CWRS | 199.00 | 5.42 | 199.00 | 5.42 |
| 4 CWRS | 182.00 | 4.95 | 168.00 | 4.57 |
| 1 CWHWS 13.5 | 216.00 | 5.88 | 218.00 | 5.93 |
| 1 CPSR | 192.00 | 5.23 | 192.00 | 5.23 |
| 1 CPSW | 192.00 | 5.23 | 192.00 | 5.23 |
| 1 CWRW | 188.00 | 5.12 | 186.00 | 5.06 |
| 1 CWRW Select 11.5 | 203.00 | 5.52 | 201.00 | 5.47 |
| 1 CWES | 204.00 | 5.55 | 206.00 | 5.61 |
| 1 CWSWS | 201.00 | 5.47 | 205.00 | 5.58 |
| CW Feed | 171.00 | 4.65 | 157.00 | 4.27 |
| Durum | ||||
| 1 CWAD 14.5 | 224.00 | 6.10 | 219.00 | 5.96 |
| 1 CWAD 13.0 | 217.00 | 5.91 | 210.00 | 5.72 |
| 1 CWAD 12.5 | 215.00 | 5.85 | 208.00 | 5.66 |
| 1 CWAD 11.5 | 211.00 | 5.74 | 204.00 | 5.55 |
| 2 CWAD 13.0 | 212.00 | 5.77 | 204.00 | 5.55 |
| 2 CWAD 11.5 | 207.00 | 5.63 | 199.00 | 5.42 |
| 3 CWAD 13.0 | 200.00 | 5.44 | 192.00 | 5.23 |
| 3 CWAD | 195.00 | 5.31 | 187.00 | 5.09 |
| 4 CWAD | 188.00 | 5.12 | 177.00 | 4.82 |
| 5 CWAD | 171.00 | 4.65 | 157.00 | 4.27 |
| Feed barley | ||||
| 1 CW - Pool A | 177.00 | 3.85 | 177.00 | 3.85 |
| 1 CW - Pool B | 181.00 | 3.94 | 175.00 | 3.81 |
| Designated barley | ||||
| SS CW Two-Row | 205.00 | 4.46 | 203.00 | 4.42 |
| Std Sel Two-Row | 200.00 | 4.35 | 198.00 | 4.31 |
| SS CW Six-Row | 191.00 | 4.16 | 189.00 | 4.11 |
| Std Sel Six-Row | 186.00 | 4.05 | 184.00 | 4.01 |
| Note: PROs are the CWB's estimate of crop year returns. Farmers who use PROs to make marketing decisions are advised that unusual weather in importing or exporting countries and other changes in market conditions could dramatically affect the price forecasts. PROs are not price guarantees and should not be confused with initial payments. PROs also do not represent CWB offer values for prospective sales transactions nor sales values for actual transactions. | ||||
PRO Commentary
2006-07 crop year
Wheat
U.S. wheat futures have trended lower over the past month given slow demand from the export market as well as additional supply pressure from Argentina and the Black Sea region. The considerable uncertainty surrounding Australia’s export program has also pressured global wheat export values.
Durum
Dryness in key durum growing areas and projected declines in U.S. durum acres for next year have been supportive of prices.
Feed barley
Pool A - Sales in this pool are approaching completion.
Pool B - Global feed grain prices have remained strong over the past month in light of tight global supplies. Uncertainty surrounding the Ukraine’s feed barley export program has also been supportive to prices in the near term.
Designated barley
Global malting barley supplies remain tight, supporting higher prices. However, malting barley customers are working to minimize consumption at these price levels, leaving overall demand more uncertain going forward.