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CWB initial payments up

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Published: February 9, 2012

Initial payments for specific grades of spring wheat and durum and for designated barley increase Feb. 9.

The increases range from $5.05 to $27.90 per tonne for wheat, depending on grade and class, and from $35.20 to $45.55 per tonne for durum.

Designated barley rises by $51.90 per tonne.

No. 1 CW red spring wheat 13.5 percent protein will rise by $24.90 per tonne to $239.75 at port.

No. 1 CW durum 12.5 percent protein will rise by $44.30 to $259.30 at port.

Select CW two-row barley will rise $51.90 to $281.90 at port.

For grain already delivered, farmers will receive payment by direct deposit Feb. 21. Cheques will be delivered for mailing to Canada Post by Feb. 24.

Farmers who wish to defer payments have until Feb. 17 to notify the CWB by calling 800-275-4292.

A complete listing of payments for all grades in dollars per tonne and dollars per bushel is posted at www.cwb.ca.

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D'Arce McMillan

Markets editor, Saskatoon newsroom

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