CWB issued new Pool Return Outlooks Oct. 24 for its 2013-14 annual and futures choice annual pools.
Projected returns for most grades of wheat were up $2 to $3 per tonne from the last PRO issued Oct. 10.
Durum returns were up $6 to $8.
Canola rose by $5 to $545 per tonne for No. 1 Canada canola in store Vancouver or St. Lawrence. PROs for field peas and malt barley were unchanged. Projected returns for No. 1 CWRS wheat, 12.5 percent protein, are now estimated at $301 per tonne.
In its PRO commentary, CWB said wheat futures have been steady over the past few weeks as a result of uncertainty over the size of Argentina’s winter wheat crop, mixed conditions in the Black Sea region and import demand from China and Brazil.
Durum values have declined since harvest but recent demand from Algeria and Tunisia has buoyed markets.
Durum values continue to reflect widening protein and grade spreads consistent with the low protein and variable quality of western Canada’s durum crop, CWB said.
A complete list of PRO values can be viewed at www.cwb.ca.
