Your reading list

Initials rise

Reading Time: < 1 minute

Published: April 17, 2008

Large increases to Canadian Wheat Board initial payments have been approved by the federal government, effective April 17.

Adjustment payments for grain already delivered will be direct deposited May 2 or mailed by May 6.

Increases for wheat range from $34 to $53 per tonne depending on grade, class and protein level.

For milling durum, the increase is $80 per tonne and for Pool B feed barley the increase is $65. Designated barley is unchanged.

The initial for No. 1 CW red spring wheat 12.5 percent protein climbs $53 per tonne, raising the total so far to $325.10. The initial for this wheat grade now stands at 84 percent of the March Pool Return Outlook of $385 per tonne at Vancouver.

The payment for No. 1 durum 12.5 percent protein jumps $80 a tonne to $479.50, or 91 percent of the March PRO of $526.

No. 1 feed barley Pool B rises $65 to $222.50, or 81 percent of the PRO.

Markets at a glance

explore

Stories from our other publications