CWB issued its first Pool Return Outlooks for the coming crop year and update the PROs for the 2012-13 Harvest and Winter Pools and the Futures Choice Winter Pool March 15.
PROs for 2013-14 are down from the current year, reflecting the expectation of bigger world grain crops and a lessening of the tightness experienced in the last year.
The slide in grain prices since December is also reflected in the PROs for 2012-13.
The following applies to the 2012-13 PROs.
For wheat, PRO for the Harvest Pool is down $25 per tonne from the last update in January.
Read Also
Food vs. fuel debate simmers in the background
The OECD/FAO are forecasting that 27% of the global cereals crop will go to biofuels and other industrial purposes by 2034.
The PRO for the Winter Pools is down $30 per tonne from the last update in February.
For durum, the Harvest Pool PRO is down $5 while the Winter Pool PRO is down $15 per tonne.
The projected return for the canola Harvest Pool is $30 per tonne higher.
Returns for Early Delivery Pools are being finalized and will be announced shortly, CWB said.
With the changes, the Harvest Pool wheat PRO for No. 1 CWRS 12.5 percent protein is now $317 at port. The Winter Pool PRO for the same grade is $315 per tonne.
The Harvest Pool for No. 1 CWAD 12.5 percent protein is $335. The Winter Pool for the same grade is also $335.
Harvest Pool malting barley select two row is $340.
Harvest Pool No. 1 canola is $655 and Winter Pool is unchanged at $650.
The Futures Choice Winter Pool for No. 1 CWRS 12.5 is $11.
See www.cwb.ca for a full list of the PROs.
