Your reading list

Latest CWB PROs reflect weaker commodity market

Reading Time: < 1 minute

Published: March 26, 2013

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

Concerned Chinese investors look at prices of shares (red for price rising and green for price falling) at a stock brokerage house in Jiujiang city, east Chinas Jiangxi province, 8 July 2013.

Chinese stocks tumbled on Monday (8 July 2013) on speculations that the resumed trading of Treasury bond futures and new share offerings will hurt stock prices. The Shanghai Composite Index dropped 48.93 points, or 2.44 percent, to 1,958.27 at the close.No Use China. No Use France.

Bond market seen as crop price threat

A grain market analyst believes the bond market is about to collapse and that could drive down commodity values.

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.

Markets at a glance

explore

Stories from our other publications