Initial payments on all classes and grades of 2011-12 wheat and durum are rising.
The CWB last week received approval from the federal government to make the increases.
Wheat rises $28 per tonne and durum climbs $44 per tonne.
The increase will take No. 1 CW red spring wheat, 12.5 percent protein, to $252.35 at port. The May Pool Return Outlook for that grade was $284, meaning the initial payment now stands at 89 percent of the PRO.
No. 1 CW amber durum, 12.5 percent protein, will rise to $303.30 per tonne at port. That also represents 89 percent of the May PRO, which was $339.
Payments for grain already delivered will be deposited in producers’ accounts June 26.
Cheque payments will be delivered for mailing by June 29.
Those who wish to defer payment have until June 22 to notify the CWB by calling 800-275-4292.
