Wheat initial payments rise

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Published: April 20, 2012

Initial payments for all grades and classes of 2011-12 wheat except durum increased April 12, the CWB said.

The increases range from $4.10 to $41.25 per tonne, depending on grade and class.

Here are several examples of the increases.

No. 1 CW red spring wheat 13.5 percent protein rose $16.35 to $256.10 per tonne at port.

No. 2 CWRS 12.5 percent protein rose $19.35, pushing the at port price to $218.35.

No. 3 CWRS 12.5 percent protein rose $21.50 to $211.50 per tonne at port.

No. 1 Canada Western Extra Strong rose $41.25 to $226.10 at port.

Producers will receive payment by direct deposit April 24.

Cheques will be delivered for mailing to Canada Post by April 27.

Farmers who wish to defer payments have until April 20 to notify the CWB by calling 800-275-4292.

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