The Canadian Wheat Board has accepted 100 percent of the wheat, durum and feed barley offered under the Series B contract, thanks in part to better grain transportation.
The board said last week it came close to its target of moving 50 percent of the wheat, durum and feed barley available for sale this crop year in the first five months.
“We managed to move 48 percent by the end of December, even though the export estimate for the six major grains increased a million tonnes to 28 million tonnes since we first established the 50 percent target,” said board chief commissioner Lorne Hehn in a news release.
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The board will continue a strong export program in coming months, with a goal of moving 85 percent of the 1997 harvest by the end of May.
Hehn said the board has a particularly strong program for durum in the near term and needs timely deliveries to meet export commitments.
“Current world prices for durum are attractive and we will be maximizing movement during this period,” he said.
Under the contracting system, farmers have the opportunity to offer grain for delivery four times a year. The board announces an acceptance level after it assesses the amount of grain offered under the contract and the market demand.
The Series C contract deadline is Feb. 27.
