NEWS
CWB Lowers 2012-13 Price Outlooks
Fri Jan 4, 2013 05:37 PM CST

WINNIPEG (Dow Jones) -- The CWB has lowered Pool Return Outlooks (PROs) for canola, wheat and durum delivered during the 2012-13 (August/July) crop year.

Values were weaker for the three compared to late 2012, but unchanged for malting barley.

The CWB also released the first basis PROs for the Futures Choice Winter Pool, where it pools the basis portion of the price, and farmers lock in their own individual futures prices. Sign-up begins Jan. 7.

Wheat prices have declined considerably over the past month as a result of weaker futures markets, the CWB said. Overall, global wheat fundamentals for the ...

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