NEWS
CWB Changes PROs for Wheat, Canola
Thu Feb 27, 2014 02:19 PM CST

WINNIPEG (Dow Jones) -- The Canadian Wheat Board raised 2014/15 (Aug/Jul) wheat Pool Return Outlooks (PROs) for the Early Delivery, Winter, and Annual Pools by C$9 to C$10 per ton due to stronger U.S. wheat futures prices, a release from the company said Thursday.

Expectations that the Canadian dollar will remain weak against the U.S. dollar going forward were also behind the upward move. But returns for wheat in 2014/15 are expected to remain under pressure due to large global ending stocks expected in both 2013/14 and 2014/15, the release said.

CWB lowered canola PROs in the Early Delivery Pool ...

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