CWB Projected Wheat Returns Drop By Over 5 Per Cent

In the lastest Pool Return Outlooks from CWB, 1 CWRS 14.5 is valued at $295 per tonne in store Vancouver or St. Lawrence.

 

That's a drop of $20 per tonne from the last projected return.

 

"The last time we put it out we were on a bit of a high on the market," says CWB pooling manager, Dave Siminot. "There was a lot of concern about the quality of the U.S. harvest and how much damage was going to be done due to the excess moisture. There were concerns with Russia and so on, and as those two weeks have passed, we've progressed that much through the U.S. harvest, and essentially come to the conclusion so far that — it's not done yet — but, the experience over the last two weeks, has been that it's not as bad as we thought, and so that's taken the shine off prices quite dramatically."