Canada: Malting barley values unchanged in CWB’s PRO for 2012-13

CWB released on November, 30 updated Pool Return Outlooks (PROs) for 2012-13. For the wheat, durum, and malting barley Harvest Pools, values are unchanged compared to late-October, while canola is down $20 per tonne. Early Delivery Pool projected returns for durum and malting barley are unchanged, while wheat values are C$6 per tonne lower.

Select two-row malting barley is valued at C$347/tonne in Early Delivery Pool and at C$350/tonne in Harvest Pool.

The domestic malting barley market has remained steady over the past month, with limited supplies of malting-quality barley in Western Canada continuing to support malting barley values. No major crop quality problems have been reported during the Australian malting barley harvest. The Early Delivery and Harvest pools are less than 25-per-cent priced, the CWB commented.

05 December, 2012