Canada: Malting barley value unchanged in CWB’s April Pool Return Outlooks (PROs) for the 2014-15 pools

CWB on April 24 released its Pool Return Outlooks (PROs) for the 2014-15 pools and Futures Choice pools. Compared to the last PRO release on March 27, projected wheat returns are C$8 to C$9 per tonne lower. Projected returns for durum, canola, malting barley and field peas remain unchanged.

Select two-row malting barley PRO value is set at C$280/tonne.

International barley prices have remained stable since the last PRO release as a result of continued demand by China for malting barley and the decline in world barley seeded acres.

Offsetting these factors is the recent rains last week in Australia, which helped improve soil moisture levels, CWB said.

30 April, 2014