E-Malt.com News article: 1879

The Canadian Wheat Board (CWB) has released on December 01 its monthly Pool Return Outlook (PRO) for the 2003-04 crop year. Prices for most commodities have generally held or strengthened but gains have been partially offset by the strengthening Canadian dollar. Feed barley values are up $6 per tonne while designated barley values are down $1 per tonne.

Feed barley: Limited supplies and a recent surge in Middle Eastern import demand has given a boost to current market prices and presented nearby export opportunities. Additional feed barley exports out of the EU and Black Sea are expected to be very limited, however the record US corn crop is expected to keep pressure on both domestic and global feed barley values. Import demand will be key to price movement well into the spring.

Designated barley: Global malting barley values are stable due to soft nearby import demand. Strong feed barley prices around the world will continue to provide a floor for the malting barley market.



03 December, 2003