CWB Expects Higher Returns For Canola, Wheat And Durum

CNS – CWB, formerly known as the Canadian Wheat Board, has raised Pool Return Outlooks (PROs) for durum, wheat and canola in its latest report. They noted it is a special mid-term outlook, due to market changes since the previous report released on October 23.

PROs were higher for all three crops due to the weaker Canadian dollar, and a stronger price outlook for durum, CWB said.

Projected returns for durum ranged from C$411 to C$489 per tonne in the annual pool, from C$395 to C$471 in the last report. Winter pool returns are projected between C$382 to C$495 per tonne, from the previous estimate of C$369 to C$475.

Projected Canadian Western Red Spring (CWRS) returns ranged from C$247 to C$290 per tonne in the annual pool, and C$254 to C$297 in the winter pool. The last report had CWRS between C$244 and C$287 for the annual pool, and C$251 to C$294 in the winter pool. Canadian Prairie Red Spring (CPRS) and Canadian Western Red Winter (CWRW) wheat PROs were also upped, by C$3 per tonne in both the winter and annual pools.

Canola PROs were up C$10 to C$11 per tonne compared to the previous report.

Field pea PROs were left unchanged, while malting barley returns were upped by C$5 per tonne from the October 23 report.

The following are CWB’s Pool Return outlooks detailing estimated payments to farmers for grain delivered during the 2014/15 (Aug/Jul) crop year, in Canadian dollars per metric ton, basis in store St. Lawrence/Vancouver.

 

Annual        Winter

06-Nov 23-Oct  06-Nov 23-Oct

Wheat

1 CWRS 14.5     290.00 287.00  297.00 294.00

1 CWRS 14.0     287.00 284.00  294.00 291.00

1 CWRS 13.5     284.00 281.00  291.00 288.00

1 CWRS 13.0     281.00 278.00  288.00 285.00

1 CWRS 12.5     276.00 273.00  283.00 280.00

1 CWRS 12.0     271.00 268.00  278.00 275.00

1 CWRS 11.5     266.00 263.00  273.00 270.00

2 CWRS 14.5     287.00 284.00  294.00 291.00

2 CWRS 14.0     284.00 281.00  291.00 288.00

2 CWRS 13.5     281.00 278.00  288.00 285.00

2 CWRS 13.0     278.00 275.00  285.00 282.00

2 CWRS 12.5     273.00 270.00  280.00 277.00

2 CWRS 12.0     268.00 265.00  275.00 272.00

2 CWRS 11.5     263.00 260.00  270.00 267.00

3 CWRS 13.0     262.00 259.00  269.00 266.00

3 CWRS 12.5     257.00 254.00  264.00 261.00

3 CWRS 12.0     252.00 249.00  259.00 256.00

3 CWRS 11.5     247.00 244.00  254.00 251.00

2 CPRS 11.0     236.00 233.00  244.00 241.00

2 CPRS          228.00 225.00  236.00 233.00

1 CWRW          238.00 235.00  246.00 243.00

2 CWRW          236.00 233.00  244.00 241.00

3 CWRW          228.00 225.00  236.00 233.00

 

Durum

1 CWAD 13.0     489.00 471.00  495.00 475.00

1 CWAD 12.5     486.00 468.00  492.00 472.00

1 CWAD 11.5     480.00 462.00  486.00 466.00

1 CWAD          473.00 455.00  479.00 459.00

2 CWAD 13.0     475.00 457.00  482.00 462.00

2 CWAD 12.5     471.00 453.00  478.00 458.00

2 CWAD 11.5     465.00 447.00  472.00 452.00

2 CWAD          458.00 440.00  465.00 445.00

3 CWAD 13.0     427.00 411.00  434.00 417.00

3 CWAD 11.5     418.00 402.00  425.00 408.00

3 CWAD          411.00 395.00  418.00 401.00

4 CWAD             n/a    n/a  382.00 369.00

 

Malting Barley  

Select CW       325.00 320.00     n/a    n/a

Two-Row

Canola

1 Canada        465.00 454.00  465.00 445.00

Field Peas

2 Canada Yellow 290.00 290.00     n/a    n/a

Futures Choice

Annual        Winter

06-Nov 23-Oct  06-Nov 23-Oct

 

Wheat Minneapolis December 2014 Basis

1 CWRS 14.5      36.00  36.00   41.00  41.00

1 CWRS 14.0      33.00  33.00   38.00  38.00

1 CWRS 13.5      30.00  30.00   35.00  35.00

1 CWRS 13.0      27.00  27.00   32.00  32.00

1 CWRS 12.5      22.00  22.00   27.00  27.00

1 CWRS 12.0      17.00  17.00   22.00  22.00

1 CWRS 11.5      12.00  12.00   17.00  17.00

2 CWRS 14.5      33.00  33.00   38.00  38.00

2 CWRS 14.0      30.00  30.00   35.00  35.00

2 CWRS 13.5      27.00  27.00   32.00  32.00

2 CWRS 13.0      24.00  24.00   29.00  29.00

2 CWRS 12.5      19.00  19.00   24.00  24.00

2 CWRS 12.0      14.00  14.00   19.00  19.00

2 CWRS 11.5       9.00   9.00   14.00  14.00

3 CWRS 13.0       8.00   8.00   13.00  13.00

3 CWRS 12.5       3.00   3.00    8.00   8.00

3 CWRS 12.0      -2.00  -2.00    3.00   3.00

3 CWRS 11.5      -7.00  -7.00   -2.00  -2.00

 

Kansas City December 2014 Basis

2 CPSR 11.0     -18.00 -18.00  -11.00 -11.00

2 CPSR          -26.00 -26.00  -19.00 -19.00

1 CWRW          -16.00 -16.00   -9.00  -9.00

2 CWRW          -18.00 -18.00  -11.00 -11.00

3 CWRW          -26.00 -26.00  -19.00 -19.00

 

Canola ICE November 2014 Basis

1 Canola         21.00  21.00   21.00  21.00

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