Large Barley Crops Weigh On PRO

The Canadian Wheat Board projected lower wheat values in its latest Pool Return Outlook for the current marketing year. Wheat values are down $1 to $14 per tonne from last month s outlook as concerns about the world economy and global wheat fundamentals pressure prices. Durum values lost between $1 and $25 per tonne. Malting barley dropped $4 per tonne, feed barley was down $3. Feed prices are under pressure from large barley crops in Australia and Argentina.

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