Canada: CWB � 2005/06 and 2004/05 Pool Return Outlooks enclosed

The Canadian Wheat Board (CWB) released on September 22 its Pool Return Outlook (PRO) for the 2005-06 crop year. The Pool A feed barley PRO is unchanged, while the malting barley PRO ranges from C$1 higher to C$1 lower per tonne from the August PRO.

Designated barley (In store Vancouver or St. Lawrence )
August05/06 September 05/06

Tonne Bushel Tonne Bushel

SS CW Two-row 171.00 3.72 172.00 3.74
Std Sel Two-row 166.00 3.61 167.00 3.64
SS CW Six-row 161.00 3.51 160.00 3.48
Std Sel Six-row 156.00 3.40 155.00 3.37
PRO Commentary 2005-06 crop year for designated barley. Unfavourable harvest conditions in western Canada have reduced designated barley supplies. However, the strength of the Canadian dollar has more than offset this development, along with expectations for a greater Australian presence in the export market this year, pending the outcome of the harvest there.