Canada: 2005-06 CWB’s Pool Return Outlook for feed and designated barley
The CWB released on January 26 its Pool Return Outlook (PRO) for the 2005-06 crop year. Compared to last month, the Pool A and B feed barley PROs are unchanged, while the designated barley PRO is down C$1 per tonne.
| January PRO | December PRO | |||
| 2005-2006 | 2005-2006 | |||
| In store Vancouver or St. Lawrence | ||||
| Tonne | Bushel | Tonne | Bushel | |
| Feed barley | ||||
| 1 CW – Pool A | 125.00 | 2.72 | 125.00 | 2.72 |
| 1 CW – Pool B | 115.00 | 2.50 | 115.00 | 2.50 |
| Designated barley | ||||
| 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 | 163.00 | 3.55 | 164.00 | 3.57 |
| Std Sel Six-Row | 158.00 | 3.44 | 159.00 | 3.46 |
Note: PROs are the CWB's estimate of crop year returns. Farmers who use PROs to make marketing decisions are advised that unusual weather in importing or exporting countries and other changes in market conditions could dramatically affect the price forecasts. PROs are not price guarantees and should not be confused with initial payments. PROs also do not represent CWB offer values for prospective sales transactions nor sales values for actual transactions.
PRO Commentary
2005-06 crop year
Feed barley
Pool A - Sales of this pool are essentially complete. Australian barley and Black Sea exports continue to pressure the market.
Pool B - Global competition remains aggressive, as Australian and Black Sea barley supplies continue to be priced aggressively. An expectation of a large global barley crop in 2006-07 is also weighing on the market.
Designated barley
Already burdensome Australian malting barley supplies for export have increased since last month, given higher yields and favourable harvest weather. This, in turn, has pressured the malting barley price outlook. The strengthening Canadian dollar is also having a negative impact on returns.
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