Canada: CWB malting barley pool unchanged

The CWB released January 25, its January Pool Return Outlook (PRO) for the 2006-07 crop year. The malting barley pool returns are unchanged from last month's PRO.

Malting barley customers continue to buy hand-to-mouth given very strong global prices. Competition from other crops for acres this spring will keep a lid on new crop North American malting barley supplies. Tight Australian and European old crop malting barley stocks are expected to provide ample opportunities to take advantage of strong prices well into 2007.

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