The CWB December Pool Return Outlook (PRO) for the 2008-09 crop year has been trimmed on market uncertainty related to unsettled global economic conditions.
World grain markets continue to be impacted by large crops, cautious buyers and economic uncertainty. Currency volatility is injecting tremendous uncertainty into grain prices, including the CWB PRO.
Most wheat PROs have dropped between $2 and $15 per tonne, depending on grade, compared to the November PRO. Durum PROs are down $4 to $6 per tonne, designated barley has declined by $4 per tonne, while Pool A feed barley is down $3 per tonne. The first PRO for Pool B feed barley has also been released.
For full PRO results, visit the CWB Website at: