CWB needs to do better with durum
Jan 26, 2011 | 5:35 AM
-
Share on Facebook
-
Share on Bluesky
-
Share on X
- Copy Link
for paNOW
The price of Canadian durum looks particularly bad right now as compared to what American farmers are being paid.
Elevators in Montana and North Dakota are posting cash bids as high as $10 a bushel for top grade durum. Here in Saskatchewan, the expected price for high protein No. 1 durum is only about $6.50 a bushel.
Comparing the Canadian and American prices is not as straight forward as it seems. American durum growers are less reliant on overseas sales. Plus, the Canadian value is a pooled price for the crop year and not a spot price like farmers get south of the border. Still, the difference right now is very large, making many wonder if the Canadian Wheat Board system has any advantages.
