By Kevin Hursh

PROs decline

Mar 25, 2011 | 10:46 AM

for paNOW

The price projections for wheat and durum have dimmed a bit over the past month. In the Pool Return Outlooks released yesterday, most grades of wheat are down 20 to 25 cents a bushel in this crop year and 60 to 70 cents a bushel in the new crop year.

The drops are greater on durum. Durum is down 40 to 50 cents a bushel for this crop year, while the new crop PRO is down more than a dollar on the main grades as compared to the projection made in February.

For No. 1 CWRS wheat with 12.5 per cent protein, the new crop price projection, after deducting average Saskatchewan freight and handling, comes to about $7.11 a bushel, just slightly more than the price expected in the current crop year.

On No. 1 durum with 12.5 per cent protein, the new crop price projection has declined to about $7.51 a bushel, after average freight and handling.

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