By Kevin Hursh

Durum at $8.45 and malting barley at $5.81

Mar 1, 2011 | 6:16 AM

for paNOW

The Pool Return Outlooks for new crop durum and malting barley are considerably higher than the prices expected for this crop year. The Canadian Wheat Board released its first new crop price projection yesterday.

After deducting this year’s freight and handling for Saskatchewan, No. 1 durum with 12.5 per cent protein has a price outlook of $8.45 a bushel. That’s more than a $1.50 above the price expected in the current crop year.

On two-row malting barley, the new crop price expectation is $5.81 a bushel. That’s a lot better than the current crop year PRO which is less than $4 a bushel.

On wheat, the new crop price spread isn’t as large. No. 1 CWRS with 12.5 per cent protein has an expected price of about $7.50 a bushel, only 25 cents above the current year’s PRO.

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