How Much Will the May CWB PRO Increase?

[charliep]

Any thoughts on how much the new crop PRO will increase tomorrow?

My guess $20/tonne on wheat/durum. No change on the barley (malt and feed).

Hear is the April 28 FPC values versus today (CWRS).

[URL="http://www.cwb.ca/db/contracts/ppo/ppo_prices.nsf/fixed_price/fbpc-wheat-2011-mhrs-20110429.html"]April 28[/URL]


April 28 December futures converted - $334.64. Basis $11.67. FPC - $346.31.

May 25 December futures converted - $363.65. Basis - $5.97. FPC - $369.62.

<a href="http://www.cwb.ca/db/contracts/ppo/ppo_prices.nsf/fixed_price/fbpc-wheat-2011-mhrs-20110525.html">May 25</a>

[charliep]

CPS for what it is worth.

April 29 - KCBT Dec. futures converted - $330.17. Basis $40.84 under (read negative). FPC - $288.33.

May 25 - KCBT Dec. - $350.22. Basis - $40.84 under. FPC $309.38.

[charliep]

Today's PRO values.

[URL="http://www.cwb.ca/dom/db/contracts/pool_return/pro.nsf/WebPRPub/2011_20110526.html?OpenDocument&CropYr=2011-12"]New Crop PRO[/URL]

<a href="http://www.cwb.ca/dom/db/contracts/pool_return/pro.nsf/WebPRPub/2010_20110526.html?OpenDocument&CropYr=2010-11">Old Crop PRO</a>