Oct 2007 CWB Wheat PRO... What will it do?

[terralex]

I think that CWRS EPO increase and the rise in the FPC basis is designed to scare people into staying in the pool account.

My call is that the CWRS PRO with stay flat to maybe a $2 drop. EPO costs will increase and FPC basis will also increase. This will ensure that any fence riders will stay in the pool, and not take out any pricing options before Nov. 1.

The big drop in the PRO will occur in December, well after the sign up date for any PPO options.

It is all about making themselves look good.

[charliep]

And the answer is (drum roll).

New Record Highs for Durum in CWB 2007-08 PRO
Winnipeg -- The CWB today released its latest Pool Return Outlook (PRO) for the 2007-08 crop year. Milling durum PROs are $27 higher compared to September, as tight supplies continue to pressure prices to new record highs. The PRO for milling wheat is $2 to $5 lower than last month's PRO, mainly due to a slightly weaker outlook for world wheat market prices and the stronger forecast for the Canadian dollar. PROs for feed and malting barley are unchanged from last month.