Wheat futures prices have declined $2.50
per bushel and cash prices have declined
$1. The $1.50 difference in price is due
to a better basis and a lower Canadian
dollar.
We have an open market and it has been
working as well as anyone could have
hoped for. The $40-per-tonne improvement
in basis levels since harvest is an
indication of strong export demand and
year-to-date producer deliveries are two
per cent ahead of last year.
per bushel and cash prices have declined
$1. The $1.50 difference in price is due
to a better basis and a lower Canadian
dollar.
We have an open market and it has been
working as well as anyone could have
hoped for. The $40-per-tonne improvement
in basis levels since harvest is an
indication of strong export demand and
year-to-date producer deliveries are two
per cent ahead of last year.
Comment