The last old crop PRO was March 22 and at that time the CWB dropped the durum estimates a few dolars. Last week the CWB raised the PRO for new crop durum by $13-15/t. Initial payments were raised for old crop. The next old crop PRO isn't scheduled until late June. It all gets very confusing, especially for farmers with old crop in the bin trying to grasp this while listening to a radio while in the field.
Why doesn't the CWB continue to put out an old crop PRO every month through March-July so farmers can make better decisions? It would also help the CPS/#3/Cd Fd offboard/board trade-off that some farmers will be making. A March PRO for old crop is now a month out of date. Would you want to make decisions on canola now based on prices from March 22?
Why doesn't the CWB continue to put out an old crop PRO every month through March-July so farmers can make better decisions? It would also help the CPS/#3/Cd Fd offboard/board trade-off that some farmers will be making. A March PRO for old crop is now a month out of date. Would you want to make decisions on canola now based on prices from March 22?
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