New-pool pricing is now available to growers who want to carry their wheat pricing into the new crop year.

 

"A farmer might consider taking this new pool pricing option because they think prices might be going higher in the new crop year," explains Kaitlin Miller, manager of sales strategy with the Canadian Wheat Board. "New-pool pricing is a pricing option that was developed to give farmers the option to deliver their grain into the old crop pool, but take the price of the new crop pool."

 

"Farmers still deliver before July 31st, but they have the option of taking the 2010-11 or the 2011-12 PRO price," she explains.

 

She notes there is a fee, which is designed to mitigate the impact on farmers in the current pool when grain moves into next year's pool.

 

"If you look at the current market we're in right now, where prices currently are a lot higher than they were in the past couple months, if we had tonnes that we could sell in this later portion of the crop year removed from the pool, that would negatively impact the overall pool return to all farmers for the rest of the pool," explains Miller.

 

Fees are posted daily on the CWB web site.