The tight U.S. corn supply-and-demand balance led to higher wheat values over the last month.
The Canadian Wheat Board has released its October Pool Return Outlook.
The board says U.S. corn ending stocks are well below the theoretical safety valve of 40-plus days of use leading corn futures to appreciate significantly.
As a result, the price floor for other grains has increased.
Wheat values are up between $7 and $15 per tonne. Malting barley remains unchanged while feed barley values are up 5 dollars.
~ Thursday, October 28, 2010 ~