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Canadian Wheat Board Sets Minimum Price For No 1 Wheat
The Canadian Wheat Board fixed a minimum price of 2.15 for No 1 wheat and issued certificates for farmers delivery. Extras above the fixed price will be shared at season end, with holders of certificates receiving a portion based on wheat sold. Expected payments exceed 40 cents per bushel, totaling about 40 million dollars to farmers in Alberta Saskatchewan and Manitoba. Dr. Robert Magill predicted 3 to 5 per bushel market prices amid open trading prospects, noting world conditions could push North American wheat to a record price. The piece notes market outlook and potential export dynamics including Russia Roumania India and Australia, with U S market openness cited.
MENTIONED IN THIS ARTICLE
Chanda
Canadian Grain Board
Crganization
Wheat Board
Alberta
Seskatchewin
Maphoba
Robert Magill
Winnipeg Grain Exchange
Magill
Russia
India
Australia
Europe
Dr. Magill
United States