CWB Raises 2005-06 Initials

WINNIPEG - Nov 23/05 - SNS -- Initial payments for grain sold through the Canadian Wheat Board during the 2005-06 marketing year will increase effective November 28, 2005.

The increase in initial payments for wheat will be $11.50 to $37.90 per metric ton (MT), depending upon the grade and class. In the case of durum, the increase will be $5.00 to $16.50 MT. For feed barley in Pool A, the increase will be $32.00 MT, while the increase for designated barley will be $22.00 for two-row and $24.00 for six-row varieties.

The adjustment payments, in dollars MT, for representative grades in each pool account are listed below. The total initial payment to date is basis in-store Vancouver or St. Lawrence and must be adjusted for freight/elevation charges to arrive at farm gate prices.

                                            Initial   Adjustment  Payment
Grade                                       payment    payment    to date
No. 1 Canada Western Red Spring Wheat 12.5  $127.00     $29.50    $156.50
No. 1 Canada Western Amber Durum 12.5       $130.00     $12.00    $142.00
No. 1 CW Barley (Pool A)                     $73.00     $32.00    $105.00
SS CW 2 Row Designated Barley               $119.00     $22.00    $141.00
SS CW 6 Row Designated Barley               $107.00     $24.00    $131.00

Farmers who delivered wheat, durum, barley and designated barley to the CWB between August 1, 2005 and November 28, 2005 will receive an adjustment payment. The payments will be mailed by December 9, 2005 or received by direct deposit on December 6, 2005. Farmers who wish to defer payments have until November 29, 2005 to notify the CWB by calling 1-800-275-4292.