A slight decline in carry-out stocks is expected. The first CWB PRO for 1998-99 for No. However, exports are expected to fall due to competition from increased global supplies. CWB durum prices are expected to decrease due to increased world production, especially in North Africa, the major durum importing area. Feed barley exports are forecast to remain low while malting barley exports continue to be strong.
Domestic demand is higher due to increased livestock feeding.
CWB feed barley prices are forecast to decrease because of increased global carry-in stocks and expectations of continued high barley production in the EU and uncertainty regarding feed barley imports by Saudi Arabia. Exports to the US are expected to be lower due to increased US supplies and strong competition from Scandinavian countries. Exports to the US are expected to increase due to lower US production. Exports of products should increase because of higher processing capacity in Western Canada. Imports of US corn are significantly higher due to strong feed demand and increased domestic use for the production of ethanol.