An "oops" for durum

It looks like the CWB may have miscalculated a little when it restricted durum acceptance last year to 40% on Series A and 20% on Series B contracts. When the CWB severely limited durum delivery opportunities and sent out market outlooks that encouraged farmers to look for other outlets for their durum, the response was predictable.

Durum started flowing into feed and ethanol channels in big volumes. Now the CWB is having a hard time finding durum and commercial stocks are historically low. The CWB has been asking farmers to deliver durum now to refill the pipeline, but it isn’t happening quickly enough. It’s a case of being careful what you ask for.