The Canadian Wheat Board projected lower wheat values on Thursday for the 2011-12 (August-July) marketing year.
Values vary depending on class, grade and protein level.
Wheat values down $1 to $14 per tonne from last month's outlook.
Concerns about world economy and global wheat fundamentals pressure wheat prices.
Significant wheat export competition also weighs down prices.
CWB has priced about 40 percent of the expected wheat crop, expects wheat pricing to reach 50 percent by end December.
Durum values lost between $1 and $25 per tonne.
Durum weakened by buyer resistance to high prices.
Overall durum prices still historically high and buyers are substituting non-durum wheat where possible.
Malting barley drop $4 per tonne, feed barley down $3.
Feed prices under pressure from large barley crops in Australia and Argentina.
Malting barley prices declined as international competition increases into China, the largest malting barley importer.
PROs are estimates of crop year returns that the CWB - which holds a monopoly on sales of wheat and barley to millers, maltsters and export markets from Canada's Prairie Provinces - reviews monthly to give farmers a sense of projected returns.
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