CWB Official is "NUTS"

[charliep]

Off topic but participated in an interesting teleconference with Informa Economics. The analysts noted that hot weather during August likely has knocked average US yields from 165 bu per acre (actually I have trouble even fathoming a yield this big even though I have traveled the US many times to visit relatives) down to 162 bu per acre. A 3 bu per acre decrease in US corn yield (hopefully my math is right) would decrease US corn by 240 mln bu or 6 mln tonnes. 6 mln tonnes is likely equal to about 75 % of this year western Canadian barley production.

Don't know if these numbers are built into the market. The highlight was corn carryovers are tightening and US corn futures have good opportunity to remain in the mid $4 area.

[wd9]

SF3, you tend to see only the negative in agriculture, so maybe the poor crops are all you see.

[wd9]

All i'm saying is satellite data and color spectometry tends to be a little more objective then the 60 mph crop tour.

Long live the CWB!

[sumdumguy]

Can Alberta guys get across the border yet with a load of Durum? Are the politicians looking for donations? Hmm, I'd Like to see them try a little harder.

[hedgehog]

vvalk, i am with you on that one. the cwb should be taling down the crop, and up the price.
the australians do the same every year, they sow 50 million acres and announce a 25 million ton crop, before its even emerged. drops the market every time.

[cottonpicken]

Welcome to bizarro world where driving by a crop tells you how great things are and the men on the groyund tell you a different story but voila you went to school instead of getting dirt under your finger nails and 24d in the face_being retarded at math also helps as 10miilion out of what is only a fraction of something

[SASKFARMER3]

First good to here from you JD and yes its a green day out their. Second WD 4 the CWB job is to sell out grain not into every thing its trying to be. Ever think if they drop-ed all the stupid weather, calenders, foreign offices etc you might get back that dollar or two they steal every year. Charley I might be hard ass and come off negative but at least with me the buyers would no where i stood. This Canadian attitude of polite and proper is plain BS in real world. No one gives a shit how proper you are just that you have a product they want it and you negotiate price. Not the CWB way here is how good we are now how low do you want to pay.

[wd9]

Cotten, i have no idea what you are saying.

But... Seven fifths of the population doesn't understand fractions.

[vvalk]

WD9 no matter how much you love the CWb you have to admit they have dropped the ball this year. There is no more hiding what the world is paying. Anyone with internet can find out the price the CWB sold for and the world price. We know they are low balling wheat but I think the barley situation is even worse. Why would the CWB not be selling every bus possible out the west coast. Pull every bus out and make the maltsters and feed guys step up. We have proof that we can get $4.50 FOB Sask yet how much are they selling. This should also give opportunities for high priced contracts for next year. WD9 please try to explain CWB tactics. First in talking the crop up (dont worry we will have lots of good quality wheat to sell) and low barley sales.

[wd9]

Just kidding about the i love the cwb. This is the internet, not the real world!

What i don't like is the monopoly, i feel if people want to use the services of the CWB they can choose to pay and use them. Its the fact i HAVE to market thru the CWB i hate. Hopefully in the future I can choose how i market my grain. The issue gets clouded by should the CWB exist, but really it is the monopoly.