malt barley

[charliep]

Questions like this always pose more questions.

Will note the end of crop year presentation in July highlighted the CWB sold 232,000 tonnes of feed barley during the 2009/10 crop year (99,000 tonnes Saudi Arabia and 133,000 tonnes Japan). Will be interesting to know how the CWB secured these supplies and where profits (or losses) went. Annual report material.

[URL="http://www.cwb.ca/public/en/newsroom/releases/pdf/cropyearend2010.pdf"]page 16[/URL]

[bucket]

charliep

You would not blame bruce? Come on, his title is weather and crop survellience. If he doesn't have enough wits about him to point out a drought in Russia and the fact every crop report said the 2010 crop was 4 weeks behind and then tell the cwb the consequences of it, then he really doesn't deserve the paycheck he receives.

But then again neither do any of the bod if they can't use there expertise to determine the influences of a russian drought and a late crop in Canada.

[bucket]

charliep

Your comments about the cwb forward selling without commitments from farmers is a very good one.

Which is exactly what happened with durum. They thought they had a years supply to sell but forgot to check off board prices against their shitty forecasts, also known as PROs, and then realize some of the leftovers were not there anymore.

The director for district 6 wouldn't believe that durum was being made into ethanol. Even though all he had to do was go to terra's website and find durum worth more than the initial price well into the foreseeable future.

Real expertise, just a good bunch of astute farmers running a multi-billion corporation.

And as far as bruce is concerned as a weather and crop guy, he is getting paid alot of money to analyse the past when he should be focused on the impact of both weather and crop reports in the future.

For instance, given the snowfall and the wet areas all over, how to put out an incentive to get farmers to grow board grains when canola is north of 11 bucks for delivery in september? No storage, no stupid contract calls etc.

Just some real cash at harvest.

[charliep]

Articles from this week's emalt.

Begin quote - Australia: Viterra starts construction of a new malthouse in southern Sydney
Canadian grain industry powerhouse, Viterra, has started construction on a new malthouse close to port and rail links in southern Sydney, which could drive further demand for barley in New South Wales, The Land reported on December, 18.

The new Minto plant will increase Viterra’s Australian malt production of 500,000 tonnes – with established plants in Brisbane, Tamworth, Ballarat, South Australia and Western Australia – by 110,000 tonnes.

Viterra Malt already consumes 600,000 tonnes of malting barley – a quarter of the nation’s annual malting barley crop – without factoring in what it will need in pursuit of the growing Chinese and Asia-Pacific brewing. End quote.

The other articles highlight the smaller world barley and the poor quality in traditional malt barley growing regions.

[parsley]

The single most important issue facing the CWB Board of Diretors, who remain in enduring denial, is that the CWB are trying to market grain they don't know if they will or will not get offerred to them:

BECAUSE PRODUCERS HAVE LOST CONFIDENCE IN THE CWB AS A MARKETING INSTITUTIUON.

Read it again, especially the incompetent staff and bewildered group of directors, all in hiding. You have no credibility and farmers are not forced to offer their grain to you and thus don't. Capista?

There should be brown skid marks leading away from 2010's CWB Board table.
Pars