markets on fire here in uk

[hedgehog]

wheat for may is up £3 to £205, and nov futures hit £170.
what is going on?

[SASKFARMER3]

Canada F##Ked, Russia F$#Ked, Australia F4###d and Now Argentina is so so so Dry. And add in Europe drought last summer and the world is short very good wheat.
But in Canada we wont see any prise for our grain because of the CWB and our useless grading system where milling wheat that has a touch of frost is FEED.

[haveapulse]

OH come on yea of little faith, the newly elected board with the mandate of the real farmers has a handle on the % of wheat and for sure malt barley that has been presold. They will harness the rising markets and capture the value for the inmates.

The newly elected board with the mandate of the farmers are firmly in control, because we just elected them
and the voting majority obviously believe they are doing a good job and the 60% who did not vote must either agree or be too disinvolved to worry!

Thanks of course to those who did vote!

All is good.

But for a little spice to your life you may want to check out the AWB website and log into prices of wheat and malt barley. (Yes I know it is not the same world we live in, our higher freight costs would have to apply, and our real market price deducts over 1.50 from the Minneapolis inland price!)


There are NEVER ANY SHORTS IN WHEAT OR MALT BARLEY those nasty events that drive prices WILD! Gotta love the CWB!

Now don't you just feel so protected from those nasty multinationals!

[haveapulse]

The world wheat market is on fire, Australian statistics today were just another log added to the growing inferno. Malt barley would also be on fire if we lived in the real world of grain markets and not the CWB world.

The difference is in how we market wheat and barly in Canada. If we had an open market where in a competitive environment folks (yup the nasty multinationals listed on the accredited exporters page)would bid for your product until the market place found a value that farmers participated in in a manner called competition for limited availabile stocks resulting in prices moving up.
And so humming the Kenny Rogers tune "Somethings Burning" regrettably it is not love, it is farmers money in Canada!

The opportunity cost of the CWB.

Dec 23/ Weber Commodities
15.0 Protein 1DNS wheat was quoted at 0.08 lower CAD$11.94 in Minneapolis - but then this is not the real world and the AWB prices are not the real world either. For us the real world is CWB prices and we just elected a new board to meet the challenges of a competitive world!

Yup gotta love the system if you are not a farmer.

[haveapulse]

And please rest assured Hedgehog that the CWB is supplying wheat to the world at prices that farmers in Canada if they were aware of the markets on fire, would not likley sell at, thus keeping a lid on the world rising wheat prices.

The bread basket to the world needs to live up to its reputation by supplying high quality wheat at fair prices.

However hope springs eternal that our newly elected board will see the opportunity to capitalize on a world shortage of high quality wheat just the kind we happen to grow in the captive zone(s) of the west.

[haveapulse]

Ooops darn it too late for the small malt barley crop as according to the offical reporter for the CWB the Western Producer" Dec 23 "Canadian Growers (of malt barley) will have to wait until next year because most of this years barley crop has been sold" to the ever grateful domestic maltsters saved again from rising world malt barley prices. Now folks the good news is at least domestic beer will remain a bargain, but sorry that vote for the CWB makes it look like we prefer miss the very lucrative malt market for yet another year.

And yes hope spring eternal for those of us who hope one day the calculator of the opportunity cost of the CWB absorbs a few rays and the numbers light up.

[SASKFARMER3]

Its going to get hilarious in March when prices go through the roof again (grain traders I know in US say its 2008 all over again scary) and Millers and Maltsters in Canada say to consumer the price has to go up because our costs have gone up. Yea we supply cheap raw material thanks to CWB and they will get the bonus. Just love our system. Oh yea we store it for them to. YEA