btjadenlepp,
Brenda I started our 11-12 before Christmas. Did Force Majeure. Winter Wheat Force Majeure is now done.
I am disappointed in how far backwards the CWB has gone on PPO contracts. When we started in 2000... could switch between milling wheat classes... one futures MGE did all... could deliver on present crop year and be paid August 1 cash. This was much better than we have now... less risk by far.
Now the CWB keeps the carry in the market for the whole crop year.
Never been paid out on Force Majeure yet... don't know if it is possible... but very limited tonnes available.
We just might see a Basis at Grain world that makes us smile!
The CWB could do so much better... sad they are stuck in the world of pools... instead we need to be outstanding in our field!
Brenda I started our 11-12 before Christmas. Did Force Majeure. Winter Wheat Force Majeure is now done.
I am disappointed in how far backwards the CWB has gone on PPO contracts. When we started in 2000... could switch between milling wheat classes... one futures MGE did all... could deliver on present crop year and be paid August 1 cash. This was much better than we have now... less risk by far.
Now the CWB keeps the carry in the market for the whole crop year.
Never been paid out on Force Majeure yet... don't know if it is possible... but very limited tonnes available.
We just might see a Basis at Grain world that makes us smile!
The CWB could do so much better... sad they are stuck in the world of pools... instead we need to be outstanding in our field!
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