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    #11
    will note that malleefarmers numbers don't support what you have said. Aussie $285 equates to USD $280 - very similar to current portland corn prices.

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      #12
      Report came from Jody Lefcourt Bunge grain services.

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        #13
        Agstar not agreeing or disagreeing as nobody knows the price or the deal but seems to me its not discounted at all, its about the inherant value of feed wheat.

        And nobody knows it could have been priced signed and sealed tw o months ago for all we know when prices were lower.

        Good topic of discussion, latest estimates of feed wheat in australia has it 38% of total crop.

        The marketers here due to our proximity to asia and se asia were going to have a head start in sales and japan is almost totally australias market.

        We will take it while we can get it as you know as well as i if the black sea counrtys were exporting then we would see some serious undercutting.

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          #14
          someone could also anwser this question, in dollar terms when accounting for protien and energy were is the best bang for buck corn or wheat? When feeding to stock.

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            #15
            In Canada, energy levels similar (particularly hog rations - have to get into a discussion of metabolizable versus digestible energy and species but that confuses the hell out of me). Protein corn 8 %, wheat 12 % Canada. Feed wheat should be worth 5 to 10 % more but depends on species. Market determines and most often same price here.

            What I can gather, the Aussie business was done at about USD $260 fob. Add $25 to $30 ish ocean freight. CIF price - $288 ish.

            US corn gulf - $283 ish. Freight China - $45. Landed price - $328.

            CWB pricing ideas for business would be about half way in between Aussie feed wheat and US corn. Theory because they are not doing the business.

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              #16
              Should google before I do anything.

              [URL="http://www.reuters.com/article/idUSTOE70J03K20110120?feedType=RSS"]china aussie fd wht[/URL]

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                #17
                Under cutting? I think we need some link, is this a sale made 2 months ago into a rising market and comparing todays price to one made 2 months ago?
                I have my doubts weather any grain company or publicly traded company will undercut any market. The idea is to sell for the best price. Increase company profits, or share prices. I agree that Ausi grain is likely higher protein , Mallie do you guys get a payment for protein? I have more inclination to agree with a grain company buying cheap, but selling cheap? Naaa

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                  #18
                  For what is worth, the feed wheat buy back price today is $133.24 for a US sale (total of $261.24 at port). Your 200 % EPO is about $237/tonne port. $24/tonne will have gone missing in the pooling system with zero chance of returning.

                  You may get mad at the Aussie for discounting but they are at least making sales on a close to 10 MMT feed wheat crop - farmers can choose to deliver or not. The CWB can make $24 disappear in time when they are only doing select feed wheat sales off the west coast. Otherwise, where is the feed wheat movement? Why aren't there US sales on the books/movement to go with them?

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                    #19
                    All very positive indications that china may be short grain. They will be back to corn as soon as they get the price down. Either way demand is up and supplies are not getting larger.

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                      #20
                      Are they using this feed wheat for milling, by the taste and texture of most things made out of wheat in china, feed should work. Sucks when they are not fussy about their bread.

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