Does Anyone Deal With the CWB Anymore?

[Burbert]

Gobermont run wheatie bored seems doomed,
er are we missing something by no longer
paying attention to their many many
programs, quotes and political mumbo
jumbo? RITZ has truly destroyed it.......

[ado089]

I'm still getting money dribbled to me for
wheat I sold 8 months ago.

[wakopa]

somebody tell me what the cwb is?

[IAMTHEMOLE]

Canadian Wheat Burgalars?

[bobofthenorth]

The Canadian Wheat Board was a monopoly buyer of western Canadian wheat that oppressed farmers in the west for years

OR

The Canadian Wheat Board was a quasi governmental agency that guaranteed all western Canadian farmers an equal price for their wheat.

Take your pick. Either way it no longer has monopoly powers and that is a source of great aggravation to some and great jubilation to others. What the current CWB becomes remains to be seen.

[hobbyfrmr]

Bobofthenorth,

Agreed.Well said.

[bucket]

burbert

You, of all people, should be forced to deal with them. I have read your posts long enough to know you like taking the lowest price via the cwb.

Why change now? Or is it finally sinking in after looking at the cwb prices for the new year, the cwb does not offer the premium they have said they have for the last 60 years.

Or does it piss you off that your neighbor may be making a little bit more for a bushel than you are?

[TOM4CWB]

Was at Viterra and my FBR tells me there are folks that will only pool through the CWB and opted in for 2012-13 CWB pools.

Very nice prices offered the last couple of days for Aug 1 milling wheat prices... up $2/bu from a couple of months ago!

Who would have thought... Burbert?

Looks like those who want the CWB are happy too Burbert!

Cheers!

God Bless Canada!

P.S. Burbert;

Take a look at this!

The prices are going up!

" Winnipeg, July 6 - Cash bids for barley across Western
Canada have seen an increase from last year. Limited supply
on the Canadian Prairies and adverse weather conditions in
the US have contributed to the higher prices, particularly
in Alberta.
Bids in Lethbridge, Alberta have moved up to anywhere
between C$5.75 and nearly C$5.95 per bushel delivered to
the feedlots, almost a dollar per bushel more than bids
were last year at this time, said Kerby Redekop, grain
merchant with Newco Grain Ltd.
Meanwhile, prices in Manitoba have remained more
consistent with the previous year, sitting around C$5.22
per bushel. Saskatchewan bids vary between the highs seen
in Alberta and lows seen in Manitoba, Redekop said.
Last month at this time, feed barley bids on the
Canadian Prairies ranged between C$3.18 and C$5.46,
according to Prairie Ag Hotwire data.
Less barley being grown over the past few years has
tightened supplies considerably. Flooding in Saskatchewan
last year especially reduced the production of the crop,
Redekop said.
But an even more prevalent factor than the limited
supply in Western Canada was the adverse growing conditions
for feed crops in the US Midwest, Redekop said.
"Barley bids are going to stay high as long as they
keep getting hot, dry weather in the US," Redekop said. "As
soon as you see some rain down there and you see the
combines start rolling in Western Canada, you can expect
prices to drop, but there are still going to be very strong
bids for this time of year."
Redekop also said that with the combines two to three
weeks away from harvesting barley in Western Canada,
prairie livestock producers are "just hanging on," as they
try to turn a profit.
"Without a doubt, it's having a major impact," said
Tyler Fulton, director of risk management with Hams
Marketing Services. He said profitability in the hog sector
has been taken down by about C$10 per pig to the break even
mark.
"Typically, seasonality on hog markets has producer
relying on the fact that they're making money at this time
of year. Right now they're not, simply because of the run
up in feed prices," Fulton said.

END"

[Burbert]

The Comedian Wheatie Bored is now a truly,
gobermont run organ. Controlled by Her
Harpster and his phoney cronies, no longer
is it framer run. We'll sell where the
price is best, always have. Dogs eat dogs
now in framing!

[Burbert]

Are high/high/high prices cousin of the
demise of the cwb, er cousin a grain
shortages?

[oneoff]

Tom.... Very bad form to be quoting Newco Grain to farmers at large. They still owe 120 plus farmers; truckers; other brokers etc. etc. a whole lot of money.

Not one cenyt of any bond has been paid to date; and Newco is certainly not straightening up for the amounts owed outside of what is supposed to be at least partially covered by any bond.

Geez; Newco should not even be operating in any form until they get past matters straightened up.

[TOM4CWB]

Oneoff,

This was a quote straight off DTN by the way... I got sloppy when I failed to point that out... sorry I appologise. From DTN:

"Winnipeg Pit Talk
Fri Jul 6, 2012 04:23 PM CDT


Cash Talk: Western Canadian Feed Barley Bids Strong

By Ryan Kessler, Commodity News Service Canada"

Perhaps you should have a chat with Ryan?

[oneoff]

Fair enough Tom.

The whole Newco collapse just didn't get the negative coverage that it deserved. Readers please remind me of any press release by other than the CGC.
And didn't it seem that Newco hasn't missed a stoke since May 14/2012. I doubt that they changed a telephone number; and apparently have the same employees.
I have no doubt they lost some money on marketing practices that worked quite well for their company in the past.

BUT is it now acceptable to just wash your hands (refuse payment except maybe if the CGC bond covers part of debt) and continue on doing business as close to though nothing had happened?
There had better be a 100% payment from the bond; or I may dedicate the rest of my life collecting the remainder from Newco.

Any support for that idea; and if not....why not?

[wmoebis]

Read Wilagro's post "farmer not vigilante"

Does this apply to stolen grain?

[TOM4CWB]

oneoff,

A change to the security system is long overdue.

Just try to get a credit rating from the CGC... the folks that monitor and know the dealers the best. AND domestic sales are NORMALLY not covered at all... they are considered 'Not within the interests of 'secure' national market... not normally graded with CGC grades; as the vast majority occur within a province in a virtually non-regulated system... which the CGC considers outside the CGC Act within the 'Trade and Commerce' powers that cover export trade sales. If Newco sales were within a province... like to a feedmill/feedlot... the CGC is very unlikely to cover that liability or risk. Just like lending 10K to a neighbour... the CDIC $100K insurance system does not cover the risk... even if your neighbour happens to work for a bank that is covered.

Were official CGC submitted grades and paperwork used in your sales with official weights and CGC approved paperwork?

Take a look at the CGC license exemptions:
http://www.grainscanada.gc.ca/licensee-licence/ugc-ccna-eng.htm