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$CND at 90 cent USD !

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  • boarderbloke
    Senior Member
    • Sep 2007
    • 1991

    $CND at 90 cent USD !

    Is your grain buyer passing on the exchange difference to you? Does their pricing sheet infer the futures price is in $CNDs? Do you understand that the exchange differential is being hidden in the BASIS???

    We're a long way from par, baby!
  • riders2010
    Senior Member
    • Aug 2010
    • 2205

    #2
    Grain co and brokers have your best interest at heart after all if you can t make it farming the Asians will farm it because it's a smart thing for them to do to secure all the farmland they can.
    If we re too stupid to fight back we get all of this crap and should take it with a smile.

    Comment

    • fjlip
      Senior Member
      • Oct 2002
      • 9879

      #3
      Our grain prices should be 10% higher than US prices not 20% LESS! What a system!

      Comment

      • farmaholic
        Senior Member
        • Sep 2010
        • 17483

        #4
        Where's all the people that talked about "ARBITRAGE" and how the open market was to be the great equalizer? That's what happens when the floodgates are opened without any checks and balances in place first.

        Comment

        • wilagro
          Senior Member
          • Apr 2000
          • 2761

          #5
          You vill take what is offered AND like it...dems the new rules.

          Very few farmer advocates anymore. Many farmers don't support the organizations that used to support the producer point of view. All brain-washed by Ritz and company...every dog for himself in this "new" open market.

          Comment

          • bucket
            Senior Member
            • Jan 2008
            • 17033

            #6
            Wilagro

            You can say " I told you so" to me every day.

            This has turned out to be a incredible **** up.

            Ritz and company had a years grace to make an accountable system. They failed and by association so did I.

            Comment

            • fjlip
              Senior Member
              • Oct 2002
              • 9879

              #7
              Most dogs in the fight are BIG dogs with a "I am smart enough to beat the system" mentality. The Billionaires still rule, they are many times bigger dogs. Watch those smaller ones get eaten.

              Comment

              • sumdumguy
                Senior Member
                • Mar 2007
                • 12014

                #8
                Can't hear a boo out of Ritz.. Anybody see him lately? It would be nice to hear that he is actually alive and listening.

                Comment

                • MBgrower
                  Senior Member
                  • Sep 2012
                  • 1565

                  #9
                  Arbitrage is Richardson, Paterson, and Parrish having lunch in downtown winnipeg deciding what price to set wheat at today, ohh yah, and the discounts too.

                  Comment

                  • farmaholic
                    Senior Member
                    • Sep 2010
                    • 17483

                    #10
                    Nope, that's collusion/price fixing/thievery and the subtlest form of extortion you'll ever see.....

                    Comment

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