Rain,
I am concerned that the whole wheat rally was actually overdone... and that the CWB was a critical factor in creating it.
On market integrety, this could end up costing western Canadian farmers big time...
In 1996, the CWB pulled out of the market, and was one influence that caused the wheat markets to go through the roof. Then it took many years to get back down to a reasonable wheat stocks level in export countries, as everyone on the planet grew wheat.
We need a stable milling wheat price at $6.50/bu CDN, not $8.50/bu, because as the price increases, the supply will increase exponetially as higher cost producers are able grow wheat profitably.
THE CWB could be valuable to us IF they learn to become facilitators of our marketing needs, rather than believing they are the marketers themselves.
How we get the CWB to this point is a BIG problem... I don't know if enough good will exists to get there, on either side of the political divide...
AS for the CWB loosing money on trades, it happens on a regular basis, but we will never hold them accountable till there is marketing choice...
I don't mind loosing money on a hedge, as long as both sides of the sale agreed it was a fair price...
And isn't that what it should be about Rain?
The choice to make the decision when to time our grain sales?
I am concerned that the whole wheat rally was actually overdone... and that the CWB was a critical factor in creating it.
On market integrety, this could end up costing western Canadian farmers big time...
In 1996, the CWB pulled out of the market, and was one influence that caused the wheat markets to go through the roof. Then it took many years to get back down to a reasonable wheat stocks level in export countries, as everyone on the planet grew wheat.
We need a stable milling wheat price at $6.50/bu CDN, not $8.50/bu, because as the price increases, the supply will increase exponetially as higher cost producers are able grow wheat profitably.
THE CWB could be valuable to us IF they learn to become facilitators of our marketing needs, rather than believing they are the marketers themselves.
How we get the CWB to this point is a BIG problem... I don't know if enough good will exists to get there, on either side of the political divide...
AS for the CWB loosing money on trades, it happens on a regular basis, but we will never hold them accountable till there is marketing choice...
I don't mind loosing money on a hedge, as long as both sides of the sale agreed it was a fair price...
And isn't that what it should be about Rain?
The choice to make the decision when to time our grain sales?
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