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[furrowtickler]

Good wheat finaly getting some attention locally , one local at $ .71 basis for April

[bucket]

Plus or minus?

[furrowtickler]

That's a plus $.71 for #1. 13.5 pro

[bucket]

So 6.50 cdn ?

[bucket]

Sorry I meant to ask 7.50 cdn
?

5.83usd is 7 cdn plus the basis. Should be 7.71cdn?

[furrowtickler]

No , 6.50 ish - still a buck missing somewhere.

[Cattleman]

Are grain companies honestly quoting basis simply over the futures price and not converting to CDN dollars? Do they offer contracts that way? Must have wording in the fine print, otherwise I would be asking for $6.50/bu in US dollars!!

[Oliver88]

CDN $ = $.8092 USD

$5.81 Minneapolis = $7.18 CDN

[ColevilleH2S]

Cattleman, the answer to your first question is: That is exactly what they are doing. They do it with a straight face, and insist all forex conversions are accounted for.

And to that I say; Good Grief!

[bucket]

Ask john depape. He will all of you guys straight about how fx is in the basis.

So then when you take the mpls number you don't convert to a cdn dollar. And add or subtract the basis in who knows what currency.

Long and short of it is we are getting ****ed.