Oh Canada! Our Canadian Dollar and Grain!

[wmoebis]

AB gov't just announced a new commission to look into price diff on retail price between USA and Can. The. First place they should start is on grain prices at elev. Or maybe AG Canada could set up a commission or expand the Grain Commission mandate.

[wmoebis]

AB gov't just announced a new commission to look into price diff on retail price between USA and Can. The. First place they should start is on grain prices at elev. Or maybe AG Canada could set up a commission or expand the Grain Commission mandate.

[SASKFARMER3]

Price difference on retail is easy dollar explains but on grain no one wants to answer my question.
Answer is easy Because we can do what the F$%K we want. Signed by every grain company out their.

[fjlip]

Or take me to court like the RR's.

[SASKFARMER3]

And after farmers spend millions of dollars on lawyers as the process drags on with a court case the lawyers win. Finally farmers drop off as lawyer bills get higher and higher and grain companies make it look like all is good and life goes on.
Ah what a system .
60 reply's and no expert to explain how on Wheat were getting no benefit or actually any crop.
Because the truth is we have no chance at recouping the low dollar cost from grain companies its their extras tookage.

[wmoebis]

This could answer some of your questions. From Feb 12, 2013 WP

Wade Sobkowich, executive director of the Western Grain Elevators Association, said there is only one pot of money, and farmers will receive less for their grain if they are paid for storage or given less dockage.

“If they pay farmers for on-farm storage, then money has to be taken away from somewhere else,” said Sobkowich..

Maybe they are just building a slush fund incase they can't make contract commitments or farmers start complaining more about excessive dockage etc.

[OneOfMany]

“If they pay farmers for on-farm storage, then money has to be taken away from somewhere else,” said Sobkowich.

In the US there is very little "on farm storage"

So with that comment, we know where Mr Sobkowich's interest lie.

[mbratrud]

Unfortunately we have got what we asked for. I could cry in frustration because I have warned of this. Our complacancy over the past 5 - 6 years is coming home to roost. WIT looks ****ing brilliant now... BTW a birdy told me that WIT made over 10Mil in 2013. For the record not current P&H employee or former director of WIT.

Government should have forced use of ICE Wheat futures as a part of their commitment to help establish market. At least we could have had a more transparent form of arbitrage when the CAD strays this far from Par USD.

The days of Farmers working together to build something seem so far away.... I guess it's buy ADM, CERES, AGT, stocks and hope it work as a bit of a hedge. Until there is enough motivation to change things, oorrr the next supply crunch.

[bucket]

Mbratrud

No one asked for ****ed up thieving system. Most just wanted to be able to sell grain on their terms. Like sign a contract months in advance and deliver it as the contract stated.

Not for more or less or 3 months late.

That's what most wanted.

Now we get an 80 cent dollar and a minus 3 dollar basis with an export price of 9 bucks which customers are paying. And graincos are pocketing the difference on both price and grade upgrades from prairie to port.

[cottonpicken]

MB,you guys fought the good fight and dumb asses like me thought it would be a route,never take a knife to a gun fight i guess.