Read the Following and ask your self WTF is up with Canada!

[SASKFARMER3]

Oversupply and devalued currencies in key export nations will weigh down prices for the foreseeable future.
Europe’s euro is down about 25% against the US dollar, the Brazilian real has fallen 35% and the Russian ruble has plummeted by 50%. That means growers in those regions are experiencing phenomenal grain prices when sales made in US dollars are converted back to their local currencies.
“They’re inspired to sell,” said Carsten Bredin, vice-president of grain merchandising with Richardson International

[SASKFARMER3]

Our dollar has lost ground by some 25% yet in Canada we get paid in the pit the same or similar to a USA product in USA Elevator. Yet the representative from Pioneer says Brazil and Russia will do excellent with the lower dollar.

[SASKFARMER3]

I believe it was phenomenal Grain prices. I guess here its just Phenomenal Profits for Grain and Railway Companies.

[sumdumguy]

Freight eats up the difference, but as energy prices decline freight costs are going down - bulk ocean freight especially.

[bucket]

It's all in the basis SF3 don't worry about converting fx.

[GOODRUM]

Were to passive, we have been conditioned to accept any mistreatment we encounter.
I forget who posted here previously we've become a bunch of sheep.

[SASKFARMER3]

I just find it hilarious that some one from the trade was telling farmers that Russia and Brazil farmers are going to make out like bandits and be able to over produce because of their lower valued dollar. Yet in Canada where our dollar basically has crashed their is no mention of how were going to make out like bandits. No us sheep just wait for what's around that next corner at the lovely slaughter house. PING lights out.

[farmaholic]

Currency fx aside, maybe thats how arbitrage in North America works. Or there is some magic rule that says fx doesn't apply to Canadian grains. I wish fx wasn't applied to the new sprayer I'd like to buy.

[bucket]

Fx on the sprayer is an easy calculation.

Not sure why grain has to be so complicated.

[Hamloc]

Looking at the results from Ritchie's 3 sales yesterday farmers must have some optimism prices looked quite strong.

[boarderbloke]

The price posting by graincos is even more contrived now that they're using a blend of $/t. and $/bus, just to make one think that the per tonne price is somehow Canadian price. And that the basis is positive by a couple $/t. rather than the -$1.40/bus. These price postings are criminal and are being used to deceive farmers. The theft of all the fx is a windfall, and the graincos are enjoying it, as much as a ***** rolling around and luxuriating herself in cum covered sheets at the end of a long, successful day.
The graincos are going to continue to **** that fx for years to come, unless the dollar evens out and/or there is a hell of a shortage of grain to buy.

We need standardized price postings from the graincos.
1.) Grain exchange & futures month, with futures price in exchange currency.
2.) Currency exchange applied if necessary in Canadian dollars.
3.) Now take your basis, what ever graincos want, JUST SHOW THE ACTUAL AMOUNT YOUR GOING TO KEEP, BETWEEN THE FUTURES PRICE converted to CAD's AND THE NET PRICE in CAD's!!! If graincos are going to take $3.00/bus fine,,,JUST SHOW IT!!! Just have transparent, standardized, price postings rather than this bullshit your trying to pull off now. (showing a Basis value that's not in USD's or CAD's, but some mythical value that neither American or Canadian).

[bucket]

Don't tell depape that.

Or try explaining that to your MP.

[Hopperbin]

5 years ago and previous our average number one hrsw 13.5 price was lucky to be 3.80 per bushel. Today we are still spoiled at 6.50 to 7.00

[Hopperbin]

We can dump in the pit stateside and get grading and fuzz screw job the next day. At least here we get probed up the wazzo but we know what we get.

[SASKFARMER3]

But the point was a grain industry spokes person talking how countries with low dollar like Brazil and Russia would do so awesome its not even funny with the low dollar. Ah what is a Canadian dollar at .70 cents. That's 30% less where is our bonus. Ah Grain company balance sheets have it. Sorry Mr. farmer you idiot.