UNSTOPABLE DURUM!

**melvill** · Oct 11, 2007, 12:36

CP, I'd be interested in knowing the conditions of that $16/bu bid. Is it one elevator that is very short?

Probably the best place to look at spot durum prices stateside is in the upper right hand corner on MGEX home page. Look on the "Spot Indexes" table for a quote for DWI meaning durum wheat index.
Yesterday's quote for that index was 1438.95 at 19 elevators. That means the indexed average bid was $14.3895 at 19 surveyed elevators. I notice that since Jan 07 the number of elevators surveyed has varied between 54 and 19.

I'm waiting to find out exactly how the index data is collected and from what geographic area.

**cottonpicken** · Oct 11, 2007, 15:04

Could be,I got the quote off of the bottineau farmers elavators site.

**Incognito** · Oct 11, 2007, 16:22

it is time to play... pick the premium:

Who sold durum to the U.S. at $20.00 FOB?

Who, the very next day, sold durum to Tunisia at over $21.10 FOB.

Anyone care to guess?

And because I don't want to post twice, can anyone guess the export offers for FLAX?

Where is that marketing mirror, CP?
So many questions, I need it.

**SASKFARMER3** · Oct 11, 2007, 19:35

Here is some news from my mole at Cargill. CWB has a sale out of Thunder bay last week or end of week before for $18.00 - 1.50 = 16.50 to Sask, hell maybe they are in the game a little.
but if they sold half at 6.00 and half at 18.00 = 12.00 -1.50 Next PRO will be 10.50 take home Sask.right now its 9.00

**Incognito** · Oct 11, 2007, 22:41

C'mon Vader, Agstar - I expect better from you two:

Who sold durum to the U.S. at $20.00 FOB?

The CWB

Who, the very next day, sold durum to Tunisia at over $21.10 FOB.

The U.S.

There was a 25 cent per bushel premium the day the CWB sold to the U.S. basis USW asking prices.

The next day it was a $1.00 per bushel deficit.

How is it recorded in the CWB Sales Bible?

A premium that day...or a loss the next day?

UNSTOPABLE DURUM!