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CWB 08-09 lock-ins are back

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  • TOM4CWB
    Senior Member
    • Dec 2000
    • 16511

    CWB 08-09 lock-ins are back

    Dear Charlie,

    I see this:
    "The CWB has resumed 2008-09 BPC December futures lock-ins as on February 13, 2008."
  • silverback
    Senior Member
    • May 2005
    • 1697

    #2
    And they are only $1.00/bushel less today than Feb 11.

    That one day off surely didn't hurt anyone out there.

    Comment

    • TOM4CWB
      Senior Member
      • Dec 2000
      • 16511

      #3
      Silverback,

      Very interesting!

      That was sure 'maximising grain farmer's returns' wasn't it?

      Does this mean the CWB did not sell any wheat on the 12th of February... and gave the Customer buying the $1/bu discount?


      HMMMMMM.

      Comment

      • silverback
        Senior Member
        • May 2005
        • 1697

        #4
        I see bold lettering on their site now saying that the program may be withdrawn at any time they want.

        Was that disclaimer always there?

        I am really questioning the fairness of allowing those that got in under the deadline to clear an extra $1/bushel on those contracts. I know "he who hesitates..." but...

        Comment

        • TOM4CWB
          Senior Member
          • Dec 2000
          • 16511

          #5
          Silverback,

          Yes it always was there.

          Kind of makes you feel warm and fuzzy inside... doesn't it?

          Comment

          • carebear300
            Senior Member
            • Jan 2002
            • 630

            #6
            Or maybe screwed, blued and tatooed. oops I didn't say that out loud did I? The system sucks doesn't it?

            Comment

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