USDA average weighted prices

[Fransisco]

Yup, even before you work the dollar exchange rate into this equation the Board comes in last.

[Fransisco]

For a visual representation of the CWB's USDA weighted average price "argument" in action go here...

http://www.youtube.com/watch?v=Ukq-UUQAcZs&feature=related

[cottonpicken]

Why is this side of the battle being fought?

The numbers are against us for 07-08.

If the 500 million lost dollars fpc numbers are correct,then thats good for some of us.Less dollars to compete against.

The business cycle should be protected and mal investment should be purged.

It is not in all farmers interests that extra money is being made.

[TOM4CWB]

C.P.

And this is why the Basis used by the CWB on FPC's... is so wrong. The basis used has no bearing to reality of what was being paid at the West Coast of North America... where my wheat was shipped to. The extra adjustment factors the CWB subtracted... for 'late sales' after August 1/07... is a straight cross transfer to the pool accounts... as is the basis at negative #'s.

Plus the CWB is loosing millions more on risk management... because they don't manage risk... that is the pools job... the contingency fund is just there to bring up pool values. No back to back FPC or DPC sales to mitigate risk... no matching of sales to hedges on PPO's (FPC/DPC)... just plunge that puppy so no one could ever contemplate ever.. a voluntary CWB.

What a crew we have in CWB management.

[Fransisco]

The USDA monthly data will be able to tell us exactly how much has been sold in every month of the 2007 crop year. But we won't get to see it till august.

[Fransisco]

Here we are two days later and not a single anti-choice CWB monopoly supporter challenges my numbers, sources or conclusion.

In the grand tradition of Stewie Griffin I declare that, <b>" VICTORY IS MINE!"</b>