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Post CWB

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  • hobbyfrmr
    Senior Member
    • Feb 2008
    • 3178

    #11
    Tom,
    I agree with your points. Any farmer can order
    producer loaded rail car through the Canadian
    Grain Commission. The Canadian Grain Act
    states that producers have priority on a
    percentage of rail car allocations. It is not
    necessary to sell through the cwb to get a rail
    car in a timely manner. It is good to be free
    to.choose what we see fit.

    Comment

    • wmoebis
      Senior Member
      • Aug 1999
      • 2652

      #12
      Has anyone had any experience with producer cars of wheat contracted to grain companies or just to the CWB?

      Comment

      • Westside
        Junior Member
        • Feb 2007
        • 11

        #13
        Real time example
        Contracted and sold 150,000 bushels of No.1-13% protien durum @$8.50 per bushel= $1,275,000.00
        Price and Protien guaranteed Nov-Dec delivery.
        CWB Harvest Pool
        No.1-13%protien PRO $9.69 in store Vancouver or St. Lawrence. Deduct average freight and handling using CWB website for Sask. $1.61 per bushel. No price or protien guarantee.$8.06 net x 150,000 bushels= $1,209,00.00 total payments including interm and final. Of course the PRO is not guaranteed and any other payments do not have a scheduled payment date. The difference is $66,000.00
        Cash flow Difference
        Open market fully paid upon contract being filled.
        CWB only initial paid upon delivery
        CWB initial $7.03 per bushel. Deduct freight and handling $1.61= $5.42 net price
        Cash flow
        CWB cash flow total
        Initial price $7.03 deduct again average freight and handling $1.61= $5.42 per bushel X 150,000 bushels= $813,000.00
        Cash flow difference= $462,000.00

        Our farm is going open market.

        Comment

        • parsley
          Senior Member
          • Oct 2000
          • 10986

          #14
          One farm.
          462K in your pocket if you choose to get it. Easy
          money That's what one choice provides.

          And that is why so many socialists/ communists
          fought so hard to prevent you from being able to
          make that choice. Now they have to hustle
          someone else.
          Prob no CBC/CWB Grey Cup party on you guys
          at 423 Main this year, I'll bet.

          Have a beer for me, Westside. Pars

          Comment

          • SASKFARMER3
            Senior Member
            • Feb 2006
            • 14485

            #15
            West side good description, we have seen the
            same thing, cash in my pocket, not wait and share
            and wait some more.

            Comment

            • $short
              Senior Member
              • Jan 2011
              • 155

              #16
              Has anyone even signed up a CWB contract? I
              have yet to hear someone actually admit to doing
              so.

              Comment

              • mustardman
                Senior Member
                • Aug 2006
                • 2105

                #17
                3 0r 4 years ago under similar durum stock scenario we saw $10 in our pocket .
                With 10,000 sellers the Cash price will never get close to that.

                Viterra, Richarsdson,Cargill etc are loving this Cash durum market. NO transparency,no accountability, 10 cent protein spread, no lets deduct 30 cents

                Ritz' version of the cwb is like castrating your bull and turning it out with the cows. It still looks like a bull and walks like a bull, but don't expect any calves in the spring.

                Comment

                • SASKFARMER3
                  Senior Member
                  • Feb 2006
                  • 14485

                  #18
                  Wow mouseturd you just dont get it do
                  you.
                  Lots and lots of high protien wheat and
                  durum no need for premium.
                  The CWB would have pre sold all your
                  durum to the special players before hand
                  and we would have ended up with 5 or
                  less.
                  Then the grading system where very
                  little 1 rest three to 5.
                  Simply farmers shot the bull you put out
                  to pasture made bologna out of him and
                  got a young buck in to do his job. and
                  wow is he doing his job.

                  Comment

                  • bucket
                    Senior Member
                    • Jan 2008
                    • 17035

                    #19
                    $short

                    Even most of the pro cwb ex directors are not using the CWB.

                    Comment

                    • bucket
                      Senior Member
                      • Jan 2008
                      • 17035

                      #20
                      mustard

                      3 or 4 years ago we should have seen 15 bucks in our pocket.

                      But for the likes of ****head Rod Flaman and his wealth distribution plan we never did.

                      Can someone bring up that post on durum from Vader from a few years back.

                      Its worth posting occasionally so farmers never make the same mistake of bringing the cwb monopoly back.

                      Comment

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