Post CWB

[TOM4CWB]

Mustard,

So where are the private trade supposed to get the $$$... when end users don't pay?

In the US 16px is the same as 14px (13.5cdn px).

But... don't confuse the issues with the facts... right Mustard...

[LWeber]

2011/12
USDA Weighted average farm price Durum: all grades - all protein levels

9.90 USD

2011/12 CWB PRO fro 1 CWAD 13.0 DELIVERED Saskatchewan

$8.05 CAD


Using the published transparent and accurate data from the USDA, as it establishes insurance payouts...

The U.S. blended grade and protein is USD$1.85 a bushel better than the single desk seller environment 1 cwad 13.0...

Marketing power...right

[ado089]

Mustard, If you pay everyone less for
their wheat you can make the protein
spreads anything you want, such is the
case with the CWB this year. The PRO is
also an imaginary number that behaves
alot like a balloon, in the sense that
the longer you leave it, the more it
shrinks. I wish you luck with the board
and hope it works out for you, in the
meantime I'm exercising my property
rights and choosing to market my wheat
elsewhere. So far on my little farm this
year I'm $18k ahead just on basis ($.77
compared to $1.61).

[bucket]

You couldn't wipe your ass with the paper the cwb PRO is written on.

Its not a contract, it is a made up number by Gord Flaten and his team. They won't and haven't ever put their jobs on the line with their antics.

The cwb started selling late, according to their own releases, that tells me they should have the highest prices available. They don't. So how did they manage to have the Japanese premium market in the palm of their hands and have lower returns to farmers according to their PRO?

[blackpowder]

I should just walk away, but...
In July i signed basis contracts for most of my wheat. Nov delivery. So far half gone. Yes my piles are gone before end OCT! And I didn't need 'PERMISSION'.
Have already rolled out to July on some. Now moving malt bags before end Nov!!! Anyone who says I'm selling for less money is calling me stupid!
Oh hell yes I want to go back.
Next project is a flamethrower after our grading system!!!!
The emperor never did have any damn clothes! Kool-aid is so accurate!

[wilagro]

Comparing the present open market system with the OLD CWB is completely POINTLESS.
Comparing the present system to the NEW CWB is even more POINTLESS as it has no record of performance to make judgements from.

Time will show what is advantageous for each and every producer and their particular crops and circumstance.

Those who trash or strike out at the old system are being disingenuous and are just being feces disturbers for no other reason than REVENGE against the old CWB supporters. Trying to get along with their neighbours might be a better course of action. The system has changed...why not just accept it and carry on farming without this constant rancor.

[mustardman]

bucket a few years ago we saw $12.37 in our pocket.
I would like to see the weighted average Open market price that year. My guess is there was a hell of lot more U.S producers sold at $7-9 per bushel. By the time the $17 price came along the cupboard was bare.
We are about to see this happen here this year. Will we see an average of $12.37? No most will have been sold around 8-9 per bushel. Why?
Economics 101, too many sellers

[Tucker]

Mustard do you really want to bring up a few years ago when the CWB got caught short and had
to buy wheat for $28/bu? Let's go there, shall we?

[makar]

Has anyone contracted to the cwb?, yes i have and many of my neighbors have. Nothing to do with cwb fanatics. Here in the peace as usual grain is moving slow. I had the choice of taking 8.39 pro for my wheat, said to move by january paid in febuary or contract for febuary for 8.30 and haul god knows when. Terminals here are famous for 2 or 3 months behind contract delivery dates. I contracted half my wheat to the cwb, and a 1/4 of it is gone, selling wheat on a spot price is impossible. I refuse to contract after pioneer forced me to buy out a barley contract they would not take, blaming the cwb for them not taking my open market barley. Viterra flat out told me no forward contract, no delivery, ever. Not cheering for either side, but for the cwb has taken some of my grain and the money is the same, even faster. I dont see how contracting for 7.00 in the summer would have made me money.

[FarmRanger]

<i>"Economics 101, too many sellers"</i>

That same economics course will also point out that a market with only one buyer will mean lower prices for sellers in that market.
There were no incentives to gain efficiencies because there were no benefits to gaining a competitive advantage over other buyers of wheat: those buyers had been legislated out of existence by the CWB Act. Over time, the lack of incentives to gain efficiencies translated into larger and larger discounts being forced on western Canadian wheat farmers.

Thankfully that &#%@ is over.