CWB and Export Barley

[TOM4CWB]

Charlie;

I see this on the Aug. 1 DTN;

"In other cash-grain news, Japan held its big barley tender overnight and booked 7.34 million bushels of feed barley. These special "SBS" tenders come in addition to Japan's weekly barley tender, which is mostly food barley.

Japan may hold two more special feed-barley tenders before March 31.
No origins are known for today's barley purchases, but Japan's Agriculture Ministry paid an average of $3.56 1/2 per bushel. The ministry plans to sell it to Japanese feed processors and livestock feeders at an average of $4.15 per bushel. The ministry uses the profits to fund large production/income subsidies to Japanese grain farmers.

In other cash-grain news from eastern Asia, South Korean feed processors have bought about 1.575 million bushels of U.S. feed corn for early-October shipment. With shipping, the deal cost about $3.16 2/3 per bushel."

How does the CWB bid and supply to these tenders under the present CWB system?

[cropduster]

That`s a secret Tom4CWB .In fact it`s so secret even the chairman doesn`t know!!!!!

[jensend]

This is one of those matters where unauthorized persons who stumble onto the facts would have to be killed. My understanding is that the chairman is not authorized.