Bet on the CWB

[Integrity_Farmer]

With respect to protein premiums In the 2011-- 2012 crop year with the CWB we received up to $3.44 a bushel Premium for protein comparing 1 RS 11.5 Protein to 1 RS 15.5 Protein.

http://www.cwbafacts.ca/wp-content/uploads/2015/10/2015-Election-Facts-Harper-Hides.pdf

[CptnObvious]

Gray's report is based on sales reported to AAFC( weekly price summary), StatsCan( average farm price and detailed farm reporting tables), NWTerminal reported cash sales, US Wheat associates weekly price report, and USDA basis report. This is not Fox News, it's the real stuff.

[farming101]

AAFC "Indicator Price" is only useful for establishing trends(No longer published as of June 2015)

From the AAFC website: "The 'indicator prices' represent a sample of FOB asking prices for export and may not be reflective of actual selling prices."

http://www.agr.gc.ca/eng/industry-markets-and-trade/market-information-by-sector/crops/weekly-price-summary-last-updated-june-2015/?id=1378745200250 http://www.agr.gc.ca/eng/industry-markets-and-trade/market-information-by-sector/crops/weekly-price-summary-last-updated-june-2015/?id=1378745200250

[jamesb]

jamesb, you guys choose to forget all the pricing options under the CWB. We could do all the same stuff then, the difference is now we get a smaller percentage of the port price.
If you can sell all your wheat before Christmas you must be selling at less than street price or you have a thing going on with your elevator agent. I was still trying to clear November contracts on Feb. 1.

The CWB buy backs were a joke. If you could find a marketing opportunity you had to work quick as the buy back was usually raised to a level that it didn't make sense.
New crop wheat this was sold anywhere from $6.75 to $9.00. The $9.00 stuff being sold back in the summer on the price run up. Protein spreads vary greatly from plant to plant. Most of our wheat is shipped now. I love it that i don't have wait for a quota to open up. Ceres Global was shipping 100 car trains into the US on a regular basis. They ship directly on a BNSF railroad. The elevators we sold to on the CP were slower. Our malt went on a CN line and it moved very slow. The plant missed trains for weeks.
Your comment regarding "elevator agent". No we didnt get any thing special at the terminal but i find that in the post CWB world , shopping the wheat around, and having a good relationship with the customer service agents is very important. Good communication is of the upmost importance. It used to be that our local Sask wheat pool elevator 10 miles away was as far as we dared go. The Weyburn Inland terminal was a revelation for many when it opened as to the opportunity to gain grades and profit from what the local elevators offered. Where once we had that one or maybe two elevators we would sell to , now we sell to many depending on our grains quality and what each elevator is looking work. There is a huge bonus to be made shopping around. Pretty easy to figure out what a super B burns in fuel per mile and do the math.
I'm truly happy that my 19 year old son who is starting out farming has no memory of the CWB. One day I will have to dig out an old permit book and show him. I kept one and burnt the rest.

[Guest]

blackpowder, firstly learn how to spell and to string a coherent sentence together, and secondly exactly what is it that you think I lied about?

If you are losing argument (one which doesn't even warrant arguing about anymore) , attack the person . As taught at leftist school . FM

[furrowtickler]

Moe ended up leading the Sask party. Are you Curly or Larry perhaps?

Nice try 👎
That would be you and the other two borg supporters trying to beat a dead horse who’s time had passed .
Move on or get out .

[furrowtickler]

The CWB buy backs were a joke. If you could find a marketing opportunity you had to work quick as the buy back was usually raised to a level that it didn't make sense.
New crop wheat this was sold anywhere from $6.75 to $9.00. The $9.00 stuff being sold back in the summer on the price run up. Protein spreads vary greatly from plant to plant. Most of our wheat is shipped now. I love it that i don't have wait for a quota to open up. Ceres Global was shipping 100 car trains into the US on a regular basis. They ship directly on a BNSF railroad. The elevators we sold to on the CP were slower. Our malt went on a CN line and it moved very slow. The plant missed trains for weeks.
Your comment regarding "elevator agent". No we didnt get any thing special at the terminal but i find that in the post CWB world , shopping the wheat around, and having a good relationship with the customer service agents is very important. Good communication is of the upmost importance. It used to be that our local Sask wheat pool elevator 10 miles away was as far as we dared go. The Weyburn Inland terminal was a revelation for many when it opened as to the opportunity to gain grades and profit from what the local elevators offered. Where once we had that one or maybe two elevators we would sell to , now we sell to many depending on our grains quality and what each elevator is looking work. There is a huge bonus to be made shopping around. Pretty easy to figure out what a super B burns in fuel per mile and do the math.
I'm truly happy that my 19 year old son who is starting out farming has no memory of the CWB. One day I will have to dig out an old permit book and show him. I kept one and burnt the rest.

Well said , I could not agree more. The buy backs made it near impossible to generate any real net income from board grains .
I am sure there were a few who were bitter after Eastern Germany collapsed as well . Life went on and Germany became a financial powerhouse after the socialist collective was dismantled.

[CptnObvious]

113 posts and still nobody will take the bet.

[farming101]

No. Thanks anyway.

[malleefarmer]

Farming 101 that exactly what killed single desk in australia the costs of running it,the costs of interest for farmers waiting for payments usually a pool was wound up in 18 months.

Single desk alas would not survive in current grain marketing environment.

Pools only ever worked in rising markets and any premium achieved now after 19yrs of open market the premiums often quoted appears they were a furphy. And alot of pea and thimble stuff went on in books of single desk marketers.

2017 when prices spiked here up to $302 per tonne many astute farmers NOT me sold 50% of production for 17 and this year 18 that was just not possible under single desk.

And if single desk was going they would have been trying to sell 16 wheat into that rally rather than new crop.

Not a single die hard soul in australia misses the single desk a fair bit of murmurs and restlessness for about 3 years but subsided.

The difference between here and canada we had a derugualted domestic market for 10 yrs before export market feed up so we were used to it.

Canada maybe you guys went cold turkey and some are still adjusting such as the author of this thread.
Your biggest issue aint single desk or not its your damn transport and supply chain chain costs dont matter what system you have your screwed if you cant move grain.

http://www.viterra.com.au/wp-content/uploads/Shipping_Stem.pdf

info such as this link was hidden from farmers now we know exactly what comes and goes why prices spike at times for no reason, when ships are a few thousand tonne short. All interesting here in oz

So here in aust the "experts" seem to agree were around $25 per tonne better of with wheat $15 with feed barley malt apparently single desk may have been better 2/3 aint bad

[bucket]

Transparency?


It leads to accountability.

[farming101]

Thanks Mallee
Satisfying spikes in demand is impossible for the system in Canada. Amazing what doesn't get done here in a timely manner

[Guest]

it was said here in winnipeg , that there was generations of the same families working there . sort of an entitlement . and wages and benefits far outdistanced the labour force , then you would call there and it was like you were really bothering them . was funny to see how their attitudes changed the last few years once the writing was on the wall. any public organization that wouldn't let anyone see their books ? and shredded everything at the end ? really wtf ??? it was our money ? what kind of public outfit hides their books

[Hamloc]

Did a little more digging. In 2008-2009 crop year I only sold 2 loads #1 hard red, only 11.2 protein, net price 6.73 a bushel. In 2009-2010 crop year I sold 25 loads of hard red number 1 wheat. Ranged in protein from 11.2 to 14.8. 3 loads under 12 protein, 1 load was between 12-13, the rest were 13 protein and up. After all interm payments and final payment I recieved $5.06 per bushel, yup I was really making big money Captobvious. The initial payment between 11 protein and 14.5 protein was 1.76 higher for the higher protein. Very similar to this year in Alberta as 11.5 protein wheat is selling for $5.50 at Viterra and over 14 protein if you had any would be over $7.50. Now I pre sold some last spring for $8.75 but when I delivered this fall it was discounted to $7.53 because the protein was 11.6(was pre sold as #2 13.5). So I realize there is no point arguing with you Captobvious but there is some more numbers for you to chew on. Still much happier with the CWB.

[grassfarmer]

....Still much happier with the CWB.

So were a lot of people apparently.