Go Alberta go

[eatmorewheat]

If Alberta can quickly bring an end to the communist experience in grain in western Canada; then go Alberta go!

The CWB reminds me of the East German gov't in the summer of 1989. The wall was starting to crack and they only tightened the screws more and cranked up the baloney cam. We all know what happened next.

Free wheat in the west, and let's get on with building the best damn grain industry in the world. We have the resources, knowledge and capital to do it. We just need the barriers torn down.

The world is not resting while we struggle with our domestic challenges.

Free wheat in the west.

[Incognito]

Out of curiosity Eatmore:

What would you bid 1 CWRS 13.5 at your mill today?

[eatmorewheat]

http://www.hayhoe.com/Cash_wheat_prices.htm

Roughly $230/tonne for #1 cwrs 13.5 delivered my door

[Incognito]

Found it myself:

#1 Western Hard Red Spirng wheat >14.0% Protein: $230.000/tonne [$6.26/bu]

Considering that rail freight from a mid-point in Saskatchewan to Ontario is going to be a $45.00 ride to the LH and beyond - it would still equate to over $5.00 a bushel backed off to Saskatchewan.

Anyone have rail freight from Scott, SK to Toronto?

[charliep]

Sometimes it is interesting to look at numbers.

Current St. Lawrence CWB asking price for 1 CWRS 13.5 % protein wheat - $244/tonne: (http://www.agric.gov.ab.ca/economic/stats/wkgrain.html)

Current CWB PRO 1 CWRS 13.5 protein - $206/tonne (basis Vancouver/St. Lawrence) - http://www.cwb.ca/db/contracts/pool_return/pro.nsf/WebPRPub/2003_20040226.html

CWB fixed price contract (assuming you signed basis contract earlier) - $200/tonne plus basis (likely $10 to $15/tonne) again basis port.

What would the producer direct sale price have been on Friday?

[Incognito]

Eatmore:

Let's add demand to the picture. How much red spring do you mill a year?

Regards

[eatmorewheat]

Ontario mills over 1 million tonnes of Hard Red Spring wheat. Ontario is also growing more hard red spring and hard red winter wheat every year.

[boone]

eatmorewheat: Ahh, now the HUNTER becomes the HUNTED, nice sidestep there, the question was, how much do you mill? And the next question could be, how much wheat does Ontario grow for sale?

[charliep]

The Producer Direct Sale Price on Friday was $220.63/tonne (Vancouver/St. Lawrence). Phoned 1 800 ASK 4CWB for this (not posted). The Fixed price contract I used was the May futures contract and can be found at: http://www.cwb.ca/db/contracts/ppo/ppo_prices.nsf/fixed_price/fbpc-wheat-2003-mhrs-20040312.html.

Just as a note, the producer direct sale price is close to what the fixed price contract would be if a farmer had signed up a basis contract last summer/rolled it to the May contract.

There are alternatives within the current mandate including 52 week a year cash pricing and/or no cost export licencing if chosen by the CWB.

[eatmorewheat]

Ontario grew over 2 million tonnes of wheat in 2003. 750 000 tonnes will be milled in Ontario and the balance shipped TARIFF FREE into the US and offshore. I grind roughly 10 000 tonnes/year of hard wheat.

Free wheat in the west.