$4.00/New Crop Feed Wheat

**Incognito** · Mar 23, 2004, 22:17

CWB PRO 04/05

1 CPSR 170.00 4.63/bu

Can u get it to Vancouver for $23.00?

Where's Boone when ya need him...

**rain** · Mar 23, 2004, 23:29

A $170 PRO would make about $128 Calgary or $3.48 PRO. What is the HRSW PRO for next year?

**melvill** · Mar 24, 2004, 22:26

This'll light a little fire under the non-Board/Board argument about feed types of wheat like CPSR. Today (Mar 24) the CWB's Fixed Price Contract for CPSR was $157.00/t ($4.19/bu.) assuming a $44/tonne or $1.20/bu local deduction.

From a straight price risk management situation, it'd be a good idea to move to 25% of new-crop CPSR priced at that level.

**rain** · Mar 24, 2004, 22:34

I could not beleive the numbers. HRSW is looking really fine as well.

Could these prices mess up the CWB?

**melvill** · Mar 24, 2004, 22:46

Analysts I respect are suggesting to get new-crop wheat 25% to 30% priced using CWB Fixed Price Contracts for all wheats at today's price levels.

$4.00/New Crop Feed Wheat