2004/2005 CPSR CWB Wheat

**charliep** · Mar 28, 2004, 09:39

A couple of other notes.

The CWB improved the basis on CPS wheat on Thursday from $15.20/tonne under the converted December KCBT wheat futures on Wednesday to $8.70/tonne under on Thursday.

The special contract CPS wheats get a premium of $10/tonne plus you are paid storage.

A good opportunity to price some in the next while or if bullish, lock in some basis.

**TOM4CWB** · Mar 29, 2004, 01:23

Charlie;

I believe you have mixed up the Market Development programs.

http://www.cwb.ca/en/news/releases/2003/122903.jsp

Navigator Durum is a $2.50/t premium;

PR5700 CPS is a $5.00/t premium;

Select CWRW varieties are $10.00/t,

AND Hard WHite Kanata and Snowbird are to get a $7.50/t premium.

**charliep** · Mar 29, 2004, 07:50

Thanks for correcting. How are these numbers determined?

**TOM4CWB** · Mar 30, 2004, 23:28

Charlie;

It sure looks like the CWB is hot on CPS, a price of over $200/t today.

On DTN I see that both Egypt and Syria cancelled wheat tender sales... they said the prices were too low... would tender at an undisclosed later date.

2004/2005 CPSR CWB Wheat