Open Market pays $15/t more than Board

[AdamSmith]

GrainCorp in export move

GEOFF EASDOWN, MELBOURNE


SYDNEY-BASED commodity trader GrainCorp has made the first move to export wheat under the Federal Government's new international trading arrangements.

GrainCorp yesterday announced it would seek four permits to export 230,000 tonnes of wheat. It also said it would pay growers $15 a tonne above what AWB was prepared to offer under the former national pool monopoly arrangement.

Yesterday's announcement comes less than a week after the government decided to strip AWB of its veto over other traders selling bulk supplies of Australian wheat overseas.

Under the new arrangement, Federal Agriculture Minister Peter McGauran must approve all bulk wheat sales to overseas buyers.

[wedino]

& here's another example, gleaned from Agri Line:

NORTH DAKOTA ELEVATORS are offering over $3/bu for feed barley. At today's exchange rate it is $3.45/bu or $158/tonne Cdn. Contracts for next year are available. The latest Wheat Board PRO for Pool B is $105 to $113 after elevator and freight charges. Lethbridge cash is $148-$155.

[Ron]

so what is new crop price and what is freight cost from central AB to montana? assuming we can say to hell with the board. (actually I've been saying worse than that for quite a while)

[bobn]

Prices at Berthold, south of Weyburn.

Cash December Jan May/Jun Harvest
Sp Wheat 4.50 4.50 4.60 4.30
Durum 5.00 5.00 5.00 5.00

Malt Bar 3.40 3.40
Feed Bar 3.20 3.20

Wint Wh 4.20 4.20 4.25 4.00
Flax 6.00 6.00 6.00 6.25
yel peas 4.25 4.25 4.25 3.50
Canola 13.00 13.00 13.75

http://www.bertholdfarmers.com/