CWRS BPC

[bucket]

So in the real world if a grain company was handling the sale, a farmer could get a contract done for about 5.25 net mid point sask. Paid in full at delivery.

With the cwb you might see it in 18 months.

[charliep]

Yes.

You get paid somewhere between 50 and 75 cents/bu initial (if you can deliver) and potentially up to $2/bu adjustment. So at best, you will have a 50 % down payment by January 2011.

I am going to offend everyone. Strange that everyone tells me how tough things are financially in agriculture and yet it can survive with this kind of cash flow/risk management. It must be nice to have $2 mln plus of equity and an understanding banker.

[TOM4CWB]

Charlie,

Elevator guys tell me 80% of the wheat in western Canada is feed.

A 1-2CWRS tender was offered by CWB last couple weeks... not 1 t offered.

So now our CDN feed wheat is being bought to deliver as 'Canada Western'...into cargo holds and being milled into flour by the importers.

Wow... we sure have come a long way.

[ado089]

But it's a strong feed not a poor 4.

[TOM4CWB]

ado,

13px... 62lb... 375 falling number. Feed wheat.

[ado089]

I know. It's BS. There is alot out there that is crap but for the most part what I have seen being called feed has a little bit of bran blistering and that is it. Same with ergot, it's being bought as feed, sent over a graivity table and leaving as a 1 or 2. I'm not sure if wheat is washed before hitting the mill or not but ergot floats making it a non issue if it's being processed through water for some reason.

[TOM4CWB]

Charlie,

WOW... the basis is still going UP!!!