Canola futures/West Coast grain

[farming101]

Why the $4.00 a bushel basis in Vancouver

You do realize that $4/bu is about $147/t?
That inflated figure that has been circulating around for years is not based on reality.
December customs figures indicate wheat exports for all of Canada not including durum came in at $298.65/t.
https://www5.statcan.gc.ca/cimt-cicm/topNCountryCommodities-marchandises?lang=eng&chapterId=10&sectionId=2&sec tionLabel=II+-+Vegetable+products&refMonth=12&refYr=2019&freq=6& countryId=999&usaState=0&provId=1&arrayId=9800000& commodityId=100199&commodityName=Wheat+and+meslin% 2C+other+than+durum+wheat%2C+other+than+seed+for+s owing&topNDefault=10&tradeType=1&monthStr=December https://www5.statcan.gc.ca/cimt-cicm/topNCountryCommodities-marchandises?lang=eng&chapterId=10&sectionId=2&sec tionLabel=II+-+Vegetable+products&refMonth=12&refYr=2019&freq=6& countryId=999&usaState=0&provId=1&arrayId=9800000& commodityId=100199&commodityName=Wheat+and+meslin% 2C+other+than+durum+wheat%2C+other+than+seed+for+s owing&topNDefault=10&tradeType=1&monthStr=December
About two-thirds give or take of this year's crop is grading a 2 at port. There is a higher than usual amount of 3 and feed. There is also small amounts of other types of wheat in the 298.65 mentioned above.
1CWRS 13.5 has been around $225 with #2 about $7 off that and #3 another $20 below that. Your area may be different. An estimate would indicate that the difference between farm gate pricing and that realized at port is about 85-90 for the majority of the HRS this year, with #3 higher at 90-105. I would think feed is higher yet. I feel sorry for areas with no good local market for feed.
Add up primary elevator charges, administration, rail costs, terminal costs and see if that doesn't seem close.
Here is an old cost workup from years ago under the CWB.

[blackpowder]

He's so busy rewriting history, facts are but a mere nuisance.

[Integrity_Farmer]

You do realize that $4/bu is about $147/t?
That inflated figure that has been circulating around for years is not based on reality.
December customs figures indicate wheat exports for all of Canada not including durum came in at $298.65/t.
https://www5.statcan.gc.ca/cimt-cicm/topNCountryCommodities-marchandises?lang=eng&chapterId=10&sectionId=2&sec tionLabel=II+-+Vegetable+products&refMonth=12&refYr=2019&freq=6& countryId=999&usaState=0&provId=1&arrayId=9800000& commodityId=100199&commodityName=Wheat+and+meslin% 2C+other+than+durum+wheat%2C+other+than+seed+for+s owing&topNDefault=10&tradeType=1&monthStr=December https://www5.statcan.gc.ca/cimt-cicm/topNCountryCommodities-marchandises?lang=eng&chapterId=10&sectionId=2&sec tionLabel=II+-+Vegetable+products&refMonth=12&refYr=2019&freq=6& countryId=999&usaState=0&provId=1&arrayId=9800000& commodityId=100199&commodityName=Wheat+and+meslin% 2C+other+than+durum+wheat%2C+other+than+seed+for+s owing&topNDefault=10&tradeType=1&monthStr=December
About two-thirds give or take of this year's crop is grading a 2 at port. There is a higher than usual amount of 3 and feed. There is also small amounts of other types of wheat in the 298.65 mentioned above.
1CWRS 13.5 has been around $225 with #2 about $7 off that and #3 another $20 below that. Your area may be different. An estimate would indicate that the difference between farm gate pricing and that realized at port is about 85-90 for the majority of the HRS this year, with #3 higher at 90-105. I would think feed is higher yet. I feel sorry for areas with no good local market for feed.
Add up primary elevator charges, administration, rail costs, terminal costs and see if that doesn't seem close.
Here is an old cost workup from years ago under the CWB.
[ATTACH]5604[/ATTACH]

This is from Sask Wheat they list the basis for 2 RS at $141.46 and 3 RS at $149.34. This basis would include transportation and handling.
You may want to call Sask Wheat.
People on here are screaming for price transiency and when someone like Sask wheat provides it they scream at you for posting it.
https://saskwheat.ca/

[farming101]

This is from Sask Wheat they list the basis for 2 RS at $141.46 and 3 RS at $149.34. This basis would include transportation and handling.
You may want to call Sask Wheat.
People on here are screaming for price transiency and when someone like Sask wheat provides it they scream at you for posting it.
https://saskwheat.ca/

IF why would you reference this again when you chose not to respond to invitations for comment the last time?
https://www.agriville.com/threads/39460-sask-wheat-commission-report-excessive-basis-aka-grain-companies-screwing-farmers https://www.agriville.com/threads/39460-sask-wheat-commission-report-excessive-basis-aka-grain-companies-screwing-farmers
Would you please comment on the values I linked to in the above post?
https://www5.statcan.gc.ca/cimt-cicm/topNCountryCommodities-marchandises?lang=eng&chapterId=10&sectionId=2&sec tionLabel=II+-+Vegetable+products&refMonth=12&refYr=2019&freq=6& countryId=999&usaState=0&provId=1&arrayId=9800000& commodityId=100199&commodityName=Wheat+and+meslin% 2C+other+than+durum+wheat%2C+other+than+seed+for+s owing&topNDefault=10&tradeType=1&monthStr=December https://www5.statcan.gc.ca/cimt-cicm/topNCountryCommodities-marchandises?lang=eng&chapterId=10&sectionId=2&sec tionLabel=II+-+Vegetable+products&refMonth=12&refYr=2019&freq=6& countryId=999&usaState=0&provId=1&arrayId=9800000& commodityId=100199&commodityName=Wheat+and+meslin% 2C+other+than+durum+wheat%2C+other+than+seed+for+s owing&topNDefault=10&tradeType=1&monthStr=December
Do you understand the role of the Canadian International Trade Database? Have you done research as to where the values posted to the website originate and what they reflect regarding actual value of export goods?
https://www5.statcan.gc.ca/cimt-cicm/page-page?lang=eng&mode=concepts https://www5.statcan.gc.ca/cimt-cicm/page-page?lang=eng&mode=concepts
Have you researched the export basis research carried out by the Grain Monitoring Program since 2002?
http://grainmonitor.ca/reports.html#AnnualReports http://grainmonitor.ca/reports.html#AnnualReports

[Hamloc]

This is from Sask Wheat they list the basis for 2 RS at $141.46 and 3 RS at $149.34. This basis would include transportation and handling.
You may want to call Sask Wheat.
People on here are screaming for price transiency and when someone like Sask wheat provides it they scream at you for posting it.
https://saskwheat.ca/

The question is where does Sask Wheat get their numbers as their price for wheat appears to be anywhere from 35 dollars per tonne for the U.S. to almost $70 a tonne for Indonesia to high. Obvious grade variability but the point remains where does Sask Wheat get their price? Is Statscan in cahoots with the grain companies?