May CWB Pool Return Outlooks

[charliep]

Just a note to highlight the CWB pool return outlooks were released today for both old (2001/02) and new crop (2002/03). With the exception of 2001/02 durum, all PRO forecasts were lower.

http://www.cwb.ca

Today was also the first day for the durum PPO (forward pricing opportunity). The price was about $235/t in store Vancouver for 1CWAD 13% ptn. or a $8.65/t discount to the PRO. Works out to a off the combine for 1 CWAD basis Alberta of about $5/bu (depending on location).

http://www.cwb.ca/corp/apps/ppo_prices.nsf/fixed_price/2002_index.html

For those of you that are looking for another career, the CWB is also advertising for the CEO - no indication of salary being offered.

http://www.cwb.ca/human-res/employment/ceo.pdf

[charliep]

I left out $5/bu for 1CWAD 13 % protein. Does this perk anyones attention? Depending on how you see your production/quality chances, I would start to think about locking in the first portion of new crop production.