The marvel of the internet now allows us easy access to a lot of information. Anyone who has tracked down current elevator wheat prices in the U.S. is currently shocked at how much difference there is from what we are getting. We can all argue about the monetary benefits the CWB provides producers but really at the end of the day the important number is what a farmer is paid for his grain Since no one is privy to the CWB sales figures how do we in fact judge their performance. American elevator prices do afford us some comparative ability. We can find points that have a similar costs in terms of elevation and rail freight and we can also make similar comparisons on types of wheat. Hard Red winters compare closely as does Dark Northern Spring and CWRS. I am not familiar with Durum but also would assume it compares. We also do have some comparative export positions at least on the west coast. So we need to ask the questions. If we took and determined a yearly average price at a U.S. elevator could we use that to compare against our final price? Could we compare elevator spot against FPC's and DPC's? Can we compare price spreads and proteins between grades or between different types of wheat. Let me know what you think
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