More on CWB and Saudi Wheat giveaway

[bucket]

Agstar

Do you think their checkoff costs a buck a bushel?

From the evidence in the letter that is what the cwb undercut on this sale.

And would you like to discuss the checkoff fee for growing durum at the current time.
At a very minimum the cwb reduced my value by 75cents a bushel by forcing me to store their grain for another day (july31 to August1) on my 08 crop. Which btw is not going to be paid for until dec10.

I would gladly live in a world where I could price my grain prior to growing it with prices that are reflective of the world price rather than the nonsense of the cwb.

[bucket]

AND agstar until someone at the cwb puts their numbers up their rhetoric means nothing. This "trust the cwb we are the best" mentality is bullshit until the numbers come out.

Oh wait, we are all too stupid to figure out the lousy prices they sell our grain for when we get our final payments for the year and compare them against averages in the states.

Weber keeps us up to date daily. All you would have to do is average the prices over the year and know the cwb is the weakest link.

[SASKFARMER3]

God Aglooser are you just that plain out of your mind. Facts on what the beloved CWB does and you stick your head in sand. These loosers sold your product and mine at way below world price. Why to show they were doing stuff and had sales. Just blow our product out at any cost. They cost us farmers millions.millions millions.

[Jay-mo]

It is obvious that the only direction the CWB can influence the market is downwards.
How many people at the CWB are making decisions on sales for thousands of farmers? I would be interested to know this. The fact that I don't know this or the fact that it really doesn't matter is infuriating to say the least!

[cchurch]

U.S. Wheat Associates said it, it must be true.

[Fransisco]

Prove it wrong then.

Numbers and sources please.

[wd9]

If the CWB bid the highest they would not have gotten the tender. Correct?

So how significant is the $18 per tonne? Would $10 per tonne be acceptable to get the tender? $5? Half a million tonnes is a big chunk and a tender worth getting.

Given today's price and mandate to move that all produced crop, was it a good move by the board to 'lose' $18?

I would have to say yes, it is acceptable. The best price, no. But like poker, you don't know at the time of tender what cards the others are holding, and it seems they needed to win this hand.

[Fransisco]

So then you admit that the wheat board does not extract premiums from the marketplace and does not maximize returns to farmers. That the only way it can get sales is by underbidding everyone else.

[Fransisco]

In other words the much talked about pricing power is a farce.

[bucket]

To make a sale in or at harvest lows with that volume is just plain stupid.

Given the following that the cwb would or should have known at that time:

1. the western canadian farmers had produced a high quality wheat crop.

2. The world is currently short high quality wheat.

Making a sale or at least not communicating to others in the industry to make a sale that would be beneficial to all is incomprehensible.

Seems sort of odd that SIr Ian would write a letter after the fact when in his letter he was supposedly sending an olive branch to the US wheat associates make sale for the good of all of us. Just like robin hood you know. EXCEPT Sir Ian likes to steal from the poor (western canadian farmers) and give to the rich (the Saudis).

Absolute f****** incompetence.

cchurch

The only way the cwb can disprove what has been written is to back it up with fact. That means telling western canadian farmers (who pay their salaries) what the sales figures are. No sense in hiding it any longer - the PRO's, my final returns for 09-10 and the trade are going to set the facts straight. The cwb made a shitty sale for a shitty price and once again western canadian farmers have to put up with the stench.