% sold

[checking]

Thank you bucket and cityguy.

Sure would love to sell off that CWB lazyboy with a single desk at a garage sale! If you look downunder it, maybe it landed on Ian.

That would be a happy White X-mas.

[Choice2U]

Cityguy.....In one sentence you refer to the LDP as dumping and then the next sentence you follow with this year could be the US's worst export year in 20 years.....if a country is dumping their production, how can they be so far behind in their exports?

[Hopperbin]

I only have a million and a half dollars worth of my own grain to sell. Why should I need to care what the CWB is supposed to be doing? In fact no farmer has any control of what the CWB is doing with our grain. After the end of the year I would expect them to have done the right thing throughout the year to market my grain. They have one hell of a lot more of farmers grain on the line than I have of my own grain on the line. So I would expect them to get me the best possible price by some orderly or risky what ever they need to do marketing. All said I am not selling to the board any grain the last couple years.

[cityguy]

to clarify for Choice 2U - Total US wheat exports are projected to be 875 million bu's this year of which 50 million are durum. Last year the US exported 1.015 billion bu's of which 24 million was durum. So overall wheat exports are expected to be down but inside that total wheat number the durum exports are expected to double. The smallest total wheat export program in the past 20 years was 856 million in 02/03 (drought year). However, year to date sales of wheat are behind the pace in 02/03 so there is the very real possibility that the US could end the year behind the 02/03 year in exports. For the sake of argument can presume that the CWB shoulda woulda coulda been more agressive on durum sales, but I find it amazing that the US governement has spent close to $100 million on LDP cheques for durum (80 million bushels X $1.20/bu) and no one up here blinks an eye. Does anyone seriously think that the USDA would be expecting durum exports to double year over year if the governemnt hadn't been handing out $1.20/bu cheques every time you took a durum load to town. No question that the CWB can distort the markets - both on the export side (Saudi puke) but clearly at the farm gate. But the LDP's take away cure for low prices, namely low prices, and in the case of durum this year are just as distorting.