Where is the CWB increase in 09/10 PRICES

[ProFarmer]

If our wheat is so valuable and the world is willing to pay a premium because of our CWB elite list of buyers where is our increse in prices. We are still 2 dollars behind the pro and even more if you compare our prices to our poor farmers to the south.

[SASKFARMER3]

I agree this is got to be the worst of worst. Were heading into may with only 90 days left in the marketing year and no price increase for us. Yea they will blame it on Ottawa but come one why not ask for increase in Jan like normal. Now it seems if they do give us a increase it wont be till Farm progress show in June. That's their next favorite date. So we liquidate High valued protein wheat for below feed prices so our wonderful CWB can give it away. Losers and that's all on that subject.

[bucket]

When the cwb is 80% sold on wheat and still lowering the PROs for the 09/10 crop you have to know they are currently paying buyers to take our grain.

Do the math. To lower the pro with only 20% left to sell, across the entire crop, is astonishing.

Its this simple. You have 10 bushels. Sell 8 bushels for 5 bucks. What do you have to sell the last 2 bushels for to drop the price the way the cwb has. To average 4.50 for all of it, the last 2 bushels are sold for ---- wait for it ---- $2.50 a bushel. Meanwhile the price of wheat is going up around the world. Some premium.

Hey vader, where's your analysis on wheat now? You never presented it. Maybe you could throw in your current analysis on durum for a laugh as well.

Saskfarmer3, vader is protecting you from buying those 3 quarters. Meanwhile, the other guy he was protecting is out of business.

Can someone call up that rant by vader on durum a couple years back. Its really worth reading at this time. Really adds perspective on the arrogance of the cwb.

[dave4441]

Maybe the question is it is 80% sold but is it all priced? That could make it even worse senerio.

[cityguy]

Weird thing is that if you go back a year ago February when the first 09/10 PRO was put out it equated to about $232 US/mt at the time (basis 1-13.5 protein). Save for when the whole market place rallied in May/June/July last year on account of the late seeded corn crop, to which the US dollar value of the PRO's went up to about $250, the PRO's have been within $10 US of that original Feb projection. Think the last old crop PRO in March worked out to about $233.
Begs the question as to how the CWB "hedge" the dollar - when they sell wheat to consumer or when they "buy/take" wheat from the farmer, after all the wheat trade is a US dollar affair. Have to presume that 15 months ago they had a PRO but they didn't sell futures, didn't sell the US dollar, didn't sell cash wheat, didn't, didn't,didn't.....