saudi wheat

[charliep]

Always an interesting discussion about buying local. A question at USDA highlighted the dichotomy of promoting healthy diets by including more raw fruit and vegetables in diets versus buying local in the winter time. Consumers decide what they buy and when they buy it.

To relate the heading, Saudi Arabia made the decision is too expensive to grow wheat on the desert (similar perhaps to western Canada reality of green house crops in the winter).

On the topic, the Saudi will tender. Results will reach the trade and market eventually.

[charliep]

Always interesting to google to find out details on the newswires. Note the quality required (higher protein) and shipping period (October 2010 to April 2011).

[URL="http://www.arabianbusiness.com/590740-saudi-arabia-tenders-for-990000-tonnes-of-wheat"]saudi wheat tender[/URL]

[bucket]

On a related topic.


Japan bought 126,500 metric tons of feed wheat for shipment between July 11 and Aug. 10. Of the total, 111,000 tons will be sourced from the U.S., 17,500 from Canada and 18,000 from Australia.


Feed wheat, really, where is the cwb finding that. Must be that "premium" Japan pays. Most feed wheat from previous years has been blended into higher quality. Just keep those premiums coming.

Nice sale considering the current crop conditions.

[cityguy]

One thing to clarify on the Saudi protein - the 12.5 / 14.0 protein is basis dry matter, making the 14.0 protein really 12.2 basis 13.5 moisture that Canada measures protein against. So these are high protein winter wheat sales/ low protein CWRS sales.

Am going to presume that the concensus is that given all the restictions that the Canadian wheat "market" has to deal with is that the CWB should simply pass.

[TOM4CWB]

Cityguy,

There are thousands of t od select high px winter wheat that the CWB refuses to buy.

Instead we must deliver this highest quality WW at a $20/t discount. The only 'premium' being extracted... is FROM our farm's bank account. I suppose this is the true purpose of the CWB... to minimize the cost for customers.

Without competition... the CWB are masters with proven morals... of the lowest value.

With all the low px winter wheat in the US... obviously the CWB has the high quality monopoly market to themselves... at 'designated area' farm price of $3.25/bu CDN... and many of us who had 2009 yeilds of 25-30bu/ac.

A loss of close $100/ac.

These people (Selling our wheat at the CWB) must think they are truly 'heros'!