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BIG CHANGECWB PPO contracts and Protein (px)

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    BIG CHANGECWB PPO contracts and Protein (px)

    Charlie,

    I see a major 2010-11 overhaul in 1CPS RED, 1CWRW 1CWES.

    Now premiums paid for 1CPSRed 11.5% $10/t.

    1CWRW 14 initial is now $119/t
    1CWRW initial is $96/t

    PPO contracts use straight grade (no px)on price documents.

    This may make a big difference to those who have drought/high px wheat and net priceout value.

    #2
    Is that going to be a premium for the protein or a discount for the standard crop?

    Comment


      #3
      Will reward those who have higher protein. Not a market protein spread
      however but rather an assumed average over the pooling year for initial
      payment purposes to fit Canada's regulated system. Lower protein
      should be targeted to domestic market/ethanol plants anyway.

      An ideal world would see real prices posted by everyone including the
      CWB and an open boarder so farmers could shop the market for the
      highest price at their farm gate for their particular wheat (including all
      specifications and protein). Not sure what else to say. On holidays so
      perhaps the brain isn't working (or thinking about more basic things like
      paddling a canoe/enjoying the mountains).

      Comment

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