BPC contracts for this year

[Steve_Winkler]

Just curious, anyone thinking of locking in the basis for December 2010 before the adjustment factor kicks in Monday? I can only imagine how negative that number is going to be. I'm considering some tonnage just to have a positive basis and think the market will still be rising but lately the market seems to be anybody's "guess".

Cheers,

Steve

[Steve_Winkler]

Already forgot, I'll be stuck with whatever adjustment factor is going to be if I don't price today... guess I should've done a flexpro. Barf. Sure be nice to have the option to market your own wouldn't it.

[Steve_Winkler]

Okay... this is like talking to myself. I just re-read the BPC terms again and I see if I do lock in the basis today, $0 adjustment factor. It's good to have a small brain in the morning.

[mcfarms]

Steve

6.01 in your pocket today for 13.5 1cwrs. Difficult decision now with the pro 1.22 back of the fixed price, whether to take it as a fpc or do a bpc.

[RedRiverMB]

We signed up some tonnes today, just over $6/bu,
looks a lot better than it was 2 months ago. Keep in
mind there is a lot of wheat still around the world. Pro
has a lot of work to do to catch $6, and i'm sure the
CWB will work hard not to sell it cheap to their friends
Warburton or the Saudi's.

[TOM4CWB]

Steve;

" the CWB has priced approximately 11 per cent of the expected 2010-11 crop year deliveries of wheat." from July 2010 PRO.

High protein wheat will be very hard to find... in Canada... if this keeps up!

[Steve_Winkler]

Thanks for the response. Historically, haven't done much better than $6/bu. for wheat many years, Pro or PPO. Let's watch those futures keep on rising. Happy harvesting.

[Fransisco]

The average deduction for Mb is $1.45 a bushel. That comes to $5.88 for a FPC as of this past Friday. Not quite $6 but it's close.

[RedRiverMB]

If you locked in a BPC earlier you are over $6
Francisco, we then executed the price Friday. Our
freight is $1.30 to $1.34 in my area last year, there
might be a slight increase this year from what I'm told.

[Fransisco]

Ahh, makes sense.