WTF?????????

[LWeber]

- Private exporters reported the sale of 275,000 tonnes of U.S. hard red spring wheat to Canada said the Agriculture Department on Thursday.
All of the sales were for delivery during the 2010/11 marketing year. It opened on June 1 for wheat and will open on Sept 1 for corn and soybeans.
USDA said the wheat to Canada was sold "during the current reporting period." By law, exporters are required to report promptly the sale of 100,000 tonnes or more of a commodity to one destination in a day. USDA said exporters also must report sales of 200,000 tonnes or more in one reporting period to the same destination.

[agstar77]

But where is it going? Who bought it?

[mcfarms]

would it be lower protein wheat for blending somewhere, I know alot of our wheat here went south to the PNW to blend with US wheat outbound from there.

[TOM4CWB]

You can't be serious Larry?

The US is producing 16mmt of Hard Red Spring, 3mmt of Durum, and 41.5mmt of winter wheat.

The CWB is simply the worlds 'residual' supplier of wheat and barley.

Japan puts up with us... China has a 'special' relationship... and Pacific Rim countries can charm the CWB into being low cost bidders.

The US makes the market come to them. Western Canadian growers are still supplying the buffer/residual supply.

Anyone who imagines the CWB can 'extract' any premium from any buyer... without earning every last cent through service or risk premiums that are paid by growers in the 'designated area'... should take another long look at the CWB's performance in 2008,09&10.

The CWB has not come close to matching the US marketing systems performance or value added properties to the growers they service.

[Zaphod]

It was re-export through the Great Lakes. Don't know why it had to be recorded as an import. Unless the CWB had to buy US spring wheat to meet a customer's needs. Hmm.

[dalek]

Not sure about that deal, but as far as I know the Kellogg's plant here still buys most of their wheat from Michigan. Not sure what type of wheats they use either.