CWB Historical Charts

[charliep]

CWB charts have been updated today. Worth looking at.

[URL="http://www.cwb.ca/public/en/farmers/producer/historical/"]CWB Charts[/URL]

[charliep]

More stuff to review - this time Australia information.

[URL="http://www.abare-brs.gov.au/publications/weekly-australian-climate-water-and-commodity-price-update"]ABARE weekly report[/URL]

[Ooofty]

Charlie, How do you feel about locking in some HRSW on a FPC? I can't decide when to pull the trigger!!!

[charliep]

I would do some head scratching and likely pull the trigger on some. Would
put in the context of confidence in your crop quality if 2010 crop - how far
from harvest and hopefully low probability of feed wheat or low protein
3CWRS.

At $281/tonne port ($7.66/bu) today, you are close to $6.25/bu Alta and
$6/bu Sask. Not as high as the early August spike but still top end of the
trading range. Can wheat go higher? Maybe but a good opportunity to
capture a decient price for the first B train or two and perhaps take some
pressure off your marketing your other crops in the fall to generate cash
flow/pay bills.

What are others thoughts? Pull the trigger or wait?

[charliep]

To help with discussion, I will throw up the December MGEX (hard red spring) wheat contract. Note the range has been $7 to $7.40/bu. Loonie stuck around 95 cents. CWB basis - help.

[URL="http://farms.com/FarmsPages/Markets/tabid/214/Default.aspx?&page=chart&sym=MWZ10"]Dec MGEX Futures[/URL]