Left-wing radicals/ Stewart Wells & CWB

[Fransisco]

Could you explain the question? What are you getting at?

[cchurch]

If we had an open market for wheat do you think we would still get deductions for rail freight?

Would the grain companies ship our grain for free?

[Fransisco]

What I think is that our cash prices, or the prices that we would get, would would very similar to that of the Northern tier States, in an open market.

[Fransisco]

There is no logical reason why they wouldn't be.

[Fransisco]

It is also quite clear to me that under the current closed market environment we get lower prices than are available in the open market. Be it spot price comparisons or yearly averages the open market beats the CWB hands down.

[bucket]

cchurch

Jesus christ, you are thick!!!!!

Fran just gave you net price comparisons and you still can't get it.

Canola in the states or canada are within pennies per bushel every day.

If you are that stupid maybe you shouldn't be farming.

[Fransisco]

"Canola in the states or canada are within pennies per bushel every day."

And there's no reason, other than the CWB, why it should be any different for wheat.

[cchurch]

Seeing as how the CWB isn't undercutting anyone in the US market I can see why the elevator prices are higher, but how do you know for sure that maybe that elevator is in need of grain and is paying a premium for it?

Also what are the discounts for protein levels or grade? I am sure there are deductions for this off the "cash price."

For Canola, they just set the price based off the U.S. soybean price.

Your so called open market for Canola is costing you money hence the price equalization.

[furrowtickler]

My canola, and many others, is going to put 3x more net money in my pocket than HRSW again - as always. These guys just did a direct comparison pit to pit pricing and you stray off like every other borg supporter when facts are in your face. South Texas??? WTF has that to do with our wht market? That is like saying a donkey got traded for $100 bucks But your cow got $500 so be happy - When everyone else is getting $750 for their cows.

[Fransisco]

cchurch said, "how do you know for sure that maybe that elevator is in need of grain and is paying a premium for it?"

I assume you're talking about this friday's price at Berthold. Well then let's compare it to the MGEX/DTN average price to see.

http://www.mgex.com/history/historical_new.cfm

For this past friday September 10,2010 the average cash price of the 362 elevators surveyed for hard red spring came in at $6.83 USD factor in the .96 dollar and that works out to $7.11 canadian for what would be the equivalent of our 13.5% protein spring wheat. Being that this is an "average" that means some elevators were offering more and some were offering less. So no it doesn't really look like they were offering much of if any premium. And so what if they were, that would in no way invalidate the price.

cchurch said, "Seeing as how the CWB isn't undercutting anyone in the US market..."

And you know this how?

cchurch said,"...I can see why the elevator prices are higher"

So then if the CWB were undercutting US players our prices would be the same? Is that what you're saying?

church said, "Also what are the discounts for protein levels or grade"

I'm glad you brought that up, it is well known that US elevators are far more forgiving on these things than the CWB. It is one more way the board is costing us money. The farmers in the US also are allowed access to higher yielding varieties than we are.

cchurch said, "Your so called open market for Canola is costing you money hence the price equalization"

When you say "so called open market for canola" are you saying that it's not an open market? It sure as heck looks and behaves like an open market. Please explain then how it's not.