Just making sure everyone is paying to the CWB pricing programs. A $40 over basis on CWRS is about as good as it has ever been.
Your spread risk is an unknown given you don't know what will happen with initial payments.
Some of you should be careful in asking for an initial payment increase if the CWB does $50/tonne on the lower grades/protein and $70/tonne on higher protein/grade.
[URL="http://www.cwb.ca/db/contracts/ppo/ppo_prices.nsf/fixed_price/2010_index.html"]fpc[/URL]
<a href="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/basis_cwrs_cwhws.pdf">graph</a>
Your spread risk is an unknown given you don't know what will happen with initial payments.
Some of you should be careful in asking for an initial payment increase if the CWB does $50/tonne on the lower grades/protein and $70/tonne on higher protein/grade.
[URL="http://www.cwb.ca/db/contracts/ppo/ppo_prices.nsf/fixed_price/2010_index.html"]fpc[/URL]
<a href="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/basis_cwrs_cwhws.pdf">graph</a>