Could the CWB have virtually No crop to sell in 2011 2012 crop year?

[fjlip]

As I said Rosco, in 2005, wheat sprouted a tiny bit, invisible but when falling number test was done, it was graded 64 lb 13% prot crap feed. I have no clue where, NET sent samples, to CGC, I assume.
Net must have paid, I never saw a cost. A lot of samples were done. Last and only time this came up for me. Just saying it could bite us some time too.
Any one see a falling number on this year's wheat? Any samples taken to US?

[timm]

cwb hrsw pool will beat farmlink marketing advice for
2010!! and probably 2009 as well!!

[btjadenlepp]

oh, them's fightin' words, tinm whoever
you are.

[btjadenlepp]

Tom, your comparison assumes the U.S.
elevator/delivery point can blend milling
wheat from Canada with U.S.-grown. They're
actually quite averse to that in practice,
due to regulations (country of origin
maybe?). Anyway that's been our experience
the past few years in trying to suss out
buy-back opportunities.

[timm]

so what % are u sold for 2010 hrsw?did u beat the
2009 pool ?the pool is beating all the hot shot
marketers in my area including myself!!

[charliep]

Perhaps the question back at you is what is the true cost of operating the risk management programs around the producer payment options? when the results of the 2009/10 contingency fund are
released, how much money was harvesting from this past crop year to prop up the fund.

Perhaps even more frustrating is the variability in CWB basis levels for their fixed price contracts. After 10 years, can you explain CWB basis or tell me what a good basis is?

[URL="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/basis_cwrs_cwhws.pdf"]CWB hisortical basis[/URL]

[charliep]

Basis charts.

2008/09 (December fpc) - started $30 under, rallied to $10 under and remained in The $15 to $20 under most of the period until
November 2008. Paid off the deficit in the contingency fund plus transfered $16 mln back to the overall pooling system (repayment of
previous years liability to the pool).

[URL="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/2008-09/2008-09fpcbpccharts.pdf"]2008 09[/URL]

2009/10 - Basis started at $15 under and then strengthened in a pretty linear fashion to $25 over. Results including the amount
transferred to the contingency fund not known until this winter when the annual report is published.

<a href="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/2009-10/2009-10fpcbpccharts.pdf">2009 10</a>

2010/11 - Basis started at $10 over and gradually strenghthened to $40 over (current levels not including adjustment). Accounting for
risk management money/cost/contingency not reported until February 2012.

<a href="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/2010-11/2010-11fpcbpccharts.pdf">2010 11</a>