CWB OUTPERFORMS WITH 8.50 FLEXPRO

[timm]

8.41 flex pro with trucking premium 10$mt.Sun
Prairie Grain 7.73 13.5 pro.No trucking
premiums offered from what I understand.FPC
7.82 with 45 ded. New crop 7.68 with flat basis
on a Basis contract.......SPG 6.99 13.5 protein

[silverback]

So today after I eat a big roasted, supply managed bird ( which smells good ), I want to go upstairs for a minute and book some hard red wheat sales for delivery (yes -DELIVERY AND SALE - THAT DAY !) to the cwb in December 2011.

What would my net dollars per bushel on December 15, 2011 be for that wheat?

[malleefarmer]

today silverback here in Australia the reply to your question would be $307 port,$292 my local elevator or $281 on farm price. Doesnt help i know but that what it is here in Aust dollars.

Think you would like similar options.

[timm]

You have from Feb 28-Nov 25 to lock
In a basis...as much upside as downside....surely
u can handle that much risk!

[Fransisco]

Grassfarmer, "Nonsense - beef is traded in a "free market" system"

Please explain to us how COOL- Country of Origin Labeling fits in with free markets.

[Fransisco]

timm sun prairie grain is offering $8.33/bu USD american for 13.5% protein(on the canadian protein scale)spring wheat.

http://www.sunprairiegrain.com/markets.php

[grassfarmer]

COOL has a very minor effect in the grand scheme of things Franny - how about answering the other points in my reply which are the significant ones?

[TOM4CWB]

timm,

So the US marketers will ship 34mmt of high grade milling wheat;

And the CWB will be fortunate to sell;

1/10th of this total?

And we are not getting even close to as much value as the port sales prices of the US marketers!

NO premium... even when the CWB has a shortage of high grade milling wheat to supply the most high grade premium value markets!

When we had 8-10mmt for the CWB to market... that was much too much for a premium... too much dilution.

Now we only have only about 3mmt... the premium milling markets still will NOT pay a premium price>

WHAT happened timm?


Background:

"Commercial Sales - December 23, 2010

According to the U.S. Department of Agriculture's weekly Export Sales Report, total known outstanding sales and accumulated exports of all classes of wheat for the 2010/11 marketing year, through December 16, 2010, were 25.222 million metric tons (MMT), 62 percent greater than last year's year-to-date total of 15.589 MMT...
USDA forecasts 2010/11 U.S. wheat exports (including donations) to reach 34.02 MMT. Commitments to date (of wheat and wheat products) are 74 percent of total projected exports, down from the five-year average of 79 percent of exports committed by this date."

[silverback]

I am not interested in locking in a frickin basis timm. I want to know right now how much my wheat will be worth on that 1 day in December when I deliver all of my contract.

Who are you to decide how much risk I can handle?

And quit calling me surely.

[mustardman]

The Big Differemce comparing cattle to grain market is that the cattle has Monopoly Buyers versus the CWB is a monopoly seller

[parsley]

Surley, Christmas Grinch has not stolen your sense of humor.
LOL Pars

[FarmRanger]

<i>The Big Differemce comparing cattle to grain
market is that the cattle has Monopoly Buyers
versus the CWB is a monopoly seller</i>

As the CWB is only one of many sellers in the
world market, I think what you meant to say that
would actually reflect reality is:

<i>The Big Differemce comparing cattle to grain
market is that the cattle has<b>very few</b>
Buyers versus the CWB is <b>the ONLY buyer
for just the farmers in the designated area of
western Canada.</b> </i>

[Fransisco]

Farmranger has nailed it.

[Fransisco]

And any livestock producer who thinks COOL doesn't have an effect doesn't know what he's talking about. Next you'll be telling us that closing the border because of BSE was really nothing.

[wd9]

Hope the CWB and all its customers enjoy my xmas present to them this year. It truly is better to give then receive.