CWB OUTPERFORMS WITH 8.50 FLEXPRO

[TOM4CWB]

Glassyeyedfarmer,

Interesting how you say that you get premium prices for your beef... while other beef growers get less?

Shouldn't you owe beef the 'pool' (the other poor folks) the difference since it costs you less to grow than them?

Aren't you cherrypicking and under cutting your neighbours Grassfarmer?

[grassfarmer]

"There is also unfortunately even more political interference in livestock trade and the packing industry than there is in grain." - Francisco.

Nonsense - beef is traded in a "free market" system the kind you grain folks are demanding whereas you are always telling us grain trading is all about the politics. Lots of interference by Government in the CWB issue too isn't there? Truth is what holds back the Canadian live cattle trade is the competition eliminating domination of two or three transnational corporations - the same thing that will always screw up your dreams of an open, profitable, free marketplace for grain. The players are even the same as 1935 so I don't know how you can't see it.

Do the commenting beef guys not know there already is a successfully operating model of a fed cattle marketing board in Alberta? Care to comment on how well it has worked?

[highwayman]

Try this word on for size Grassy, CANOLA! Should we not look at this amazing success story to lead us in our quest for freedom to market all our own commodities? Or do you really beleive all open market grains should mirror the livestock industry in North America?

[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.