Corn

[cottonpicken]

I have got a definate sell on corn at this point in time.

My question is should there not be a direct
relationship between corn and feed barley?And is
barley not severly underpriced?

[parsley]

Yes
Yes

An in-Canada explantion could be, that the CWB set up parallel exports barley pooling accounts. One is legitimate and the hidden one is not.

Sales do not differentiate from the two, so proceeds are halved and one of the pooling accounts pays out poor returns to farmers. The other account "feeds" the entrenched inventive.

Not an unusual arrangement in a culture of secrecy, servicing the blind. Parsley

[charliep]

could be right on corn but would be a nervous short. I would have stops
in place.

Yes to both your questions on barley.

Current CWB payment/price signals and domestic prices have been below
interntational feed wheat and barley prices by $20 to $40/tonne most of
the winter. The CWB will argue there isn't capacity at port right now for
extra sales with the earliest business could be done May.

Domestic feeders have been reasonably well supplied to date given a
large crop in Alberta and lots of feed wheat and reduced livestock
numbers. These same operations remain pretty much short going into
the spring (likely only a month coverage) and I suspect when they start
extending their coverage over the next few months. I am not as bearish
on feedgrain prices as you are and I would predict a bigger CWB feed
wheat and barley programs (cover South Korea and some Saudi business
respectively). I expect western Canadian feed grain prices to increase
during the summer reflecting all the above and reduce the current spread
somewhat.

Others thoughts?

[BTOfarmall]

WHAT happened to $24 Beans???????????????

[TOM4CWB]

GTO,

$24 beans...

They are all in your bins and on your hard drive!

[TOM4CWB]

Charlie,

I love the $290/t port price for feed wheat (PDS);3CWRS being worth $368/t and 1-12.5px Durum @ $402/t.

June 1DNS_14 is $511/t PNW port.

"Durum: a range of prices are available depending upon various quality attributes.
Offers from the Lakes range from $10.88 to $11.43/bu ($400 to $420/MT) in April. Offers from Gulf ports currently range from $11.97 to $12.52/bu ($440 to $460/MT)."[US Wheat]

We are so getting it... and now we must not only buy the fuel for the lakers... but now also the lakers themselves.

If western CWB 'designated area' grain growers do not get it now... they never will.

[cottonpicken]

24 beans is in the bag.