The following are highlights.
Reviewed the financial statements in the annual report.
Presentation/discussion on the importance of government guarantees on borrowing. Need a capital base of $500 mln to $1 bln to replace. Discussion about where the money would come from.
Lots of frustration in the room about the lack of movement on wheat (feed wheat in particular) and impact on farmers cash flow. Frustration with the feed wheat discount on an FPC and the fact farmers can't lock in until delivery. CP way underperforming. New management/other issues. CWB with working with CP to resolve.
Good expression from the market outlook from a CWB trader (not presenter). "I DON'T WORRY ABOUT VOLATILITY. I WORRY ABOUT DOWN (lower prices)."
Ships got a lively discussion going with both sides presenting their case. Similar themes to the threads here.
A good day. Good debate but reasoned/well presented.
Reviewed the financial statements in the annual report.
Presentation/discussion on the importance of government guarantees on borrowing. Need a capital base of $500 mln to $1 bln to replace. Discussion about where the money would come from.
Lots of frustration in the room about the lack of movement on wheat (feed wheat in particular) and impact on farmers cash flow. Frustration with the feed wheat discount on an FPC and the fact farmers can't lock in until delivery. CP way underperforming. New management/other issues. CWB with working with CP to resolve.
Good expression from the market outlook from a CWB trader (not presenter). "I DON'T WORRY ABOUT VOLATILITY. I WORRY ABOUT DOWN (lower prices)."
Ships got a lively discussion going with both sides presenting their case. Similar themes to the threads here.
A good day. Good debate but reasoned/well presented.
Comment