Wht & Durum prices, Bottineau and Berthold

[boarderbloke]

cash bids for old crop with positive basis;


http://www.bertholdfarmers.com/index.cfm?show=11&mid=26&theLocation=1&cmid=4&layo ut=19


http://www.bottineaufarmers.com/

[ajl]

Makes you wonder what the American farmers
do with all the money. If we got those
prices we would have to pay tax. Maybe
when the wheat board is gone.

[furrowtickler]

lol, goes to show how we are getting pouched!!!!

[highwayman]

And when you look to such crops as peas and canola, our prices here are higher then the US. Could it be that those commodities have been allowed to flourish under the open market system as opposed to being suffocated by a single desk.

[wmoebis]

Does the States not have open market on peas and canola?

Why aren't thier producers up here selling into our markets?

Just trying to get a handle on how this open market works.

[gustgd]

Are those prices per hundred weight?
The $26.48 seems to good to be true.

[ajl]

I am fairly certain that US canola is
priced per hundredweight. When I was
hauling canola to canbra foods there was
American canola coming in at that time.
If you see those funny A train rigs
around, It is usually American grain.
Also the receiving sheet showed those
loads originating from Cenex/Harvest
states.

[charliep]

26.5 cents/lb convests to about US $13.50/bu or Cdn $12.75/bu. Seems strange to have a higher US dollar price but the new world.

[boarderbloke]

Many peas have been coming from the USA into southern processers. The price and exchange favors them now.

Canola, most always, is priced per hunderd weight.

[boarderbloke]

you just divide the cents per lb price in half to get the value in dollars.

26.5 cents/100 = 13.25/bus