Minneapolis Cash and Mar. 02 Spring Wht.

[TOM4CWB]

CWB,

Is thalpenny so tied up he can't answer questions?

You are spending millions on P.R., why not spend a little to fix the obvious problems on the PPO contracts?


Please explain why a cash price with optional call option is not avaliable during the crop year when we actually know what grain we have to sell?

Shouldn't the CWB be the first to offer the best marketing services, not the last and at that only kicking and screaming every inch of the way to maximize our returns?

Why is the CWB refusing to offer cash pricing during the Crop Year when our grain is produced?

This option should be the lowest cost, most efficient, and least risky.

An option for cash pricing should therefore return the most to farmers shouldn't it?

[TOM4CWB]

To the CWB,

I am unsure about how the CWB hedges its risk on the flat pricing options.

For instance if I did a fixed price contract in March of 2001 for this crop year did the CWB go short against the futures to specifically cover the risk my fixed price contract created?

Now, assuming you did cover the risk, if I do not have the grain to deliver, and the futures has dropped, why if the CWB has profited from this futures position would you charge me to cancel this contract?

My understanding is that if I do just the basis contract, that because the PPO contracts are not to affect the pooling accounts, that the CWB will not sell the basis contract to anyone else but simply returns the PPO contracted grain to the pooling account grain and sells all the grain normally as if the PPO contract did not exist, therefore preventing any affect PPO contacts might have if they were sold outside the pooling system, is this correct?

Is it possible that at this point today in the 2001-02 crop year that the CWB has sold all our wheat and now has locked in the total pool price for 2001-02?

How does the CWB decide to sell what percentage of the pool, when?