Dear Charlie,
THe pooling of the spreads and basis between grades is MOST annoying.
How any true market signal actually gets through the goofy CWB PPO system seems to by coincidence.
Truly a shame we have not resovled this problem after over 10 years of CWB PPO pricing.
It seems this is mot likely not an accident... but by design so transparency is prevented on sales.
Or NOT?
How the CWB swings the CWRS basis $20/t in the last half of May 2011... is beyond explanation... as I truly doubt they were selling enough 2011-12 milling wheat to know what to charge grain growers.
Perhaps someone can explain what the CWB is actually doing... besides pooling our PPO cash prices?
THe pooling of the spreads and basis between grades is MOST annoying.
How any true market signal actually gets through the goofy CWB PPO system seems to by coincidence.
Truly a shame we have not resovled this problem after over 10 years of CWB PPO pricing.
It seems this is mot likely not an accident... but by design so transparency is prevented on sales.
Or NOT?
How the CWB swings the CWRS basis $20/t in the last half of May 2011... is beyond explanation... as I truly doubt they were selling enough 2011-12 milling wheat to know what to charge grain growers.
Perhaps someone can explain what the CWB is actually doing... besides pooling our PPO cash prices?
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