New HRS

[agstar77]

14% #1 low fus. For those of you whining abouy blending your wonderful wheat.

[Hopperbin]

Your welcome, can at least get kiss?

[BTOfarmallll]

Variety??? Yielded what??? Other Varities yous Grow this Year????

[RD414]

congrats agstar, how was the yield and what was your seeding date, if you could get 'YOUR WHEAT' into the states it's about 10.50 just across the line

[chuckChuck]

Get ready for a closed border once the CWB is gone. Americans are already getting concerned about Canadian trucks lining up at US elevators to take advantage of market opportunities that exist in the US supply chain. They consume a much larger share of both wheat and durum domestically. Canadian farmers have to export a much higher proportion. Higher domestic consumption levels in the US pay better because of transportation savings over export markets. 30 million vs 300 million consumers.

You will need to be registered with the FDA as an importer. Because you might be a terrorist. Trying to find a Canadian truck who will cross the border under all the new rules is always fun. US border guards don't seem to have much he haw in them these days.

[highwayman]

Chuckchuck, ever heard the term "arbitrage". What makes you believe that the price wont be the same on both sides of the border once the cwb shackles are removed. Those bids will come to us, not the other way around. Don't believe me? Take a look at canola, peas, lentils, oats, flax, etc. The list goes on and on. In a few years time, it is my guess that you will see American grain moving north through the Canadian system because of better handling efficiencies. Kind of like we do right now with Canola, peas, lentils and chickpeas coming up from North Dakota.

[checking]

Really.

I suspect you don't cross the border very often to make the observation about the friendliness of US border guards. This is the same propaganda "store high in transit" spread by your kind that Minot blames Canadians for flooding their city, and oh, scary!, you'll get your tires slashed in their parking lots.

Who says that Canadian trucks will be needed to deliver Canadian grain to a US elevator? I fully expect that the world price will be the world price at every Canadian located delivery point come August 2012.

Oh look!, your shadow is gaining on you.

[agstar77]

Yeah, it will be the world price minus a hefty cut for your friendly neighborhood Multi. That will be real arbitrage.

[Fransisco]

Which will be a lot better than the CWB taking its cut, after the multi's take theirs.

[SASKFARMER3]

Rah rah, yea no shit the CWB takes their cut
then cut for screw ups, then cut for bonuses even
if they are the ones that screwed up. Minus the
grain companies, pennies to the farmer, just
priceless.

[chuckChuck]

If arbitrage is so efficient and effective why are there different prices in different elevators/markets for the same grade on the same day in many special crops and non board crops? If you check the US system they also show variation that is not accounted for by location. Where is the arbitrage?

[chuckChuck]

Checking. Have you not heard that many industries are concerned about the holdups at US borders because of increased paperwork and security compliance issues? Do much importing and exporting? Apparently not.

[chuckChuck]

How is arbitrage working when Fridays closing bids from SE Montana ranged from $8.52 - 9.51 for 14% DNS? Does arbitrage not exist in SE Montana? If it arbitrage doesn't work in SE Montana do you think there might be times when it doesn't exist between Canada and the US?


US 1 Dark Northern Spring Wheat
13 pct 14 pct 15 pct
Billings Area 7.73-7.88 8.53-8.68 9.13-9.28
Golden Triangle 7.24-7.91 8.44-8.71 8.99-9.11
Great Falls Area 7.75-8.33 8.47-9.15 8.67-10.35
Northcentral Mt 7.86-7.98 8.66-8.78 9.26-9.38
Northeast Mt 7.00-7.33 8.20-8.53 9.20-9.53
Southeast Mt 7.12-7.31 7.92-8.51 8.52-9.51
Southwest Mt na na na

[Fransisco]

All while the CWB's fixed price contract for spring wheat at Fridays close sits at $6.98. A buck fifty to two bucks below what you've posted. And you think that's all perfectly normal? Wow! Talk about naive.

[Jfreedom]

Hey Chuck check non board prices in Canada
there not all the same on any given day either.
I'm starting to think you are over the top naive or
not really involved in an actual farm or you would
know this . I don't intend on crossing the border
once to get the same or better price for my grain
the posted US price is as close to world price as
you can see and the beauty will be that it is all
transparent in an open market .