Dear Charlie,
I was talking to a grain marketer today and we were discussing the structure of the Canola market!
If China thinks the price is too high... they don't buy. Japan buys Canola when they need it... when the demand increases... our futures rise and the basis narrows. The way a transparent market that is efficeint should work.
CWB's VP Gord Flatten has a total different CWB 'single desk' view of the world. It is NOT a commercial view. VP Gord and the CWB already knows what folks will pay... and pre-approves the discounts before they even ask. The CWB sets the rules... with growers money.
Have a look!
CWB VP of sales Gord tells us how to price discount... starting at 1 minute into the Camrose Aug 16 CWB meeting Video, Part 3 in our series!
I was talking to a grain marketer today and we were discussing the structure of the Canola market!
If China thinks the price is too high... they don't buy. Japan buys Canola when they need it... when the demand increases... our futures rise and the basis narrows. The way a transparent market that is efficeint should work.
CWB's VP Gord Flatten has a total different CWB 'single desk' view of the world. It is NOT a commercial view. VP Gord and the CWB already knows what folks will pay... and pre-approves the discounts before they even ask. The CWB sets the rules... with growers money.
Have a look!
CWB VP of sales Gord tells us how to price discount... starting at 1 minute into the Camrose Aug 16 CWB meeting Video, Part 3 in our series!
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