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There is no CWB premiums. Can you not get that through your head. The only premiuns is the private market,small nic markets the CWB ignore. Malt barley in North Dakota was 7 dollars in your pocket last monday when I was down there. Wheat was 8.50 in your pocket....
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one older guy was laughing the other day. he doesn't farm any more so doesn't have a dog in the hunt. he recalled how the end of the crow would mean higher grain prices but prices dropped. his comment was that prices probably won't go up with the end of the cwb and if the american ethanol mandate is abandoned it could take $5 a bushel off grain prices. i think $5 is maybe a bit much. it would be a kick in the pants and it would definitely be a buyers' market.
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http://www.theglobeandmail.com/report-on-business/economy/a-venerable-grain-operator-bids-wheat-board-adieu/article2178594/
now why would he say paterson grain's best days were before the cwb and he looks for that situation to reassert itself? i think the cwb should go but it's going to be a whole different paradigm to market grain and it isn't just going to mean prices have to go higher. i think mayo schmidt is probably thinking he'll take the premium, thanks and his 'competitors'will play along.
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