Initial Price increace

[ProFarmer]

Has anybody talked to the board ,and have there been any talk of a increase to the initial. We are well do for one... The have the fix price held down so low a guy has no option but stay with the pro...

[ProFarmer]

Hey the big bad grain companys are paying 8.52 a bushel US for wheat 2 miles south of the boarder. Why are we still standing back and taking 1/2 price... This is totally bullshit...Are we stupid are we so gunshy that we have to wait till aug 1 2012 to start selling into this market. I am trying to buy fert for next years crop with income from a crop i grew in 2011 and paid for imputs in 2010. The CWB thought nothing of laying down money ahead to buy ships that won't even been delivered for 2 years yet but steal our wheat and take 2 years to pay for it. Somthing is rotten out there...

[silverback]

Well put.

We are still wondering if they are just going to take the next 7 months off and not worry about the grain that was not offered on the A series?

If they don't want it I guess it sits until August?

Better phone the bankers.

[bucket]

The pro cwb supporters will blame the government for delaying the payments but the cwb and the former board hadn't even put a request forward.

The cwb was in the practice of announcing when they put a request forward and to date there has been no talk of it.

I have heard the cwb will let you out of A series durum contracts. That is an indication they have screwed the durum marketing - again. Be lucky to get an increase in durum.

Also consider they are 100% accepted and 75% called before christmas. They should have hit some good prices for durum but can't put forward an increase.That indicates they had some long term low price contracts to fill to algeria, and they always forget to mention that in their marketing updates.

[hedgehog]

can you start trucking the stuff to the states now? they could hardly prosecute you now.

[newguy]

Think the math will prove the CWB is single desk buying. Sold lots of this years crop before the price went up and are waiting till the price goes down to sell the rest.

[hedgehog]

i like your humour!

[bucket]

Newguy

But the cwb never said they had any sold
back in may and June. So it makes a
person wonder how they ****ed up this
years pricing.

[riders2010]

Why aren't the guys close to the border trucking across now? Afraid the minister will put them in jail? think he would? interesting what are your thoughts?

[Burbert]

Wheatie bored is on holidays. These is
gobermont people who need there daze off.
Nuttin, nuttin is currently happenin,
except the biscuit gag minister is layin
low, under the radar, playn it cool, can't
be found, coz hes hidin er as politicos
put it, spending time wit his
family........

[bucket]

Burbert

The wheatie bored has been on holidays for a few years now.

How can durum prices be going down when the cwb has durum 75% called and 100% accepted. They have sold it in a time of high prices with very little downside, right?

So why are durum prices in Canada for durum on the current year going down?

They had none sold prior to spring planting according to their market updates, the price rose with the problems in North Dakota, the cwb picked up those sales at high prices and yet western farmers are at a 4 buck initial payment and no interim.

And none of this concerns you about the cwb????

Please explain.

[Jagfarms]

I heard it could be up to $45/bu payment on
Durum.

[Jagfarms]

up to $45/tonne payment for Durum possible.

[bucket]

At a call level of 75% and 100% accepted we should have over 70% of our money by now. 45 bucks a tonne barely gets the payment to equal off-board and that should have been the minimum starting price.

Oh well, it almost over to having to finance other countries grain purchases on the back of western canadian farms.

[charliep]

The $45/tonne increase in durum initial payment would bring the payment to $263/tonne or about 75 % of the December PRO. Would make sense. Spring wheat increase in initial payment would be in the $10 to $15/tonne range to bring to the 75 % of the December PRO with the caveat spring wheat prices have been continuously dropping. Pricing pace as indicated by the CWB hasn't been updated recently although the target is to be 50 % priced by the end of December.