short selling

[hedgehog]

was the cwb not the king of short sellers?
selling wheat before it was cut at a low price knowing they could buy it cheaper anyway?

[hobbyfrmr]

I really just want to put the CWB behind us, like a
horrible nightmare or traumatic experience a
person tries to forget.

[hobbyfrmr]

I really just want to put the CWB behind us, like a
horrible nightmare or traumatic experience a
person tries to forget.

[charliep]

I will leave the comments to others but you need to understand the CWB single desk in terms of their pricing pace policy. They marketed grain over an 18 month period in a planned manner. Not sure on your definition of short selling but the CWB likely would have sold about 10 to 15 % of expected 2012 production by this time of the year. Not much different than a farmer would.

The challenge in the new world is how they run a pricing pool without security of supplies. I note they have divided their pools into 2 periods. Pre-harvest pool and post harvest. Suspect the pools will have to get even shorter. Don't know how they will run a pricing pace system. Will be interesting.

Just trying to be a mechanic and not say whether good or bad.