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Canadian Wheat comments in our rural press

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    Canadian Wheat comments in our rural press

    Business as usual in Canada
    GREGOR HEARD
    20 Aug, 2012 03:30 AM
    CANADIAN growers, used to dealing on the
    open market with their oilseed and pulse
    crops, will have little trouble adapting
    to deregulation in their wheat industry
    according to a Canadian-based grain
    marketing consultant.
    Greg Kostal, who is based in Winnipeg,
    predicts the open Canadian wheat market
    will see more grain exported out of the
    west coast, and head to Asia, than under
    the former Canadian Wheat Board (CWB).

    He also flagged an increase in wheat
    acres.

    “The pool diluted people’s tendencies to
    plant wheat.

    “It’s a necessary part of the rotation
    in the northern prairies, but overall
    wheat and barley acreages have been
    falling, as growers favour canola in
    particular, but also pulses, where there
    have been superior genetic gains in
    terms of yield.”

    In terms of exporting, he said more
    grain would head to Asia via the west
    coast.

    “I think exporters will try and maximise
    use of ports at Vancouver and Prince
    Rupert on the west coast.”

    Mr Kostal said the amount of grain
    exported out of Canada could increase.

    “At present, about 30 million tonnes of
    grain out of around 50-60 million tonnes
    produced are exported.

    “In wheat that is 19 million tonnes of
    27 million tonnes produced that is
    exported, I think these figures will
    increase under deregulation.”

    He said he thought there would be a
    trend towards buyers looking towards
    definite milling traits, rather than the
    focus on the quality wheats that CWB
    had.

    “Canadian Western Red Spring (CWRS)
    wheat is nice to have, but the world
    doesn’t need it all at a premium to
    everything else, so there will be more
    mid-quality wheat.”

    He said there may be some wheat planted
    at the expense of malt barley, which he
    said in Canada was becoming almost a
    niche crop, displaced by high yielding
    feed varieties and mid quality wheat.

    “There will probably be less of a spread
    for protein, in line with world demand,
    rather than the heavy focus on high
    protein wheat CWB had.”

    In terms of wheat marketing on the
    global scale he did not foresee the open
    market would change much in terms of the
    way the global wheat trade operated.

    “The open market doesn’t really skew
    either our production potential, or how
    the world trade will operate, as we were
    seldom leaders on the world market
    anyway.”

    #2
    Our grain marketing consultants all have crystal balls. They're all trying to assure farmers that all is well...just be patient and everything will be fine. That is what they get paid for...par for the course.

    Comment


      #3
      Chrystal balls?? Grain brokers are more
      likely full of sh*t me thinks. Butt there
      is nothing like suckin up ta the powers
      that be, tellin everyone everything is
      good and as fine as it kin get. I don't
      think grain brokers have chrystal balls!!

      Comment


        #4
        There you go, we've been hearing that the sky will
        fall. Look up you CWB fools the sky is still up
        there and it's looking pretty good from my
        perspective.

        Comment


          #5
          Personally i thinks if to get a high protein premium for the hard red is to bin it and market it from there. Still debating to plant the hard red that the CWB was controling sales of.
          May get into malt big time next year also. Anything that gets the middle ass hole out of there gotta be a good thing.

          Comment


            #6
            For Burbert and Wilagro,

            What changed on August 1.

            From a business and overall marketing sense, nothing
            has changed. Same customers. Same grain handling
            system. Same accredited exporters. Same futures
            markets. All the things that were there under single
            desk including quality premiums and discounts.

            What has changed is the black box around price
            pooling has been removed and farmers can make
            decisions based on real price signals. Farmers can
            now make decisions about how to price their crop
            including things like relative basis levels and quality
            premiums/discounts (protein).

            I am enjoying the new world with a highlight that
            nothing has really happened yet. Limited new crop
            sales by the whole supply chain. Not new in the the
            old version CWB rarely was an aggressive seller ahead
            of new crop availability with late summer/early fall
            covered by old crop wheat in storage that you had
            carried interest and storage free for 10 months plus.

            Comment


              #7
              Mallee farmer
              How's the crops doing over there in Australia ?
              When do you guys start harvesting wheat , and canola ?

              Comment

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