CWRS

[AdamSmith]

This is a passage from the AgResource Daily Wheat Anaylsis Thurs. Sept.5.

"The CWB has been rumored to be large buyers of wheat futures in recent days covering long held short positions."

(This came off a fax copy so I couldn't cut and paste)

AgResource is a highly reputable grain market advisory service out of the United States. The real Wayne Gretzky of marketing.

[parsley]

Sohow much would they be losing when they're buying? $1.00-$1.50/bushel?

Parsley

[AdamSmith]

Anything more than a week would be more than $.70 USD.

anything more than one month would be over a dollar US per bushel.

if these hedges were put on any time before June 27 were looking at $1.50/bu plus.

$.7 US = $1.10 Cdn, $1.5 US =$2.3 Cdn