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    #11
    Charliep

    You know you are missing the point right?

    Here is the problem. No grainco is converting to Canadian dollars.

    A zero basis and a straight across price from mpls with no foreign exchange is misleading.

    They are hiding the fx.

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      #12
      Charliep

      Good link.

      Pnw price is 8.81usd for dns. Or 10 cdn.

      Do you think Vancouver price is much different.?

      Comment


        #13
        Actually you are missing my point. I don't care what the basis they show on their websites is. I take the time to calculate the real basis and make my decisions based on my numbers.

        Mention of protein spreads. You can find the spreadsheet on the Montana Wheat and Barley Committee site. Protein spreads are very wide south of us. DNS 13 percent protein is 85 cents under (similar to a 2CWRS 12.5). DNS 14 protein is 85 cents over (2CWRS 13.5). DNS 15 protein USD $2.05 over.

        I would be binning high protein spring wheat in the current market. Would be selling lower (3CWRS) or lower protein (1/2 CWRS 12.5 protein or less. A lesson that will need to be learned early is wheat is not just one market. It is many markets. You need to find supply chain partners who will work with you to get the best value for what you have in the bin.

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          #14
          PNW and Vancouver prices should be similar.

          Comment


            #15
            One other comment is the extremely wide variation in grain company prices on any given day even within the same community. There is big difference between shit bids/sucker prices and prices that reflect actual business/need to attract grain. You really and truly do have to shop the market or develop a relationship where there is an open discussion about you have in the bin/an elevator representative that will work with you to get the best value.

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              #16
              Charliep

              So farmers pay to get their product elevated and freighted to the west coast. And they receive a non converted price off mpls.

              Your mantra is the market is always right. The basis has dropped from minus 2 bucks a bushel to zero. That should be an indicator the graincos want wheat.

              No one is taking delivery.

              You are right you are not missing anything because it's not your money disappearing into thin air

              Keep talking eventually you will get that board seat for defending the industry.

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                #17
                Marketing reps are calling about a zero basis. I tell them nope off mpls pricing it's a minus 75 cents a bushel.

                They argue for a awhile until I walk them thru the calculation.

                If they keep arguing I ask if they want to discuss Vancouver selling prices backed off to the prairies.

                They have another call to answer.

                Why do farmers put up with this shit?

                Comment


                  #18
                  Delivery is a different thing. The issue going and the learning is the need for better coordination. Matching logistics with sales at port. Still isn't happening. Railways spotting cars at locations with inventory that isn't matched with what is needed. The supply chain doesn't communicate very well. I guess your answer bucket is more regulation/government involvement. Not sure I agree.

                  Lots of discussion on the issues you raise. Know who your friends are. Know your partners you can cooperate with. Try not to put a knife in their backs. Not fun when your friends are more likely to stab you than your enemies.

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                    #19
                    Charlie

                    Boy your sure good at making excuses for a
                    for a disfunctional Canadian wheat market. It's very tiresome. Very easy to give advise when nothings at stake.

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                      #20
                      Government involvement is laughable at best. They couldn't issue fines even with an OIC and legislation.

                      As far as stabbing anyone in the back.

                      All I have done is presented facts.

                      If they want another farmer to take advantage of - fine. The graincos are the ones with the knives.

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