Positive Wheat Basis

[charliep]

For what it is worth, the Great Falls price for a DNS (spring wheat) 13 protein is USD $4.80/bu or Cdn $5.40 ish. Your discount from a 14 protein (similar to our 13.5) to 13 protein (similar to our 12.5) is USD $1.60/bu.

I will put the most recent CGC quality data up from their harvest survey.

[URL="http://www.grainscanada.gc.ca/wheat-ble/harvest-recolte/2014/sqd-dqs-2014-en.htm"]CGC[/URL]

[Guest]

here is an actual quote from a local big box elevator on daily propoganda text on prices : "we are full on oats until march BUT got 1000 tonnes for $2.77 for dec ". kinda makes you feel like you have an idiot sticker on your forehead when you read something like this ! just like they were all bought up with wheat and canola until next summer , doesnt appear that way now with positve basis , lol

[sumdumguy]

Maybe when a few more ships pull into Vancouver and the demurage starts adding up, the basis will be even more positive. Let's hope.

[bucket]

They could start by quit insulting our intelligence about fx.

[Klause]

And you can get north of 6 bucks here in central sask for winter del

13.5% #2

[Braveheart]

Klause, same in southern MB. Targets have been hit at $6.40. Basis for one grain co is $25/mt over Dec. Mpls.

[Braveheart]

That bid is for 2 CWRS 13.5%.

[bucket]

You guys realize wheat gets sold off the west coast for 10 dollars a bushel and you pay the freight to get it there?

The graincos can move alot more before the are even close to losing money.

[Braveheart]

Bottineau Farmers Elevator in ND was $0.70 under Dec Mpls the other day. The positive basis would make us higher than ND now for 13.5 px.

[Klause]

Bucket you can go get your 10 bucks then clean it ship to port load on a vessel ya da ya da. If you have never looked into the costs of all this its hard to figure.


If we are above 6.50 right now our system is being efficient and everyone is fair with no gouging going on.

[bucket]

Klause

I think those charges are called elevation and cleaning.

Oh wait they don't clean grain they add deer shit to the boats. Short memory you have. Most contracts have an allowance for dockage up to 8 percent.

You have to be kidding you think 6.50 doesn't leave a buck fifty in the grainco pockets.

[bucket]

Klause

I think those charges are called elevation and cleaning.

Oh wait they don't clean grain they add deer shit to the boats. Short memory you have. Most contracts have an allowance for dockage up to 8 percent.

You have to be kidding you think 6.50 doesn't leave a buck fifty in the grainco pockets.