durum

[highwayman]

With regards to the CWB act being changed with an OIC, not clear how that would have served us any better then what we have now other then the ideology of the board at the time would have always been the 10000 pound elephant in the room. We currently have access to price pooling if we choose to use it and as I understand it is still popular with some. My experiences dealing with the new CWB has shown me that they are surprisingly more open minded regarding grain transactions then they ever were before. Having unobstructed grain sales to foreign or domestic buyers with a simple OIC under the old CWB regime would have been a fantasy. Having said that, I would prefer to look to the future rather than dwell on the past.

[bucket]

I think CN said something to the effect that Graincos were not ordering cars.

That's the out they need to move resources.

Sadly TOM told ritz everything was normal. So Ritz in his infinite wisdom lifted the order prior to the heavy shipping of wheat. Durum is only 3 mmt, wheat is close to 10 times that and now the railways and graincos can do exactly the same thing as last year.

Remember Ritz said everything was fine last year at this time knowing the railways were 15000 cars behind in September 13.

[D.Advocate]

Where/when did you see that price on #5 ?

[charliep]

For anyone who get Mike Jubinville (ProFarmer Canada) or Greg Kostal's newletter, there is a good breakdown of recent durum business (3CWAD) to North Africa. CIF prices (delivered to buyers port) are USD $545 for nearby and USD $585 for early 2015. They do the ocean freight calculation and the back off from the St. Lawrence to turn into a western Canada price. North Africa is the largest market for durum and where the mid grades find a home.

[bucket]

That's close to 18 bucks cdn.

Minus a buck for ocean freight and a 1.50 st lawrence to prairies.

15.50 cdn for 3cwad.

Still a big spread from current offers.

But what happened to those that said if you want world prices get it there. Seems like we are more than getting it there.

You could truck it to Quebec and be money ahead. Idiotic.