HRSW pricing. ??

[Oliver88]

P&H
12 cent difference between #1 and #2
20 cent deduction for .5% of protein.
A few days ago was $6.00 for #2, 13.0 or $6.20 for #2, 13.5.

Believe it has gone down about 10 cents.

[bucket]

Braveheart

The basis has changed from a minus 85 to a plus 20 per metric tonne which should indicate the graincos want to move wheat.

They don't and are not going to move wheat until weather gets shitty and then pull the same shit as last year.

By ritz rescinding the OIC they got the green light to **** farmers over again.

[Braveheart]

The WGEA is calling for the OIC to remain. Grain cos obviously don't trust the railways to not return to "Hunter Harrisonism".

[bucket]

But ritz's advisors the wcwga have told ritz to rescind the order.

And return to a market driven System that moves grain from Alberta and manitoba first.

The railways are not market driven. Unless you think by downloading millions of tonnes of freight to the public highway market driven.

Rutter said to wait until there is a hint of trouble. What would you call short lines being 1000s of cars late? Or deliveries months behind at some points?

I guess waiting until January makes more sense. And doing SFA until April.

[charliep]

[URL="http://wbc.agr.mt.gov/wbc/Producers/Pricing.html"]Montana wheat prices[/URL]

[Oliver88]

CWB annual pool for #1, 13.5 is about $7.70.

Your handling fees will have to be deducted off there which will vary by location and company.

[foragefarmer]

Charlie

So how do those prices help the majority of Canadian farmers? What good does your link serve for Sk and Mb farmers?

Those price are in the USA why not Western Canada?

[charliep]

I posted to highlight that wildly fluctuating basis levels are a part of the US market as well as our own. I highlight in the Great Falls basis chart that DNS 14 (similar to a 1/2 CWRS 13.5) prices have varied from 50 cents per bushel to $1.15 over currently. That is before exchange rates and other things that impact Canadian basis levels with MGEX (referring directly to CWRS).

On the comment on cash prices, the Montana situation should be a guide to Southern Alberta and South Western Saskatchewan. South East Saskatchewan and Manitoba would have equivalent posted prices from North Dakota. Anybody south of the trans Canada should be tracking these prices and looking for alternatives.

To the question of whether we track US basis or cash to monitor performance of the system, I think spending time on cash prices is better investment of time. Perhaps a better measure for most of the prairies would be port prices. I use Portland prices. West coast prices would be nice.

[charliep]

should be basis 50 cents per bushel under to $1.15 per bushel over.

[Hopperbin]

Hamburg / Reuters — Canadian wheat was offered lowest at $323.40 a tonne c&f free out (ciffo) in the tender from Iraq’s state grains board to buy at least 50,000 tonnes of hard wheat, European traders said on Monday.The tender closed on Sunday and offers must remain valid up to Thursday, Nov. 6, traders said.Wheat from the United States, Canada, Australia, Ukraine or Russia was sought. No purchase has yet been made, traders said.The Canadian offer was made for 100,000 tonnes, traders said.Lowest offer for Australian wheat was $331.22 a tonne ciffo, they said.Lowest offer for Russian wheat was $336.50 a tonne ciffo, no offers were made for Ukrainian wheat, traders said.United States-origin wheat was offered lowest at $352.70 c&f liner out, they said.Free out and liner out terms have differing provisions for ship unloading costs.The wheat was sought for shipment Dec. 1-30, 2014, with arrival between Dec. 31, 2014, to Feb. 13, 2015, they said.Volumes in Iraq’s wheat tenders are nominal and the country frequently buys more than it tenders for

[wmoebis]

Shouldn't we be pricing lower quality wht against the US wht? Like feed wht quality.

[Hopperbin]

Montana Elevator Cash Grain Prices Closing elevator cash bids compared to Thursday: Winter Wheat 10 lower, Spring Wheat 8 lower, Durum Wheat unchanged to 1.25 lower, Feed Barley unchanged to 25 higher, Malt Barley unchanged. Wheat prices (HRW, DNS and Durum) are in dollars per bushel, barley prices dollars per cwt. **Prices not necessarily representative of all terminals within Montana** US 1 Hard Red Winter Wheat Ordinary 11 pct 12 pct 13 pct Billings Area 5.14-5.35 5.24-5.43 5.29-5.47 5.29-5.47 Golden Triangle 5.22-5.46 5.30-5.54 5.34-5.59 5.34-5.61 Great Falls Area 5.33-5.42 5.41-5.50 5.45-5.54 5.45-5.54 Northcentral Mt 4.94-5.48 5.04-5.56 5.12-5.62 5.18-5.66 Northeast Mt 4.84-5.09 4.92-5.17 4.96-5.21 4.96-5.21 Southeast Mt 4.35-5.04 4.43-5.12 4.47-5.16 4.47-5.16 US 1 Dark Northern Spring Wheat 13 pct 14 pct 15 pct Billings Area 5.01-5.59 6.39-6.56 6.99-7.56 Golden Triangle 4.59-5.24 5.99-6.64 6.79-7.64 Great Falls Area 4.77-5.28 6.17-6.48 6.97-7.48 Northcentral Mt 4.76-5.91 5.76-6.91 6.56-7.91 Northeast Mt 4.69-5.40 5.95-6.20 6.73-7.09 Southeast Mt 4.10-5.13 5.10-6.15 6.60-6.93 US 1 Durum Wheat (Harrington) 13 pct US 1 Malt Barley US 2 Feed Barley Billings Area -- -- -- Golden Triangle 12.50 12.00 4.50-5.00 Great Falls Area -- 12.00 4.75 Northcentral Mt -- -- 3.75 Northeast Mt 14.00 12.00 nb Southeast Mt 14.00 nb nb nb - no bid na - not available Source: USDA-WY Dept of Ag Market News Service, Torrington, WY Kaye Orton, Market Reporting Assistant Phone: 307-532-4146 Office email: Torrington.LPGMN@ams.usda.gov www.ams.usda.gov/mnreports/bl_gr110.txt