Globe and Mail CWB article Nov.27

[grower99]

Owner of Patterson says it cost his company $25,000 per day per vessel and one ship cost him $800,000 for 3 months delay waiting for the train. Some one should be able to figure out how much last year's sh-- show cost Western Canada.

[farmaholic]

Ah, PARDON ME, who paid for or is going to pay for that?

[grower99]

Not sure if anyone is. I just thought that it would be nice to have a "ball park" idea. I'm damn sure the grain exporters know how much they paid in demurrage. We all know that a lot of that expense was passed down to the "bottom feeders".

[farmaholic]

Exactly my point.

[stonepicker]

So if it cost Mr. Paterson $800,000. dollars for a panamax vessel waiting for 3 months. It would have cost him .30 cents a bushel extra for that ship. ( 80,000 tons dwt. for a panamax ) Am i right ? not very much imo, and who actually sold wheat last winter when the basis was sky high?

[Hopperbin]

But 20 30 years ago 30 cents per bushel was the only profit. Or else it was 30 cents or more under break even. I guess we have that today again depending on crop timing and agronomy.

[stonepicker]

yes but this was a vessel supposedly sitting for 3 months, most vessels not nearly that long. we weren't getting ripped off like some farmers think we were. Again, there were good pricing oppurtunities last year and this.

[theplowboy]

I posted a link above to the story.
it might clarify some of the ideas being discussed here.

we are all pissed about how the industry's grain logistics are costing us a lot of money.

the discussion needs to be focussed on what the hell can be done about it and how can be elimate more of the bottlenecks.