Wheat - sad ....

[furrowtickler]

Fuel surcharge lol

[BTO_farmalll]

They Dicker Us, n' Dicker Us, n' Dicker Us, n' Dicker Us, n' Dicker Us, n' Dicker Us, Its Just a Never End Of Dickering!!!!!!!!!!

[BTO_farmalll]

Kris,

Why You Dont Have 5 Trucks on The Road, I Dont Know!!!!!!!!!!

[grassfarmer]

So I guess "marketing freedom" didn't bring US prices to the Canadian farm doorstep as promised by some? I remember for years SF3 and others constantly quoting the elevator price in ND and citing that as a reason to get rid of the CWB. Now with the CWB gone you are still quoting the US elevator price and complaining that you still can't achieve it.
Live and learn.

[SASKFARMER3]

Yes grass your right.
I f^&Ked up.
Not. We are similar to the USA fringe prices now. With the CWB this years crop we would have a 1 bushel quota for #3 wheat.
Paying 1.75 as a initial and then the feed price would collapse etc.
But you are correct on one thing. All the glory of the CWB gone we forgot to put in information processes for the grain companies to explain what their selling and for how much on any given day. Sort of honor system we use now is Bull shit nothing is transparent.
Ah yes its fun to admit your wrong.
I was to some degree but still better than we had.

[sawfly]

it is pretty funny
what would our price be if the dollar was par? $ 4.50

I'm shocked ,US elevators don't like us hauling down there. imagine that.

geez i could of sworn, i heard that the company's
here were gonna be outbidding each other to get my grain.

maybe we should ask Tom and the wheat growers what we are still doing wrong.

personally , after being trained last year that if i wanted to move anything , i had to contract 6-8 months ahead. i reluctantly contracted a fair bit at 6.00 for fall

lucky for me that even with the wheat rally my contract looks better than the street price.

I would not say it's cheap entertainment .
but you gotta laugh

[bucket]

Sawfly

We were par in 2012 when this new system was implemented. It made sense then. Not now. And we have good prices and basis was easy to figure. Mpls minus basis. Not any more.

[Braveheart]

I swear, sometimes I think you folks live on the moon.

Just before the holidays, north central ND cash bids were averaging $5.44 USD for 13.5% pro.

Just into MN, barely 110 miles east, cash bids for 13.5 % pro was $6.44 USD. Surprise! They take Canadian wheat.

The same day, cash bid locally, was $6.40 CAD, for 2 CWRS 13.5.

ND elevators are experiencing huge transportation problems. Rail capacity seems to be diminished (they say) to oil using up most logistics capability.

MN elevators are expecting river navigation in a month or so, don't have the oil car congestion problems on railways, and can pump grain into mills around Mpls easily.

[Braveheart]

Correction, MN cash bids were $6.38 USD.

[farming101]

I did see in one place it noted the price for wheat in a railcar destined for Chicago beyond. December average was quoted as 10.56 USD for 15 pro #1.
Not sure what that means exactly. Maybe that's the price landed at a flour mill in North Carolina for all I know.
Same report notes Jan 7/15 spot prices for truck deliveries to Minneapolis/Duluth as 6.55 USD

[grassfarmer]

So Braveheart did SF3 and others always misinterpret the US grain prices relative to CDN ones or did the errors start after "marketing freedom" ?

[Braveheart]

I don't know what others are seeing. Maybe it's like the Bible and Qu'ran and everyone has a different interpretation.

In my trading area, including MB, ND, MN, by truck, and anywhere in producer cars, wheat prices are all over. At the same time as some on here are crying "no arbitrage" the local Paterson has had a higher cash bid than any ND elevator in my desired driving range. This year MN elevators in the valley usually lead the way.

Re Canadian wheat in ND elevators, because their movement is so poor, elevator managers don't want to displace local customers that are having trouble delivering their contracts. They are unlikely to take any wheat Can or US out of their area.

The sooner we all leave this marketing freedom backbiting behind and start trying to understand basis, carry, and how local markets change and why, the better off we'll all be.