wheat buddy is out.

[bucket]

Weber just sent out the current issue of wheat buddy.

It lists basis at elevators, actual basis and much more.

Along with actual port prices and a cumulative average for the year.

Sure hope the alberta and saskatchewan wheat commissions catch up. lol.


I make myself laugh sometimes. I know weber will laugh. He gets it.

[MBgrower]

Are the new wheat and barley commissions providing this type of information to farmers forced to pay check offs? What is it that they do anyways?

[bucket]

Nope and nothing are the answers mbgrower.

[jdepape]

Good idea. Where can you see it?

[bucket]

Depape

It's not an idea. He has been publishing it for quite a while.

If every western farmer read it, the system would change quickly when they look at actual basis, port prices etc.

[northfarmer]

it available through his subscription service.

as I have stated before on this forum the lack of proper and effective arbitrage of our markets is costing us millions and rail and logistics is not the only cause.

[MBgrower]

We have futures markets that provide liquidity and price discovery, however basis is allowed to remain hidden. Now i ask, how is this allowed? If only Ritz and Harper understood how fair markets should work to stimulate competition. Obviously they dont, or theyre objective was to transfer farm wealth directlty to a few canadian grainco families .

At least we have access to the usda trade reports for some kind of idea what our grain is worth.

[jdepape]

MBgrower:

How is basis hidden?
(This is an important discussion - IMHO.)

[MBgrower]

Just asking for transparency between port prices and country prices to measure prices differential. Are the graincos country prices currently netting them $0.25/bu or $3.00/bu? No one knows.

[farming101]

My view is that the basis is inaccurate. Minneapolis futures are quoted in USD. Friday's close for the March contract converts to $7.16 CAD
Grain buyer's cash bids are quoting a basis of say, -$8.00/t basis Mar futures for February delivery and a cash price of $203.65/t CAD or $5.54 CAD. It doesn't compute.