wheat buddy is out.

[jdepape]

bucket - are you saying farmers react to basis?

I wish.

The only reason we got to 80 under last year was because farmers ignored the basis and kept on selling.

How about the new crop canola sales we were seeing last spring - over $10/bu yes - but with a 70 under basis.

[farmaholic]

I think in the staring contest between GrainCos and Producer's, Producer's will always lose.

John, a lot of Producer's don't have the financial strength to dig in their heels. As long as the beast gets fed, there is no reason for the prices to rise, to many sellers....

If the spread between port and prairie prices is as wide a $3.00--ouch. We know from the old system that from midpoint Sask deductions were about $1.60, give them $1.75 now. That still leaves $1.25 or almost $46/tonne, or on a 50 bushel/ac. wheat crop $75/ac. Did you net $62.50/ac?

[farmaholic]

Boo boo, or on a 50 bu/ac. wheat crop $62.50/ac. Not 75, got the last part right with the $62.50 though???????

[jdepape]

"a lot of Producer's don't have the financial strength to dig in their heels"

<b>BANG ON.</b>

The problem to be fixed is not the wide export spread - that's merely a symptom.

The problem is too many farms are not capitalized well enough to market to their best ability. And many don't know how to exploit the market to their benefit.

Let's solve THAT problem and see how this market works.

[bucket]

Funny thing is some people were saying here that graincos were not making excess profit because farmers were not selling?

Now it's that farmers have kept selling which is why things are ****ed up.

If canadian producers didn't sell someone halfway around the world will and has been shown in the states after a big crop they can still count on government support.

That's how many farms in the states are well financed. That and market is more transparent.

Spring wheat in the pnw has an export basis of plus 5.90 last time I checked. Add that to mpls and you get the export price quote. That kind of basis should be encouraging deliveries. Pretty simple. Not so in Canada.

[MBgrower]

BTO, I'll tell u where the money is going. Richardsons using it to expand their oil business, tundra oil.

[bucket]

Yup and they will say there is no money in oil. The local elevator will say there is no money in grain handling and yet these guys never need public money.

They are making a killing and the government won't tax them better yet they will create a loophole at the next tea.

[jdepape]

bucket -

It sounds like you're suggesting someone is contradicting themselves saying "graincos were not making excess profit because farmers were not selling" while also saying "farmers have kept selling".

And it feels like you're pointing at me.

If so - don't take what I say out of context.

People like Richard Gray said graincos were gouging and pointed to the widest export spread all year to calculate it. Problem was, little was being bought at those prices - some graincos had "no bid".

The reason prices got so bad was indeed because farmers kept selling - or offering.

So, even though you're trying to make the case that you can't have both situations, you definitely can.

[bucket]

And that us why no farmer in the states feels bad about taking government money because they are doing the same thing in the states but refilling the farmers account through program payments that will help correct the problem.

In Canada we get to listen to guys that justify the basis calculations to politicians.

To be fair that may or may not be you. But I think even you want a better system since it would be easier to make money.

[jdepape]

"But I think even you want a better system since it would be easier to make money."

Ouch!

I want a better system because it would be more sustainable, fair, efficient, and if we ever get there, it will give me considerable pride and gratitude that I had even a small part in getting there.

And YOU will be able to make more money.

Hell, a dysfunctional market would be great for me. The CWB single desk was the mother of all dysfunctional markets and I had a great time with that one!

[bucket]

If a dysfunctional market worked for you, you wouldn't even be posting here.

You would be having drinks in Mexico.

[BTO_farmalll]

Look Son,

a Retard!!!!!!!!


Using Dape's Phony Fckin Math, Yous Can Clearly See He Avoided The Question on Where The Money is Going!!!!!!

$7.16 Converted to Cdn - $1.60 Cdn = $5.56 Cdn

$5.76 USD - $0.20 Cdn = $5.56 Cdn


This is So Fckin Phony it Boggles My Mind!!!!!! Dape' Tells Us The Fx is in The Basis, Yes You Idiot We Can See That!!!!!!!!! Fer Years, n' Years, n' Years, n' Years We Were Told The Lower The Cdn $, The Better it Would Be fer Our Prices!!!!!!!! Where The Fck is Our xChange Then!!!!!! Can Someone Please Explain This Phony Fcking Math Being Used To Convert The xChange Rate!!!!!! This is Happening in All Grains, I Should Be Selling $4 Oats of da Combine This Fall, Would Seed The Whole F'n Ranch Down To em'!!!!!! Oh Well, The Great Grain Robbery Continues Unabated!!!!!!!!