Bunge Eastern Plants Pay Farmers $11.61 a bushel for Canola, West?

[SASKFARMER3]

Well since its cocktail Friday just go out and have a beer on the deck. Plus 3 today or higher. Ah January weather in Saskatchewan.
Did some snooping around and again found that Western Canada Farmers are getting F$%ked Royally by the Grain Companies again.
Seems margarine and canola oil must cost more in Ontario and Quebec because they pay way way way more for Canola at the Crushing plants than out west.

Yesterday Bungee plant at Hamilton Ontario. It crushes Soy and CAnola.
Plus 50 for delivery.
Canola ended the day at 462.20 50=512.20
or $11.62.
Local bid in Saskatchewan 444 av or 10.06.
So Mr farmer from out west are we just a bunch of easy pickings than our counter parts in Ontario and Quebec.
Reality if the dollar was factored into the equation the real value we should be receiving is close to the Ontario price.
But no not in Western Canada where Grain Companies keep screwing and screwing and screwing farmers.
It never was the railways last fall the real problem is with grain companies they cant handle the drug their on of ripping farmers off.
Grain companies 366 farmers 1.
Ah farming what a fricking game.

[SASKFARMER3]

Funny in Western Canada they have most convinced 10 is the number and every thing is based on that.
Reality 10 with where our dollar sits isn't even close to what we should be paid.
Great guys you just keep F$%King up a once great crop.

[ALLFARMER]

Bunge shares have doubled in the last 5 years.

[farmaholic]

Too much canola in Western Canada?

[SASKFARMER3]

Yes their is I guess.
So farmers listen to Charlie and others and grow more canola like the canola council wants. The lowest price is the law in western Canada.
Bungee is a good stock to hold why not its a licence to print money in western Canada.
Farmers wake up were getting screwed.

[agstar77]

Farmers trying to grow wall to wall canola , are there own worst enemy. If you wanted to have a fair system all production would be grown under contract with minimum price guarantee and graduated pricing for over production. If you don't like that idea , then live with the current system and stop whining.

[agstar77]

Maybe the canola grower association could show how to maximize returns so everyone could make a fair return.

[bucket]

Sf3

Those listening to charliep probably pay some of their bills with power of attorney while the geezer gets his diapers changed.

Think about how many times a farmer has to cross subsidize a money losing crop eith the winner. Others have well saved grandpas and their money isn't earning **** all in the bank so why not just spend it.

It should be interesting what the wcwga opinion is of canadian railways will be now that they had an enlightenment by Bnsf.

[Klause]

2 solid months of hauling canola to altona mb from humboldt sk.
How broken our logistics system is

[bucket]

Klause

Are you making money on that trip?

Surprised no one wants to do the logistics of using rail for that trip.

Seems odd that Altona wouldn't be able to buy closer?

The fuel you burned would have pulled a unit train there.

[bgmb]

Klause,

That should never make sense but it does. Ripping all the rails out was a bit short sighted dont you think.

[bgmb]

Have you looked at hauling to vancouver? is it possible? There was lots of wheat trucked to tbay from manitoba last winter.

[bgmb]

how about producer cars of canola to Churchill. I would guess that the landed Churchill price should be $20/tonne better than altona.

[charliep]

Actually lots of feed grains moved from Alberta to the BC Frazer Valley last year. All grain flowed to Vancouver for export so the dairy/poultry/feedmills farms were forced to be very creative in sourcing their feed needs. Necessity is the mother of invention.

[fjlip]

Good question..."Seems odd that Altona wouldn't be able to buy closer?"
Is there NO canola, or WHERE are farmers selling it that pays better?
Help us understand, MB farmers!
Perhaps TOO MANY crushing plant located in MB, need to close some and open more in Sk?
If they need it so bad, a premium/basis adjustment would correct this trucking WASTE! Ah free market, dumb at times!