FX in grain marketing

[wilagro]

I wonder why Ritz and company never come on this forum and interact with the great unwashed. I guess that he is too busy to hobnob with ordinary folk.

It would help if those who get all the flack participated in the discussions.

[gustgd]

Thanks John for starting the tread and all those who participated constructively. You know who you are.

I may not agree but I'm starting to understand better. You all should type slower .

Wilagro if Minister Ritz or any Ag Minister spent their time reading agri-ville I would question competence.

This thread did get derailed, but it was by those setting up straw men when they couldn't debate John on the merits of his arguments

[sawfly]

i am not gonna get used to it.
and nor should any exporter.

if the infrastructure is at fault
take the unemployed from oil price drop.
do public works and Fix it.

if it is a corporate structure problem ,
then restructure them out of existence.
and start over .

doing the SFA, that this gov . is doing is not an option.

if there was a war . overnight we would figure out a solution.

but no the govt.s corporate friends can bleed us dry for years.
extorting what ever basis to fit our bushels thru a too small hole.

i guess it just speeds up the planned transfers of wealth from the peons to the top 1 %

Top Conservative's well know , that really there is no need for a middle class.

[gustgd]

The upper class: keeps all of the money, pays none of the taxes. The middle class: pays all of the taxes, does all of the work. The poor are there...just to scare the shit out of the middle class."
George Carlin

[bucket]

Gust

What is there to debate depape for. He's asked more questions than anyone else. He wants answers as well.



And he wrote the book on trading.

[jdepape]

bucket

Actually, I have written a book on trading. I'd send you a copy but I figure you wouldn't believe any of it anyway.

[mbratrud]

I agree with everything you are saying John. I think.

I think the issues farmers including myself are facing is separating Basis and Price. The CWB trained us through their Fixed Price Contracts that we could lock in a basis and follow the US Futures Market. They also trained us to look at Basis, Forex, Elevation, Cleaning, and Freight as all separate things.

Farmers need to pickup the phone talk to many buyers maybe as many as 10 in a 120 mile radius, then work back each price to their bin. You have to determine who wants your product and who doesn't.

Now as far as Grain Co's working in the forex to their basis levels it is fair game, it just isn't very user friendly to the farmer. Farmers that want to separate Basis and Futures have to rewire themselves how they do it. Farmers will have to be sellers of Cash Grain and manage Futures and Forex on their own.

I really wished that we would have had this type of Forex back on Aug 1 2012. Maybe our ICE Wheat Future would have had more of a chance to get off the ground. I believe things would have been much clearer.

[bucket]

If depape's theory is true about basis and it was actually positive then the american farmer would be delivering into the canadian system not the other way around.

Everyone's been talking about getting grain to the states and they have a minus 50 cent per bushel basis.

[jdepape]

I don't disagree - there's a learning curve.

And to be clear, guys should be netting out the FX to get a clearer picture. As I said before, I do it - I convert the cash price to USD tho, to come up with a USD basis. Personal preference, I guess.

[jdepape]

Truly, bucket - either you really don't know what my "theory" is, or your sarcasm and cynicism is getting the better of you.

[tweety]

Ok so after 81 posts, what is the price of 13.5px #2 wheat in central sask, and what 'should' the price of it be?

Roughly.

[westernvicki]

... and no one even mentioned port capacity issues.