Sask. Wheat says wide basis costing wheat growers billions

[Integrity_Farmer]

News article Maqitoba Cooperator

"We were forecasting this would cost farmers $2 billion (this crop year) but it’s likely to be closer to $3 billion now if this keeps up" Bill Gehl chair SWDC

http://www.manitobacooperator.ca/news-opinion/news/sask-wheat-says-wide-basis-costing-wheat-growers-billions/

[tweety]

Integrity, please show the math how they come up with 3 billion $ ?

[CptnObvious]

$62/t excess basis( that which is charged above the actual cost) times number of tonnes sold = $3 billion.
It was $3.1 billion last year.

[farming101]

Hey Captain could you verify the number of tonnes sold and post it in this thread. I would like to compare that with CGC numbers. Thanks.

[jdepape]

So what are the "actual costs"?

[bucket]

Depape

How's the app coming along?

[bucket]

Depape

How's the app coming along?

[farming101]

Canadian International Trade Database says that for the calender year 2014(not the crop year) Canada exported 18,488,686 tonnes of all wheat except durum. $5,745,474,942 CAD was realized from these sales. Works out to an average of $310.76/t for the year.

Durum shipments totaled 5,653,997 tonnes.
$2,191,514,349 CAD was realized from these sales. Works out to $387.60/t for the year.

[Integrity_Farmer]

Tweety just for you Richard Grays analysis
http://online.flipbuilder.com/iyqg/ovjj/mobile/index.html