Grain Companies take $13 million Valentine’s gift from farmers

[farming101]

I'll make it clear we need more transparency to deal with the market environment that exists now but still,

The west coast price mentioned in the first post is NOT the price actual sales are being made at. It is an indicator price. The AAFC report makes that clear.

The 227,000 tonnes loaded for export in week 27 didn't just come from one country elevator. It came from all over the prairies and was purchased at different times and different prices.

More transparency is needed NOW.

[LEP]

The only way to make markets efficient is arbitrage.

That entails any number of this. Including selling and delivering to US elevators. I have sold to Lansing and Schoular and my grain is picked up.

Doing what Klause has done with containers would be another way.

Producer cars need to be pushed to the max.

Every avenue needs to be explored. And yes if we had kept ownership of wit, pwt, gst, etc. it would have helped.

It is tough to get anything too off the grid going when the railroads tell you to go *@#% yourself.

[farming101]

The 227,000 tonnes shipped in week 27 is made up of:

12 tonnes of #2 CPS
29.4 tonnes of #1 CWRS
125.7 tonnes of #2 CWRS
59.8 tonnes of #3 CWRS

The first post assumes this all got sold and exported for 9.21/bushel. O boy....

[bgmb]

Very simple solution.

We all stop selling and forward contracting grain for one month.

Seriously though when we had the single desk the pool was the only way to extract fair value for your grain and many did not like the pool they would rather go fixed price. But the fixed price was as big of a rip off as what we are seeing today.

I wish the CWB would have allowed more grain to go south by truck easier, the guys by the boarder would have been happier and we might still have the cwb as an option today.

[bgmb]

farming 101.

He is taking the spread from #1 port to #1 country assuming the discounts are the same at port as they are in the country I would say his math is correct.

[mbdog]

Rhetoric aside, we are moving towards a western Canada with more competition for/retention of our ag resource wealth, both domestically and for export. I pay little attention to politically motivated/self serving attacks that ignore this.
As a producer, I like/want competition for my production investment, I like the interswitching move, like that the CWB is trying to evolve into a business "independent of government", like the fact that domestic-local consumption/value add could ramp up.
The future is bright if you don't let threads like this bring you down.

[farmaholic]

I agree with the "stop signing" lopsided contracts or ones that play into their hands. What happened to "spot pricing"?

Keep signing, basis and futures first that guarantees them a supply and you an obligation to supply(and remember overall samples don't mean much, its load by load of what comes out of the trailer chute). Keep them in the know and provide them with the free option of accepting your grain using target pricing or pricing orders or what ever they call them.

Wake the **** up.

[Guest]

Governments and grain companies would do well to pay attention to history . Grave results come from arrogance , greed and complacency. you can only hold your foot on someone's neck for so long until there is a mass revolt.They seem to forget that they are playing games with the countries food supply

[bucket]

How about open running rights.

The conservatives could implement that as quick as back to work legislation.

Just a whisper could have the same impact?

[farming101]

bgmb yes it is logical to make that assumption but still it is an assumption. No one knows what the grain is being sold for. All there is is dated information released by Stats Can that is not very specific. That is all I've turned up anyway.
I've charted what that report highlights regarding the prices realized from the sale of all types of Canadian wheat except for Durum.
<a href="http://photobucket.com/" target="_blank"><img src="http://i1211.photobucket.com/albums/cc421/farming101/Dec%2014%20Wheat%20export%20prices%20CITD_zpsixiie 6cl.jpg" border="0" alt=" photo Dec 14 Wheat export prices CITD_zpsixiie6cl.jpg"/></a>