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

[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>

[GOODRUM]

Walmart buys oil rigs , I still think west jet could run things better than any of these f&ckups

[blackpowder]

Setting aside the fact that the wheat basis has had wide swings over the last two years and we only priced when it was narrow. Also the apparently extravagant risk premium being charged in current and even new crop basis.
My gut tells me we are still paying less now than in the 'good' old days before we kicked over that rotten bale. Wether or not we like that exposure, I'm sure someone on here has those numbers at their fingertips?

[tweety]

Why shouldn't the grain companies take all the profit they can? No law against it. Corporations make money any way they can, that's their purpose.

There is nothing, no law, to stop them from giving you 2$ a bushel. Market freedom and all.

[stonepicker]

I like that " using newly revealed figures "

[stonepicker]

Sounds like the national enquirer.

[Braveheart]

Hahaha Stonepicker. National Enquirer indeed! Next issue cover story will be, "Kyle Korneycuk Abducted By Aliens!"

[tipsy]

korneycuk abducted by aliens, say it's so!