Thalpenny,
You stated"There is a real avoidance to talk about the open market system and its foibles. No one could answer me a few threads ago when I quoted current elevator prices at Bottineau that were just slightly below the PRO when converted to Cdn dollars. "
Just how can a PRO be compared to a real price? Any farmer knows that the PRO is almost worthless at the bank so why would anyone use it for comparison. It is only a guess and can be set at what ever those people at the CWB
want it to be. I look at the PRO only once or twice a year because I have found that since it's inception is has as much accuracy as a 5 day weather forecast. When it could be out by - 30% it isn't as valuable as real market prices.
You stated"There is a real avoidance to talk about the open market system and its foibles. No one could answer me a few threads ago when I quoted current elevator prices at Bottineau that were just slightly below the PRO when converted to Cdn dollars. "
Just how can a PRO be compared to a real price? Any farmer knows that the PRO is almost worthless at the bank so why would anyone use it for comparison. It is only a guess and can be set at what ever those people at the CWB
want it to be. I look at the PRO only once or twice a year because I have found that since it's inception is has as much accuracy as a 5 day weather forecast. When it could be out by - 30% it isn't as valuable as real market prices.
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