Missing the wheat bull again

[charliep]

They haven't updated the website yet but the futures first basis contract started Sept. 1 last year (as indicated by Lee). Clipped from the CWB site.

Wheat Basis Payment Contract – Start date - December 2007 futures only September 1, 2006 End date - CT November 1, 2007.

You are correct on your analysis of the spread/risk. One way of looking after margin risk but could backfire if 2007/08 wheat prices take off/everyone plants fence post to fence post wheat in 2008.

FPC stuff on CWB website at:

http://www.cwb.ca/public/en/farmers/producer/fixed/

Back to "Missing the wheat bull again".

[SASKFARMER3]

Today headline from England, With high wheat prices bread will have to go up but also meat because of the high cost of feed.
Price for top milling wheat $10.88 a Bushel Canadian in England.
But our CWB and Warbiton have a gentleman's Agreement Wink Wink Nudge Nudge.
Come on All this EPO PRO SHIT ETC is just a smoke Screen to make it look like their actually doing something for Western Canadian Farmers.
Does one CWB supporter actually think were going to get near $10.88 for their warbiton Contracts. HA.
Any one can come out and tell us that the PRO is $7.50 a bushel minus freight and an initial of $2.20 and wait and wait for the remainder here is some scraps oh we missed the market, excuse excuse and again another opportunity is missed. I for one have heard this same story for years and am getting really sick of it.
Another Bull missed.

[freenorth]

No matter how many pricing options the board has it still misses the point.

Here's an idea tell me what I'm going to get and when.

It is once again rediculous that we are at record futures prices and yet barely over $5/b.