I just got my Ausie newsletter.
$36/t narrowing of the Ausie basis in the past two weeks on wheat.
WE are being so RIPPED off on our futures wheat only done in Jan of 07.
The Ausies are in the middle of renegotiating their "Single Desk" so they either arbitage the market or lose the "single desk".
Not so in Canada. The CWB is happy to take our money and run... what a frustrating messed up marketing system.
Highest prices in history... and there is a CWB TROLL taking the premium and keeping the portion that 100% of the profit. S I C K.
Melvill
Lee the Job of the CWB IS to be marketing experts and MAXIMISE my returns. NOT MINIMISE my returns and put it in the pool accounts and contingency fund where it gets lost in oblivion/the black whole that prevents Market Arbitage.
We in Canada and Australia are being SO Ripped OFF. That is anyone with brain function and who cares about marketing
PERFECT Communist Left wing thinking.... better no one get anything... than someone get more than what I got... because I forgot or wasn't watching!
"2007/08 AWB Pool Estimates AWB have added another
$14/t to pool estimates this week. The new EPR is set at
$314/t. Given the sharp move up in Dec 07 futures, a $14/t
lift in estimates may be seen as surprisingly conservative.
However, we have to note that while Dec 07 futures lifted
$32.28/t, Dec 08 futures only lifted by $6.85/t.
What has taken off over the last two weeks has been the
forward cash prices. The lift in cash prices has been $69/t
with AWB and $84.50/t with ASX. In the physical cash
market the basis has improved by $36.72/t over the last 2
weeks, and now sits at -$10/t (Yesterday. Today it is $6/t).
This extra $36/t has gone straight into the pockets of those
who have forward sold using swaps. Those with fixed price
contracts have missed out on this $36/t - a big penalty to
pay."
$36/t narrowing of the Ausie basis in the past two weeks on wheat.
WE are being so RIPPED off on our futures wheat only done in Jan of 07.
The Ausies are in the middle of renegotiating their "Single Desk" so they either arbitage the market or lose the "single desk".
Not so in Canada. The CWB is happy to take our money and run... what a frustrating messed up marketing system.
Highest prices in history... and there is a CWB TROLL taking the premium and keeping the portion that 100% of the profit. S I C K.
Melvill
Lee the Job of the CWB IS to be marketing experts and MAXIMISE my returns. NOT MINIMISE my returns and put it in the pool accounts and contingency fund where it gets lost in oblivion/the black whole that prevents Market Arbitage.
We in Canada and Australia are being SO Ripped OFF. That is anyone with brain function and who cares about marketing
PERFECT Communist Left wing thinking.... better no one get anything... than someone get more than what I got... because I forgot or wasn't watching!
"2007/08 AWB Pool Estimates AWB have added another
$14/t to pool estimates this week. The new EPR is set at
$314/t. Given the sharp move up in Dec 07 futures, a $14/t
lift in estimates may be seen as surprisingly conservative.
However, we have to note that while Dec 07 futures lifted
$32.28/t, Dec 08 futures only lifted by $6.85/t.
What has taken off over the last two weeks has been the
forward cash prices. The lift in cash prices has been $69/t
with AWB and $84.50/t with ASX. In the physical cash
market the basis has improved by $36.72/t over the last 2
weeks, and now sits at -$10/t (Yesterday. Today it is $6/t).
This extra $36/t has gone straight into the pockets of those
who have forward sold using swaps. Those with fixed price
contracts have missed out on this $36/t - a big penalty to
pay."
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