Please tell me - what is so bloody sacred about the CWB?

[wilagro]

SASKFARMER3: The pooling takes time in order for calculations to be finalized. What could be plainer than that.

If you don't like "pooling", then work towards eliminating it. Tell your CWB directors that you want it stopped. If you get enough support, I am sure they will kill it.

[BennyHin]

Saskfarmer3:

Since you like to measure a pool return (or fixed basis price for that matter) to a conveniently hand-picked US spot price, why don't you instead provide us with a real-time marketing plan for this year so that all of us can measure your extraordinary ability to beat a pool return every time.

For example:

Lets assume that you can deliver these fictitious tonnes to a US elevator without ND and MT farmers shooting out your tires.

Lets also assume you have 1000 tonnes of #1 13.0 durum, and 1000 tonnes of #1-13.0 red spring to sell.

Now whenever you make a theoretical sale between today and July 31/08, you have to post your selling price on this website on that day.

I'll even give you the benefit of the doubt and assume you would not have pre-sold anything this spring / summer at much lower values, in a "free-market" environment. This is a big gift to you.

Also remember to subtract trucking costs and or corrections for rail freight differences for shipping to the pacific north west using US rail, versus cwb deductions from your shipping point (please remember to include trucking premiums to Canadian elevators).

Then on July 31, we will compare your averaged selling price to the pooled returns.

Thanks,
BH

[wilagro]

As for the rest of you...

"So if The Four Horsemen of the Apocalypse (Burbert, BennyHin, Wilagro and Agstar) can't answer, call someone who can."

Better start calling the CWB for answers...not too much discussion except for the antis piping in ONE AFTER ANOTHER AFTER ANOTHER...not much point explaining as you wouldn't believe anything anyway. For six years I have been reading this forum and I see no end or resolution to the questions you keep asking. WE "four or five horsemen of the apocalypse" as you state, are not the CWB. Send your questions to THEM.

[BennyHin]

SK3: Clarification on previous post: the "Fictitious" tonnes refer to the 1000 tonnes of durum and 1000 tonnes of red spring I asked you to price out by July 31/08.

good luck.

[Fransisco]

Lets try to get this thing on track again.

***Please tell me - what is so bloody sacred about the CWB that you can't see its shortcomings?***

[chaffmeister]

wilagro: you say "not much point explaining as you wouldn't believe anything anyway"


Try me.

[Fransisco]

Benny I take it from your posts and your challenge that you think that CWB pooling strategy gives you (and everyone else) a superior return.

Is that a fair assesment of your position?

Is <b>pooling</b> what is sacred to you about the CWB?

[chaffmeister]

BennyHin:

Using the "Easy Button" to out-perform the CWB:

1. Use a non-CWB system such as the one used for canola. Price is used to attract grain into the system or to ration demand for the system. This ensure competition and lowest possible cost of doing business. You will immediately be ahead by about $20 per tonne.

2. Sell equal amounts every week - or every two weeks - or every month. Whatever. This way you will get very close to an average selling price for the year. Data shows that this alone will put you ahead of the CWB.

3. Use trailing stops when placing your selling orders in the market. If the price rises and you don't get tagged, you just keep moving your stop higher. Do this for each parcel of grain you want to sell. If the market is moving higher, accumulate them until they all get triggered at higher levels. Automatically you get better than average pricing for the year.

4. Make use of carrying charge signals in the market - to direct which delivery period you sell into. Even though you are selling equal amounts each week, they don't need to be for delivery each week. In the canola market, the price structure will often pay you to store canola a great deal more than your costs to do it. Take advantage of it.

5. When selling on a deferred basis (as in 4. above, look at selling the deferred futures first and then the basis closer to the delivery period. this will maximize the carry charges in the futures market PLUS pick up the typical seasonal basis appreciation.

If you follow these simple steps closely and diligently, I guarantee you will out-perform the CWB every time. this is because the CWB won't and/or can't do them.

[Fransisco]

Damn Chaff, that has got to break some kind of record for the most -good marketing advice- in the least amount of space ever.

Great stuff!

[TOM4CWB]

Fransisco,

Pooling IS the CWB. Pooling gives the CWB the opportuinty to get a sale, any day, any time, and be acountable to NO ONE. COmmercial Confidentiality.

And Legally any amount gained by the CWB above the "initial" payment... is pure CWB "Profit".

CWB Sales people, working a system that assures us the lowest price is the Law! HBC and Zellers would be proud! Don't you understand; High prices distort the market place, hurt value added, Supply management, Livestock Producers, the unionized worker needs cheap food!

And on top, the Industry (mainly multi-nationals by the way) gets paid by the CWB cost PLUS... a profit! No risk, the growers will gladly take the risk, and pay cost plus on top!

Benny, what wishing well have you been looking in?

[SASKFARMER3]

Benny and willgro my American Cousin if you read my post is very happy with his $9.20 for his durum and as I said the check is being deposited in the bank. So no that isn't some fictitious number that CWB supporters pretend doesn't happen its real life 1 0 1, Boys, and as far as open market prices Canola is prime example last year most of our sales happened on two days one was early january and other was in July. Hit the market their twice for excellent returns. Wheat will be know different.
So if the pooling works you keep it you seem to need it just let the rest of us out who dont want and need it.
Thats All.

[SASKFARMER3]

One more thing Benny Boy fictitious tons Ha read my post I farm so yes I have the 3265 tons of product but I believe you probably don't.