Durum Buyback?

[Fransisco]

Was talking to a neighbor today who said he got wind of some guys in Alberta who looked at doing a durum buyback. Apparently it was going to cost them somewhere between $14 and $15 per bushel for the privilege of selling their own wheat. Ouch!

Has anyone else heard of this?

[SASKFARMER3]

I haven't phoned yet but I expect that is the case. They don't want farmers to leave the area.

[chaffmeister]

From the CWB website concerning Daily Price Contract pricing:

"As part of the DPC operating guidelines, the CWB is also committed to keeping the spread between the DPC and the Producer Direct Sale (PDS) relatively narrow and stable with the proviso that under exceptional circumstances, the spread could be widened to protect grain that was required for the CWB marketing."

I think they're widening it on durum by raising the PDS price. Must be short.