Cash bids Portland wheat at 11:43 A.M.

[LWeber]

DNS 14%...11:43 AM - Subject to changing futures bids...

Feb 2008...$16.85 Coast
Mar 2008...$16.90 Coast
Apr 2008...$16.95 Coast

Thats dollars per bushel. In USD.

[boarderbloke]

do they list quotes for new crop?

[LWeber]

Last Thursday was the last time it was posted at $10.97 for Aug/Sept.

[furrowtickler]

What shook the market this afternoon?

[cottonpicken]

Great day today.

Canola finished at 622.

[cottonpicken]

Whoops canola was up 22.50 and closed at 609.20.

[TOM4CWB]

LWeber,

You said...

Larry Weber's comment:

"It is not 2001, Dorothy; this is not Kansas; and there is no Wizard of Oz in grain marketing. Where is the premium in 2008? Farmers in western Canada want the CWB to "show them the money.""

My better half says... Larry... you missed... you only go part way!

We don't want the CWB to... show us their money... we want them to be gone... and we will find our own money, thankyou!

[LWeber]

DTN gives me great latitude Tom.

Some U.S. farmers are seeing the price comparison for the first time between Ontario, SK and Montana.

They are shocked.

[TOM4CWB]

Larry,

I know... when I talked with Jerry G for a couple of days @ Informa... he didn't believe me much either.

And on top of it all... my better half thinks I am a wimp!

GRIN ! She is right!

We need more of that Scandinavian blood circulating out here!

[agstar77]

Grain bins are empty in the U.S.A. Millers will run out of feed stock before the new crop comes in. In other words when a commodity is in such short supply and no certainty of a new crop , mass panic sets in. It was only a matter of time before just in time inventory caught everyone. I'm more worried about next year than this year because of the high input costs.