FPC and BPC Contracts Suspended on "B" Pool Feed Barley

[charliep]

Note the following from the CWB:

Effective February 5, 2008, sign-up for the 2007-08 Fixed Price Contract (FPC) and Basis Payment Contract (BPC) for Pool B feed barley was suspended.
The CWB will honour all FPC and BPC commitments made before suspension of the program.

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

No guaranteed delivery contract. No PPO feed barley. Does this mean cash pricing for barley when the GDC is announced? Should be soon. Or maybe prioritizing wheat to maximize logistics in the current hot wheat market and letting any feed barley program die. Help!

[charliep]

Just noting that Canada has exported about 1.5 MMT of barley during the first 6 months of the crop year, half the 3 MMT forecast (perhaps promised by the CWB). Realize some of remaining malt barley but a good share should be feed. Trying to figure how a $2/bu initial and a promise of $2/bu more will generate deliveries.

What I know. Saudis/other using corn but still need a lot of barley. Suspect the Aussie is filling some of gap as are other countries (both legally and illegally) but still more feed barley business to be done.

Corn is now $5/bu - not $4/bu like last fall. World feed barley is more competitive in this market.

Feedlots mostly have feed booked for animals in lot now. A big gap in April. How many fed here? How many moved south?