Average US Malt Prices beat CWB Pool

[chaffmeister]

With the assist going to LWeber.

[chaffmeister]

I want to be clear on something.

Fransisco started this thread with a comparison of Montana prices and Alberta prices. My understanding of the Montana prices is that are not weighted averages.

LWeber states correctly that USDA weights prices for a variety of reasons. Although that would be a different price series than the one presented by Fransisco, those data are available and relevant.

I've used both in different analyses - and they both give the same or similar results vis-a-vis CWB returns.

[charliep]

Perhaps Vader has provided a good explanation of why CWB total payments for feed barley pool where higher than malt barley in 2006/07. Both payments were below what an open provided for domestic feed barley. I know this well thought explanation will be in annual report but maybe Vader can give an early preview. For those who can't remember, the link to 2006/07 CWB payments is below (http://www.cwb.ca/public/en/farmers/payments/pdf/2006-07_tonnes.pdf) last 2 pages.

Vader are you a supporter of the CashPlus program? It is a substantial change from previous CWB iniatives (farmer prices/payments matched directly against sales versus all PPO programs related to the pooled payments/risk management to minimize impact). This is particularly the case on the latest CWB offers to the maltsters/selectors.

From the presentations at the combine to customer, where is the CWB going a wheat PPO programs?

[bsigg]

http://www.grains.org/page.ww?section=Barley%2C Corn %26 Sorghum&name=Barley

[charliep]

bsigg

Trying to understand. The CWB making conscious decisions not to participate in the US market is a good thing? What Canada's competitiveness with other exporters (Australia and Europe)? Why hasn't Canada been able to expand market share in recent years when both the latter two regions have had crop failures/quality problems? How far along is the CWB in hitting some of the targets set out in their long term market strategy 5 years ago? See page 19.

http://www.cwb.ca/public/en/library/publications/popups/pdf/long-term_forcast-2011-12.pdf

To put the Canadian side in perspective, western Canada grows around 10 MMT of barley. About 60 % is malt varieties (6 MMT potential selectible malt barley). In any given year, about 2 MMT is selected (1 MMT exports seed, less than 200,000 tonnes domestic malt product and 800,000 tonnes exports.

[charliep]

The 800,000 tonnes is malt product exports.

[parsley]

It's the wall.

You're talking to it, charliep.

Parsley

[charliep]

Maybe the wall reads CWB information. Page 15 and 16.

http://www.cwb.ca/public/en/library/publications/popups/pdf/stats_english2005-06.pdf

The new version will be out in a month. Always good reading.

[parsley]

Couldn't get on just yet, you plugged the site, so I emailed you my present project!

Parsley