Have a look at the basis on the 2006/07 fpc CWRS
(http://www.cwb.ca/public/en/farmers/producer/historical/pdf/2006-07/fpcbpccharts_073007.pdf - slide 17)
and compare this to 2007/08 (realizing you have to add in an additional $10/tonne /- for the adjustment factor).
Interesting how you can compare the two and find out the basis has been about $20/tonne weaker during the whole 2007/08 year verus the previous year.
If this year is likely to be a net drag on the contingency fund and the CWB is wanting to top up next contingency fund, look for the basis levels a week today at grain world to be really ugly.
(http://www.cwb.ca/public/en/farmers/producer/historical/pdf/2006-07/fpcbpccharts_073007.pdf - slide 17)
and compare this to 2007/08 (realizing you have to add in an additional $10/tonne /- for the adjustment factor).
Interesting how you can compare the two and find out the basis has been about $20/tonne weaker during the whole 2007/08 year verus the previous year.
If this year is likely to be a net drag on the contingency fund and the CWB is wanting to top up next contingency fund, look for the basis levels a week today at grain world to be really ugly.
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