CWB supporters are NUTS!

[SASKFARMER3]

I am sorry but this is ticking me off. I didn't make it back but have the water truck for the farm I want. Now on the drive home I heard a CWB supporter Spouting off on Ha you think the US price is great wait till you see what the Board will get us. Is this man completely brain damaged (sorry but what doesn't compute)or what the latest PRO from his beloved CWB shows that as it sits right now Month 07 of 12 and Average price for #1 14.5 is wait $10.67 - freight and OH heck its just under $9.00 a bushel.
Durum is even more of a disappointment since its rise began earlier.
Last time I checked on Monday it was $21.00 a bushel Well even after the Week from Hell its still $16.50 in the Pit.
Now The other comments about Vote etc.
Lets kill this beast and get on with our lives.
SHOW ME THE MONEY CWB SUPPORTERS> answer is simple the blew it same as they always do.
Also their programs don't work Check out the US malt barley prices for next fall and Spring wheat plus Durum. All way higher. The DPC is another Joke ND average elevator closed today at $16.50 the CWB is at $14.67 today MGE dropped at .36 yet we lost .83 cents.
Every Move this Useless organization does Hurts farmers.

[SASKFARMER3]

Any one else at Regina lets share these genius farmers comments.

[ProFarmer]

when marketing my wwheat on a basis price contract why is there two basis. One the elevator one for freight and handle i can agree with,but the one for the CWB of a dollar plus I can't. When I sell my canola I have 1 basis lets say 30 Barley, oats ,flax, feed wheat, etc. Why does the CWB need to take so much extra.

[freewheat]

It's all about the protection of the precious pools, for the old, out of touch, and nearly dead adherents to communism...

[Hopperbin]

A lot of CWB supporters I talk to tend also to think the world owes them a living. Since the thirties when the CWB got large amounts of federal money flowing. All along our ancestors thought the CWB was doing a good job. They did no better at extracting money out of end users than the open market. After they got the monopoly power the market went up but not because of the CWB. It is easy to see how the old guys want the CWB because they do not know any better.

[stubblejumper]

check out globe & mail on rizt's Regina meeting. not much support for Canadian Farmers for Just Me.

[TOM4CWB]

Hopperbin,

I think it is even worse than you think.

Many CWB supporters believe the CWB will look after them... do their 'due diligence', and make sure they get a fair settlement.

Nothing could be further from the truth... for many times... CWB contracted grains give much more to Multi-nationals... than they would dare to take... if we had market competition.

And then the Grainco's take the CWB lead... and proceed to take us on our other grains as well... because the CWB makes it acceptable and ethical.

WOW.

But NO CWB supporter wants to admit these facts... because they then would be required to admit... that they were deceived.

No more Wheat (Tooth) Fairy to believe in! It simply would not be worth grain farming any longer... if the 'Wheat Fairy' didn't exist!

[TOM4CWB]

Stubblejumper,

"not much support"?

1.) not much support for paying off loans and bills from market revenue?

2.) not much support for building a stronger community based on hard work and ethical respect for our neighbour?

3.) not much support for wanting the best for our next generation of grain growers?

NOT MUCH SUPPORT... for those who would rather have a hand out than a hand up!

Stubblejumper... which would you rather have?

Or do you have livestock and want cheap feed induced by the CWB lack of market transparency?

Or WHAT?

[stubblejumper]

tom you talk one thing and do the oposite. is it on purpose or are you that simple minded?

[SASKFARMER3]

I don't understand how in today's information age how these guys (CWB Supporters) cant pick up a phone and dial a US elevator and Ask how much they are paying for #1 Durum or Barley (Malt) or HRS dumped in pit (Freight off). The dollar is virtually equal so they don't have to do the math on exchange. Then phone the CWB and ask what using all Math is the price prospect for their grain and delivery point and then Subtract the two for the answer.
US price is
Way Way Way better than our expected price.
But then the excuse will be its a spot price. That's been constant all winter and fall.
Ask about Malt Barley to Anhauser Bush VS the CWB program.
Again its just a little beer company buying product.

[winwin]

Why would they care how much wheat is really worth?Few of them actually grow any.OR they work for or get paid by the board OR they have got their special sweet exemption like the NFU deal.

For these guys its great!Keep you in while they are already out.

[agstar77]

S3 and ww, when was the last time you phoned to the U.S. for canola prices? Or for that matter oats prices? You will deal with your local brokers first. Lets draw the picture of western farmers calling terminals in the U. S. and sending loads of grain across the border. It isn't going to happen with or without the CWB. Get a grip on reality, the CWB debate is only about philosophy not reality .

[TOM4CWB]

Stubble,

"tom you talk one thing and do the oposite. is it on purpose or are you that simple minded?"

WHY DON't you (Stub) answer the questions...?

How much of your net income actually comes from growing wheat and barley?

[jensend]

maybe one of the market analysts can produce this information or indicate where it's available. i would like to see the distribution of wheat and durum sales in the usa in different price ranges (like one dollar increments) so that a weighted average could be calculated. this would be the only way to evaluate cwb performance. they are supposed to have marketing expertise but some american farmers pay good money for market advice as well. anybody who's done any marketing on their own knows that the price goes to an extreme high because there's very little in stocks and rarely because hundreds of thousands of farmers simultaneously locked the bin doors.

[charliep]

USDA does do weighted average prices. See the average and note 2 below. In general, read the footnotes.

http://www.ers.usda.gov/Data/Wheat/YBtable20.asp

I will note the CWB does this and uses as a performance measure in the annual report. Perhaps this data should be published or provided by an agency outside the CWB through an audit process. See the annual report.

Quote bottom page 43: "The wheat pricing model establishes the pace for pricing the wheat pool. The pace is denoted as the target price pace. Pricing with the model is a combination of actual sales activity and derivative trades. Pricing is more or less than the daily "target" amount is regarded as the discretionary sales activity. Daily sales and derivative transactions are benchmarked to the current futures market prices at the end of each day. In a rising market, as was the case in the summer and fall of 2007, results will be negative if the actual amount of the wheat priced exceeded the amount to be priced by the target pricing pace. Tonnage priced at earlier price levels will produce negative results when these positions are closed out at the market price above the level at which they were initiated."

Without going into the prices themselves, the benchmark is based on CWB actual and derivative sales over time period - likely from March 2006 to September 2007 or 18 months. Using wheat ex durum as an example (15.5 MMT pool size), the benchmark assumes the 28,700 tonnes every day over a 540 day period were priced at the market over the whole. This could be weighted but will let someone else fill in the gaps.