Rain: MY answer is confirmed by what charliep and chaffmiester have stated.
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Chaffmiester;
I really have to wonder if the CWB sold any wheat in Sept-Oct 02, at the highest prices?
From the stock numbers, if we take carry over July 31 tonnes, and subtract the actual shipped wheat so far since Aug 1, 02... plus the fact that the 2001-02 pool shipments don't end till some time in October 02... this leaves a very small amount of shipped 2002-03 in the pool accounts.
Does anyone understand how Chairman Ritter proclaimed 45% 2002-03 CWB grains exported by Dec 31, 02 could be possible?
DOes this mean that CWB exports will even be smaller than anyone thought?
I guess the CWB will depend upon net interest earnings to be the risk management for them this year, and with the profit from PPO contracts, they can still show decent prices... no matter how they sell our wheat!
Now that's performance...!?
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