Current Canola Bounce

[melvill]

Hey, Tom, if I am to believe you, the CWB or (not to mention any names) a company that promotes GMO wheat, is to blame for the SARS outbreak.

Please, let's keep the CWB debate to the CWB-related threads unless, of course as I heard suggested from a producer the other day, the CWB should be given the mandate for canola, too.

[parsley]

Don't even joke about things like that, melville. It causes nightmares.

Parsley

[rain]

melvill can you answer my question from before toms CWB boggie man behind every tree statement. Sorry Tom

[melvill]

Parsley, I MOST DEFINITELY AM NOT JOKING! In my work, I hear that idea about once a year from someone. Someone even once suggested that the CWB should take over marketing forage seed.

Rain, I don't get canola export prices directly from the export market because there is no place where it is traded in a transparent way. I get that info from a second source that likes to remain out of the public eye. However, I will find out if there is a public source for that info and pass it on.

Parsley, sleep well tonight. Grin!

[TOM4CWB]

Lee, you wrote;

“Hey, Tom, if I am to believe you, the CWB or (not to mention any names) a company that promotes GMO wheat, is to blame for the SARS outbreak.”


Can I assume this was from my Anti-Liberal outburst;

“there is a plague going on down east... and it is not just SCARS. It is based on Liberal corruption... that could not be sustained if Alberta was not sending 9 billion dollars a year to them... to keep them going!”

I thought I was HONEST enough to bear my soul... about risk management... which is central to discovering if we should be pricing... but I guess not... I brought up memories...

The memory of this Western Producer Article;

Bob Roehle will not listen in silence as farmers complain about the Canadian Wheat Board's performance in managing market risk.

As a public voice of the board, he figures it's his job to make sure that if farmers decide to dismantle the agency's export monopoly, they do it with their eyes wide open.

It could cost them the benefits of price pooling.

Annual price pooling is paying farmers an average price over a selling period to help stabilize producer income, he said.

"What you have is a big sugar daddy called the federal government who's underwriting operations of a $6 billion sales agency. What more do you need?"

If farmers understood how the board worked and the value of pooling, they might not be as anxious to embrace forward pricing, Roehle said.

Misinformation is being used to sway farmers to support breaking away from the monopoly, he said.

And within the board, it is often difficult to understand the opponents' point of view.

"There's a feeling within the board that we're on the side of angels and that if farmers could just understand the organization the way we see it, they'd understand."

So the CWB's BIG SUGAR DADDY, THE LIBERALS... have infected my mind... with a infectious desease directly involved with working with a "Sugar Daddy"... if you know what this is LEE!

My memory is very long... as it should be when dealing with risk management!

RISK Management is a very sexy word being used in the APF... over and over... yet the practical side hasn't even begun to be looked at.

What are the mental attitudes... that have been formed over generations of farming in the "designated area"... and how does actions by the CWB, plus our many different private marketers... of all our crops create the atmosphere of distress and chaos that many are feeling about risk management today.

Even you Lee... got offended when I brought legitimate risk management concerns to the table... and explained them as well as I could...

BIG Hug for you Lee... I am not offended... I hope you and Rain are not... I was trying to be helpful...

THe question is... and our Management team was tackling it today... should we be pricing Canola today... and for the fall of 03?

I am leaning towards... WE MUST GET STARTED... but I am afraid!

[boone]

Melvill; The last I heard of CWB getting in to Canola at high levels of discussion, the large grain companies put pressure on the fed Deputy Ag and Minister, and well they should have one of them used to work for them. But apparently they were downright threatened by major Japanese buyers. Now why would that be, were they tired of beating the board on price of high quality wheat and didn't want this kind of power they would wield punish us growers even more. Explain that for me if you would. Does no one else out here wonder how we can get price discovery on Canola when it isn't all going through the exchange. The side deals take away the Canola and you pure Winnipeg watchers only pull your pants on by the time it is being shipped.

[rain]

It sometimes gets tiring how some people in agriville always have to go back to politics. This thread started as a market question about canola.

Maybe they could set up a special area in Agriville so you guys can go there. We are suppose to be talking canola here.

[TOM4CWB]

Boone;

Fair is fair;

If the CWB is allowed to become "market choice" based... on all wheat and barley products... I would gladly welcome the CWB into marketing any grain it can do a good job with.. Canola, Peas, Beans, Flax, Oats...

You say the CWB can't do this?

Take a look at what happened today!

ODJ Louis Dreyfus Closes Hamburg Grain Trading Office
04/02 11:07a CST
By Claire Wilkinson

London, April 2 (OsterDowJones) - Louis Dreyfus has closed its Hamburg grain trading office, with the loss of two trading employees and four support staff, a company source told OsterDowJones Wednesday.

A company source said the reason for the closure of the Hamburg office was due to the changing structure of the German market where large farm cooperatives now have export trading desks of their own rather than using the expertise of shippers.

"The German market changed dramatically in the last three or four years - it was possible to run an office four or five years ago against the intervention, the barley etc., but now the market is controlled by three co- ops doing the job (exporting) themselves," the source said.

There is no reason the CWB cannot compete in an open and free market... and do very well... if it decides to do a good job and serve we farmers... fair and square!

[boone]

rain; if it helps you,take a look at melvill's comments above. The real point I was trying to make, is how functional is our Canola discovery price when side deals carry so much product away from market exposure. No more no less. And stay tuned I think we are going to design a better open market for HRS-Alberta Western Wheat,before the plutocrats do, right here with your help.

[melvill]

I was working on cleaning up after a flood in my basement last night while you guys/gals were adding to this thread. Now I'll try to respond to several of the posts at once.

Tom, I wasn't offended by your earlier post but, I have to confess, I'm getting kinda tired of there being very little discussion of anything other than CWB issues regardless of how the thread starts. My poke about SARS was a way of saying that with a little humor. Rain I appreciated you backing me up on that.

Tom, to me risk management away is more than managing "political" risk which is what the pro-anti-CWB debate is about. I believe risk management is . . . . sound of me biting my tongue before I go on a rant.

Rain, I haven't been able to find a public or transparent source for spot canola oil prices. I'll keep searching, though, 'cause now I want to know.