Ontario Millers' Association says a dual system is dysfunctional because the price of wheat goes up!

[TOM4CWB]

Adamsmith,

I may need some winter wheat to seed on my written off canola land, so don't dump it yet! Lots more like me, especially if rain doesn't come real soon...

I see the OWPMB pays $.07/t/day from Sept 1, $2/t/month wouldn't be bad, would it! Maybe the CWB should get the hint!!!

See the string on PPO's, I think the CWB is in a real squeeze, and big problems are coming home to roost...

They don't want big transfers into the 2002 PPO's of 2001 wheat, so they messed everything up to save their own hide... a totally disfunctional system that has no basis in reality...

What else can we expect from folks with such a.... view of marketing???

A person can make money from this PPO system, but it is at the expence of other farmers, and is wrong and immoral, so I agree avoid the PPO contracts....

[TOM4CWB]

Charlie,

I just read the terms and conditions of Agents for storage of wheat for the OWPMB @ http://www.ontariowheatboard.com/2002-04%20Agent-storage-app.html

I do not see how the agent can extract an amout more than what the OWPMB sells the wheat for under this storage contract!

OWPMB retains ownership and gives shipping instructions to the storage agent.

OWPMB also pays the agent directly for the storage at $.07/t/day.

Now what exactly is thalpenny talking about, I don't get it.

The only way a broker could raise the price of the wheat, is if the OWPMB had sold the wheat to that broker first, and then that broker is responsible for the market risk, either up or down, and the OWPMB pooling account no longer has the market risk.

And if anyone says that the broker can predict the market and skim extra off the top, they should try to be a grain buyer, and just see how much money their is in the grain business... just ask Nabors...., These people are hard working farmers who were trying to help other farmers... and what did they get..., not a big swiss bank account, just a wrecked farm...

I guess I should start a string on CGC bonding...