Comments to Manitoba Security Commission on the WCE's Move to Electronic Trading

[chaffmeister]

Just a couple more points:

1. The 01/02 feed barley pool was 54,373 tonnes that generated $9.505 million in revenue. If we assume that 30,000 tonnes went domestically (as the CWB indicated) and we assume the price to be $190 (against a $195 market indication), that means domestic sales generated $5.7 million, leaving $3.805 million for exports. This would mean the average offshore sale price was $156.12 per tonne.

Compare that to the PRO of $179.59/t. Also begs the question - why did the CWB sell anything offshore that year - the domestic market was never that low that year. It should have sold everything domestically, which then begs the question, why should the CWB be in barley at all?

2. Just to get us back on track - how is it that the CWB can justify such poor performance when it is using the same tools as the rest of the market - WCE feed barley futures?

[TOM4CWB]

Chaffmeister;

VERY good points!

Care to comment on #1/2CWRS wheat over 13.5px... which is gaining over a dollar a bu. premium... in the US?

Where are these premiums in the CWB system?

The CWB says they can match US prices any day... any time.

RationAL; where are our no-cost export licenses? Must you funnel all grain thru CDN elevators, railways, ships going east... is this the real purpose of the CWB legislation!

Hold down prices...

Force Ag. produce into the CDN AG/Industrial economy at a cost to them of less than the cost of production... the majority of the time...

Control Western grain Farmers by limiting income, whenever needed.

If I am elected... certainly these above issues will be dealt with.

What about you RationAL... where are you at? DO you agree that $1.60/bu 58lb and above feed wheat is a fair farm gate price?