CWB's little black book

[Fransisco]

While we're at it Rod, you have no credibility until you go public with your little black book. As long as you keep the numbers and methodology used a state secret no one has any reason to believe you.

[Vader]

The simple average price is irrelevant. The only thing that matters is what is actually sold. Does it matter one iota that the Minneapolis futures got up to $25.00? Duhhh. Well NO!! There was no volume done at that value.

Does it matter when the spot market for old crop flax goes through the roof when there is virtually none left to sell? We've all been there. Those values only happen after the majority of the crop has been sold.

Why do you insist on quoting spot prices? Because it supports your flawed analysis of the Boards performance. No matter that it is entirely flawed

The individual CWB sales values are irrelevant to this discussion also. What is relevant is at the end of the year, how much was sold at what price. That is exactly what is reflected in the PRO's.

[bucket]

Vader

My wheat is still in the bin and you just got finished saying the cwb is making sales at these high prices. Good - just show me the money.

My peas were in the bin and I got shown the money - 12 bucks a bushel.
Hauled in and no waiting a year and a half for the rest.

I don't like financing a team of incompetent people.

And maybe you could confirm the sale of old crop wheat to Iraq for $2 per bushel below the US new crop price.

Put the facts out there and people will judge if you are getting a premium.

[Fransisco]

Okay Rod lets have a look at what you got here. You want us to compare the PRO with the weighted average prices in North Dakota.

1. Can you provide us with a link to this USDA data that you are referring too?

2. And a link to an explanation of how the weighted average calculation is done?

I found the national numbers but have yet to find the North Dakota data set. As far as I can tell from the national data set it is based for sales on all classes and grades of wheat combined. It doesn't look like they separate out 1's, 2's, 3's and the various protein levels.

If that is indeed the case which CWB class and grade do you propose we compare too? I would suggest it would have to be all of them to be a fair comparison.

[Fransisco]

And by the way the simple average price is not a "spot" price, it is an average and it is highly relevant especially when you can't beat it.

[Vader]

ooohhhhh a simple average is not a "spot" price. It is an average of the "spot" prices. ooooohhh

[Fransisco]

Okay lets see the USDA data Rod/Vader. Where are the links?

[gregpet]

Vader, Agstar still no response if my information is correct or not. Aresponse would be nice.

[Hopperbin]

Vader what is wrong with quoting spot prices. So where then did all the money go from selling all the fixed daily price wheat for under net to the farmer. So the Pro is likely 1 to 2 dollars per bushel higher than it should be because so many good farmers donated from their bull shit fixed priced. These books need to be opened.

[TOM4CWB]

Hopper,

AMEN.

You got this right... we paid... and Vader takes the credit.

What a professional way to do business.

[Burbert]

If the CWB could get, 1,000,000,000 per bushel for grain this year. The marketeers on this site, would say, it's not enough, they could get 2,000,000,000 for the same bushel of grain. Doing it all with the assistance of their home PC and telephone. LOL inf

[bucket]

burbert/vader

Vader's thread about farmers making millions and millions caught him double speaking again.

In that one he said perhaps the cwb cost the rich farmer 5 bucks a bushel for his durum. You can't just cost one farmer $5 a bushel - you cost all farmers.

Lets do the math. 5MMT = 183,700,000 bu of durum times $5 equals $918,500,000.00 !!!! yep thats pretty close to a billion and thats giving you mental giants the benefit that you only cost farmers $5 per bushel.

One question for vader - To become a liberal does your shoe size have to be bigger than your IQ?????