CWB LIVE PRICING AND MORE TIMELY PRO's ARE NEEDED

[Hopperbin]

Come on guys your ppos prices are going to suck this year. The CWB will be propping up the pros all they can. We are all stupid to take a fixed or Flex stupid price. Pro is where it is at because that is the only chance we have at the moment.

[mbratrud]

Yes Charlie you can sell the Futures and do and EFP after, but why should we have to? why pay extra brokerage? It just seems like an extra step. It is retarded that they put the price out at 3 and have it expire at 9PM? Why not price while the open and show guys the basis at the same time. I still don't have a good answer as to why this can't be done.

What percentage of Farmers do you think have a trading account?

[charliep]

Haven't seen any surveyed numbers but likely less than 5 % have
futures accounts. Not saying the best alternative but the only one
available in current for inter day trading. Also does not deal with
currency risk.

The first step to your concerns is to allow pricing/risk management
outside the current pooling system.

[chaffmeister]

Fixed price pools and PROs is the problem.

The CWB price to farmers should be nothing more than a basis - to be priced by the farmer at his discretion against the relevant futures market.

Pooling should mean pooling of CWB "benefits" or "marketing efforts", not futures (flat price).

Remember when the CWB took their foot off base a couple of years ago and decided to speculate in flat price and lost $229 million in the wheat pool account? That wouldn't have happened if the CWB's responsibility was for basis only.

[TOM4CWB]

Charlie,

This is supposed to be about "RISk management"

This market is haywire because there is huge risk... western Canadians are among those globally most at risk in production risk problems.

Trading futures solves none of these problems.

IF a frost comes... the carnage will be massive. We miss out on the premium prices... and pay HUGE costs to buy back pre-priced positions.