Flex pro at 347.79 Hrsw ...how's farm link doing?

[timm]

Cwb at 50 % sold

[bucket]

Is that the program that you had 2 weeks in july to sign up?

What happens if the crop goes to shit after you sign a contract?

[vvalk]

Timm. So you are selling 100% at this price? Have you sold any of your product yet? How did you pay for your bills, by selling canola at a horrible basis because you couldn't deliver any wheat and when you did you got a buck for it. Are you going to wait a bit again to pick the highest price to date and then compare to a whole year pricing strategy. You aren't that naive to try to compare this way. How was the flexpro last year? They screwed you all year on it and is why I didn't sign up again for it.

[charliep]

Neither the flexpro or the fixed price contract have anything to do
with the market prices directly. They are both tied to the pool return
outlook. A pooling derivative as Larry called it recently. The
difference between the two is an adjustment factor. Flexpro is better
in a rising market (keeping in mind when you have to sign up). Fixed
price contracts in a falling market.

The producer payment options are one of the first issues the new
board of directors will have to deal. Both in terms of providing
products farmers can use in their marketing plans and in designing
risk management strategies to protect the CWB pooling
system/exposure. Hopefully the skill set is there.

[charliep]

Freudian slip. Fixed payment contracts. FPC and flexpro have nothing to do with price.

[timm]

Cash price Sun Prairie Grain Minot 13.5 pro
7.70...about same as FPC .Flexpro .50 better!!!!

[LWeber]

Billings, MT Area - in USD
13 pct
7.13-7.28

14 pct
8.78-8.93

15 pct
9.98-10.13

Use this one Tim - it is closer to you than Montana is.

http://newcentag.com/index.cfm?show=11&mid=6

[TOM4CWB]

timm,

I never asked for, or gave permission... to the CWB... to put one kernel into the CWB pool accounts... let alone holds full of my families resources.

CWB; Confiscating Wheat & Barley.

There is a thief on the loose... I need help to stop that criminal!

I do not quite get it timm... are you aiding and abetting the thief... or helping us cuff them?

[timm]

We actually have more options than a US farmer
delivering to Sun Prairie Grain in Minot.....

[TOM4CWB]

timm,

It is just stupid to force me to sell our wheat as milling... before we harvest it and know the quality.

The CWB knows this... you know this... and the thief in the room is an elephant who needs to get out of our grain bins and bank accounts.

The elephant is the pool accounts... the CWB is just stupid to keep stealing from PPO contracts to feed pool returns.

We need a cash price with no pool tax, 12 months a year. We need to be paid the carry in the market if we sell late in the crop year... or to be able to sell into the next crop year if we save the crop. The CWB used to do this.

timm... you must admit there is a very long way to go on the CWB ppo system!

[timm]

You can price today,well before 9 oclock ,and get
same as a farmer from Minot selling to Sunprairie
Grain so what r u wining about !!Some pricing of new
crop at these profitable levels with the click of a
mouse ,no margin calls etc.,is a must!!Some basis and
grade risk but no big deal!

[TOM4CWB]

Timm,

Grade risk... no big deal. Missing a good $2/bu... but better than nothing... I hear you...

[charliep]

In a CWB world where basis has varied from $30 under to $40 over, what new crop basis would you use for 1CWRS 13.5 protein?

[URL="http://www.cwb.ca/public/en/farmers/producer/historical/pdf/basis_cwrs_cwhws.pdf"]CWB historical basis[/URL]

There is also the comment (you can disagree) is wider basis seems to have been a mechnism to top up the contingency fund.

You can also comment on the durum fpc. If normal futures hedging does not work, why not a cash plus for durum?