Post CWB

[LWeber]

https://www.agriville.com/cgi-bin/forums/viewThread.cgi?1321876582

[wd9]

$short, was gonna sign a 2 tonne contract for
shits and giggles, data of course, but just couldn't
stomach it.

[Daylate]

because thats how the open market works mustardman. they were positioned well enough that they didnt need to bid so much on the higher protein wheat. Sell to a different company that needs it more. This is true transperency mustard.

[bucket]

talked to a farmer yesterday whose durum went 70 bushels per acre. On 2000 acres the gross revenue is $1,750,000.00.

I have heard similar stories around Kindersley and Swift Current of durum that went 50 bushels per acre. Now that is only $650,000 for a thousand acres but in that case the lentils and canola took him well into the millions as well.

I hear all the time here on angryville the time people like Saskfarmer bitching about the CWB because he can't get $17.00 for his durum and he blames this on the CWB.

In the case of a few rich farmers who can sit on all of their grain while the raging masses sell out early perhaps Saskfarmer has a legitimate argument. Perhaps we did cost him $5.00 per bushel on his durum. Perhaps it ran 50 bushels per acre and perhaps he had a thousand acres. And perhaps he could have earned an additional quarter of a million dollars.

I could argue that this is a zero sum game and that on the flip side there is another farmer that could have had the same 50 bushel crop on the same acreage base of 1000 acres and he could have sold his durum for $7.00 per bushel and for that farmer we made him an extra quarter million dollars. I could argue that for the health of the community it is better that the second farmer is able to pay down his debt and remain a constructive player in the industry and the community while poor Saskfarmer was prevented from expanding his farm by another section. The section that farmer number two may have sold after making his decision to sell his durum at 7.00.

But it is not a zero sum game. In fact we know that the CWB is asking $22.00 per bushel for durum today when the US elevator price reported here on Agri-vill is only $17.00. Now those elevators will sell your durum for $22.00 if they can get their hands on it.

So we see that for starters the CWB is keeping about $5.00 per bushel out of the handling companies pockets and putting it in farmers pockets right now.

Further we know that the average weighted selling price of durum in the US according to the North Dakota Wheat commission is about $10.00. This is further proof of the value of the CWB. The CWB has added to the bottom line of Canadian farmers on a 3 million tonne program an extra $73.00 per tonne or $220,000.00.

So yes the downside is that we kept Saskfarmer from buying another section of land where he might next year make enough extra money to buy out another suffering neighbor who had to sell a section to Saskfarmer.

The upside is that the Ag industry in Canada made an extra almost quarter of a BILLION DOLLARS.

And that is just on Durum.

Wait till you see my analysis on Spring Wheat and Malt Barley.

Rod Flaman
CWB Director - District 8
306-771-2823
rodflaman@imagewireless.ca

Oh and by the way. The CWB Rocks.

[bucket]

Actually what flaman doesn't realize is he kept SF3 from buying that quarter that the chinese or some other investment firm owns now.

Where is Vader now?

He could speak up now that he out of a job. He could also gives us his analysis on wheat. I, for one, have been waiting for it for some years now.

[HappyFarmer]

i guess he is to busy selling his wheat on the open market bucket!! HA

[TOM4CWB]

Mustard,

So where are the private trade supposed to get the $$$... when end users don't pay?

In the US 16px is the same as 14px (13.5cdn px).

But... don't confuse the issues with the facts... right Mustard...

[LWeber]

2011/12
USDA Weighted average farm price Durum: all grades - all protein levels

9.90 USD

2011/12 CWB PRO fro 1 CWAD 13.0 DELIVERED Saskatchewan

$8.05 CAD


Using the published transparent and accurate data from the USDA, as it establishes insurance payouts...

The U.S. blended grade and protein is USD$1.85 a bushel better than the single desk seller environment 1 cwad 13.0...

Marketing power...right

[ado089]

Mustard, If you pay everyone less for
their wheat you can make the protein
spreads anything you want, such is the
case with the CWB this year. The PRO is
also an imaginary number that behaves
alot like a balloon, in the sense that
the longer you leave it, the more it
shrinks. I wish you luck with the board
and hope it works out for you, in the
meantime I'm exercising my property
rights and choosing to market my wheat
elsewhere. So far on my little farm this
year I'm $18k ahead just on basis ($.77
compared to $1.61).

[bucket]

You couldn't wipe your ass with the paper the cwb PRO is written on.

Its not a contract, it is a made up number by Gord Flaten and his team. They won't and haven't ever put their jobs on the line with their antics.

The cwb started selling late, according to their own releases, that tells me they should have the highest prices available. They don't. So how did they manage to have the Japanese premium market in the palm of their hands and have lower returns to farmers according to their PRO?

[blackpowder]

I should just walk away, but...
In July i signed basis contracts for most of my wheat. Nov delivery. So far half gone. Yes my piles are gone before end OCT! And I didn't need 'PERMISSION'.
Have already rolled out to July on some. Now moving malt bags before end Nov!!! Anyone who says I'm selling for less money is calling me stupid!
Oh hell yes I want to go back.
Next project is a flamethrower after our grading system!!!!
The emperor never did have any damn clothes! Kool-aid is so accurate!

[wilagro]

Comparing the present open market system with the OLD CWB is completely POINTLESS.
Comparing the present system to the NEW CWB is even more POINTLESS as it has no record of performance to make judgements from.

Time will show what is advantageous for each and every producer and their particular crops and circumstance.

Those who trash or strike out at the old system are being disingenuous and are just being feces disturbers for no other reason than REVENGE against the old CWB supporters. Trying to get along with their neighbours might be a better course of action. The system has changed...why not just accept it and carry on farming without this constant rancor.