Any CWB huggers left around after the new crop year report. And after the old crop year performance at marketing our wheat and barley.
Present example of CWB inability to market our grain.
Montana Cash price for #1 DNS 14% Protein $5.40 Can./bus
CWB PRO for #1 CWRS l3.5 protein less freight and handling Alta $4.23/bus
CWB Asking Price St. Lawrence is $248/t or $6.79/bus.
I would assume that the asking price would be close to the cash price of the day at port position. That would translate into a cashprice on the prairies of $5.30 to $5.55 a bus. on a daily cash bases.
We as farmers are losing over a $1.00 a bus on wheat year in and year out by pooling our grain. Last year we lost as much as $3.00 bus. compared to cash pricing at the right time. I'am sure we all could have done better then the CWB marketers have done.
I also believe that the world price of wheat would be higher if single desk sellers like Canada and Australia would place their wheat on the open commodity market where buyers have to bid for their supplies instead of being garanteed a supply at an unbid price.
The CWB is also every good at telling the world how much and what quality of grain we have. If they want to keep a secret that would be one to keep.
P.S. Last year even on a very bad crop I lost between $20,000 and $30.000 marketing with the CWB. This year it is looking like over $80,000. Now would that help the agricultural society in Western Canada a bunch. Let see now 20 million tonnes times $40.00/t.
Present example of CWB inability to market our grain.
Montana Cash price for #1 DNS 14% Protein $5.40 Can./bus
CWB PRO for #1 CWRS l3.5 protein less freight and handling Alta $4.23/bus
CWB Asking Price St. Lawrence is $248/t or $6.79/bus.
I would assume that the asking price would be close to the cash price of the day at port position. That would translate into a cashprice on the prairies of $5.30 to $5.55 a bus. on a daily cash bases.
We as farmers are losing over a $1.00 a bus on wheat year in and year out by pooling our grain. Last year we lost as much as $3.00 bus. compared to cash pricing at the right time. I'am sure we all could have done better then the CWB marketers have done.
I also believe that the world price of wheat would be higher if single desk sellers like Canada and Australia would place their wheat on the open commodity market where buyers have to bid for their supplies instead of being garanteed a supply at an unbid price.
The CWB is also every good at telling the world how much and what quality of grain we have. If they want to keep a secret that would be one to keep.
P.S. Last year even on a very bad crop I lost between $20,000 and $30.000 marketing with the CWB. This year it is looking like over $80,000. Now would that help the agricultural society in Western Canada a bunch. Let see now 20 million tonnes times $40.00/t.
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