Originally posted by CptnObvious
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101, I would look at loss of value during the 'sale,' loss of protein premium especially during '12-'13, lower port price relative to the U.S., and the really really big one: excess basis.
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True( I think) wmoebis, but sometimes if you can't look at the thing directly you can look at the hole it left.
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Protein payments non existent? Just sold some spring threshed feed wheat with 15.7 protein for $7.35/bushel. The elevator needed the protein. For what, I don't know, but I don't care.
I remember the good old days of the CWB, 3 bushel quota, waiting in line with a 3 ton truck. Picking up the check, barely enough to pay for groceries for the week.
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If you try to market wheat like you did when the cwb was around is a guarantee you'll put less in your pockets. If you adapted your likely winning or doing no worse. Times change and so does the skill set. It's definitely more work. Futures have done nothing but drop since 2012 excluding last springs blip.
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