Bet on the CWB

[CptnObvious]

Arguing with you lot is like arguing with creationists. You believe what you believe, evidence be damned. [ And before you get all exited and say it's me that doesn't believe evidence, double check to see that the 'evidence' you cite actually represents the difference made by the CWB, not just changes in world markets.]

[CptnObvious]

Hamloc, you missed the point so hard it had to be on purpose. The price of wheat in the years you mentioned was weak or worse but you were still paid for protein. In '12-'13, the first year without the CWB, the protein spread was almost GONE. The price was decent because of a tremendous shortage in the U.S. but you could have sold 14.5% as feed and it would not have mattered. Tracking historical protein spreads with the CWB, we should have got at least $40/t more.

[CptnObvious]

shtferbrains, shredded yes, but by the same guy that shredded those science libraries. Only this time Ritz didn't even try to say he saved anything digitally. Or save any of the history of the enterprise.

[farming101]

Protein spreads. Notice the bad old days in 06/07 and 07/08. The trend is hard to ignore too

[CptnObvious]

The CWB was proven a fair trader more than a dozen times in U.S. courts. A five year survey done not long before the CWB was murdered showed that Canadian wheat priced higher than U.S. wheat in American mills 59/60 months. The only time the CWB was subsidized by the taxpayer was once in 1935. The CWB was able to use its' reputation for quality to differentially price into different markets, and to make customers want 'Canadian' brand wheat. To say the CWB wouldn't work today because nobody cares where the grain is from because the CWB isn't there to make a difference is circular reasoning.

[CptnObvious]

101, you are one of the few here that can still think. I know the spreads vary but at the worst in your chart they are still $5/%. In '12 - '13 they were almost nothing. My research historically compared #2, 14.5% to feed and showed an average spread of $79/t. It was never worse than $40/t. My numbers also show spreads very narrow in the summer, wider the other 3 seasons. Don't know why.

[farming101]

The only time the CWB was subsidized by the taxpayer was once in 1935.

Other times the producer was called on...
The PPO program was flying high in 07/08 until the short position in Minneapolis caused a 467 million dollar loss and a hit to the whole program to the tune of 89.5 million

[macdon02]

It's dead

[CptnObvious]

101, the program had its' hazards and was replaced. Are you saying that that one $89.5 million loss( not subsidized by the taxpayer as was the original point... but not important...Oh wait, I see your emphasis) was worse than the $1b, $2b, and sometimes $3 billion losses in every year since the end of the CWB?

[farming101]

The 467 million hedging expense was real money