Charlie;
Isn't it amazing that the non-board market the year after a CWB deficit will not pay any premium to what the CWB pays cash.
Feed Barley and CPS/low px CWRS wheat are a perfect examples right now. 90% EPO's are really netting the CWB large amounts of grain... and the CWB Merchants are making good money.
In a year when the domestic feed grain market is in depression... a transparent export outlet is critical to a grain farmer's existance.
If we had a export cash feed barley market... the CWB could have had double the signup into the export market...
as Sept 03 CWB sales were netting close to $3.00 farm gate Edm. I was told. We were offered the exact same $10/t premium in our Sept shipment as well.
With unit trains/shuttle trains terminals can offer this premium and still make a good profit!
Isn't it amazing that the non-board market the year after a CWB deficit will not pay any premium to what the CWB pays cash.
Feed Barley and CPS/low px CWRS wheat are a perfect examples right now. 90% EPO's are really netting the CWB large amounts of grain... and the CWB Merchants are making good money.
In a year when the domestic feed grain market is in depression... a transparent export outlet is critical to a grain farmer's existance.
If we had a export cash feed barley market... the CWB could have had double the signup into the export market...
as Sept 03 CWB sales were netting close to $3.00 farm gate Edm. I was told. We were offered the exact same $10/t premium in our Sept shipment as well.
With unit trains/shuttle trains terminals can offer this premium and still make a good profit!
Comment