Sask Wheat Commission Report Excessive Basis aka Grain Companies Screwing Farmers

[walterm]

Transparency on sales and values in Canada has never been what it is in the US. Agree that it would be nice to see more, and in a more timely fashion. As far as this chart goes, not sure how much to read into it. For one the flat price sales values are for similar types of wheat sold out of the PNW and then assuming those values are repeated in Vancouver. There is also no time associated to when the sales snap shot in the US was taken vs the country price in Sask was taken. I will assume relatively close but its not apples to apples. I think if you could find an accurate port of Vancouver basis level, through a marketing source you can piece together what it "should" cost to get from SK to loaded vessel. $45 rail freight, $10 to put it through the in land elevator and $20 or so port costs or $75/MT just over $2.00/bu. Any spread past that is margin.

Farmers never did get info on individual sales but did get annual year end audited reports. Farmers asked for more transparency not less.

[Agvocate]

Farmers never did get info on individual sales but did get annual year end audited reports. Farmers asked for more transparency not less.

Yes, I was comparing what we see for sales vs. what the USDA spits out if there are sales made over a tonnage threshold. Doesn't give you a value but it gives tonnage, destination and marketing year. Canada gets CGC stats 2 months after they are completed loading. Thee breakdown and spreadsheet is actually pretty good, it just isn't timely.

[farming101]

Transparency on sales and values in Canada has never been what it is in the US. Agree that it would be nice to see more, and in a more timely fashion. As far as this chart goes, not sure how much to read into it. For one the flat price sales values are for similar types of wheat sold out of the PNW and then assuming those values are repeated in Vancouver. There is also no time associated to when the sales snap shot in the US was taken vs the country price in Sask was taken. I will assume relatively close but its not apples to apples. I think if you could find an accurate port of Vancouver basis level, through a marketing source you can piece together what it "should" cost to get from SK to loaded vessel. $45 rail freight, $10 to put it through the in land elevator and $20 or so port costs or $75/MT just over $2.00/bu. Any spread past that is margin.

Ten bucks for elevation? Haven't seen that for years