What is the CWB doing?

[Incognito]

Cropduster:

T.R.U.S.T.

The Russian Union Socialist Tyranny

TRUST

LOL...

[boone]

cropduster I'm in total agreement with you on carry of inventory. I say if your going to be in the biz of selling on grain growers behalf, when it comes to feed grains I would prefer a vacuum. It sometimes drags in Corn etc. but that would be the indication to strong holders to either blink and sell or hold and go blind. When market has the mentality that it will be there when they need it, the basis gets fat, and my babies go hungry.
Tom4cwb, you are mostly correct however cwb isn't the only ones forming value for cropinsurance (Provincial and Federal Ag. Bureaus) but leave me room to vacilate on this and you can revisit your firm opinion when needed. (grinnin)

[rain]

Does this mean you guys feel the carryover each year is unpriced or unsold grain? I alsways thought the carryout would be sold but defirred delivery?

[cropduster]

I`m thinking it`s the stuff left in yours/mine /our bins.Why would the CWB dirty their hands with it if they don`t need it immediately?Much like the Durum situation right now (although not a feed grain).Farmers will store it and look after it unquestionly(except for Tom!)so why would the CWB need to get excited about selling it??Oh yeah ,forgot,they are waitng for the best price,just like last year.......

[rain]

In my mind the carrout easch year has to be taken with the fact it id sold or it would not be in the system. Unsold grain except for durum would be on the farm.

I do not think your wheat carryout has anything to do with domestic prices unless the CWB sells into it.

I know for a fact however the PRO does help set the feed wheat bids.

[boone]

rain: you are lucky. I don't know anything for a fact anymore. But stat's Canada monitors all grain commercial and on farm and Ag Canada posts all estimates. So I agree with total supply in the country being a negative to price.

[TOM4CWB]

Rain and Boone;

We have known for many years, that Feed Barley has been disadvantaged by pooling. Commissioner Beswick stated it in the spring of 1996, after he was stabbed in the back over the creation of a cash CWB feed barley market by Commissioner Hehn.

The Western Grain Marketing Panel clearly found that a cash feed barley price was critical to arbitaging world feed grain prices... Sept 2003 is a perfect example when $3/bu values were possible if arbitage had been allowed in the Alberta feed barley market. A cash price is critical to transparent movement and stocks management of feed grains...

CWB feed wheat is even worse with Thunderbay offerings @$225/t and pool PRO's @$139/t. This is a spread of $100/t.

What is the CWB doing marketing these grains... as has been asked a million times in the last 20 years?

[carebear300]

I have no idea what they are really doing but if I hear Ritter telling me on the radio one more time(advertisements paid for with our money) I am liable to puke right on the spot, hope it is in a provincial government office. Eknough is enough I don't think we should have to pay for the directors relelection campaigns. If they were doing half as good a job as they say we would all know it we wouldn't have to be told.

[boone]

carebear300: you would think a religion shouldn't have to advertise?