$4.00/New Crop Feed Wheat

[rain]

December feed wheat delivered Central Alberta $4.00 Delivered

[Incognito]

CWB PRO 04/05

1 CPSR 170.00 4.63/bu

Can u get it to Vancouver for $23.00?

Where's Boone when ya need him...

[rain]

A $170 PRO would make about $128 Calgary or $3.48 PRO. What is the HRSW PRO for next year?

[melvill]

This'll light a little fire under the non-Board/Board argument about feed types of wheat like CPSR. Today (Mar 24) the CWB's Fixed Price Contract for CPSR was $157.00/t ($4.19/bu.) assuming a $44/tonne or $1.20/bu local deduction.

From a straight price risk management situation, it'd be a good idea to move to 25% of new-crop CPSR priced at that level.

[rain]

I could not beleive the numbers. HRSW is looking really fine as well.

Could these prices mess up the CWB?

[melvill]

Analysts I respect are suggesting to get new-crop wheat 25% to 30% priced using CWB Fixed Price Contracts for all wheats at today's price levels.