2004/2005 CPSR CWB Wheat

[rain]

CPSR CWB Wheat new crop Calgary region is $4.21 for 2004/2005 crop.

This looks really good.

[charliep]

A couple of other notes.

The CWB improved the basis on CPS wheat on Thursday from $15.20/tonne under the converted December KCBT wheat futures on Wednesday to $8.70/tonne under on Thursday.

The special contract CPS wheats get a premium of $10/tonne plus you are paid storage.

A good opportunity to price some in the next while or if bullish, lock in some basis.

[TOM4CWB]

Charlie;

I believe you have mixed up the Market Development programs.

http://www.cwb.ca/en/news/releases/2003/122903.jsp

Navigator Durum is a $2.50/t premium;

PR5700 CPS is a $5.00/t premium;

Select CWRW varieties are $10.00/t,

AND Hard WHite Kanata and Snowbird are to get a $7.50/t premium.

[charliep]

Thanks for correcting. How are these numbers determined?

[TOM4CWB]

Charlie;

It sure looks like the CWB is hot on CPS, a price of over $200/t today.

On DTN I see that both Egypt and Syria cancelled wheat tender sales... they said the prices were too low... would tender at an undisclosed later date.