Vader,
Talking about grade spreads:
The PRO on 1 CW Feed Barley (50lb/bu and more) is now $111/t.
But the initial is down $10/t instead of $6/t. What gives?
If the feds can put together a price for the "B" Pool on barley, in time, I don't buy the argument that the CWB couldn't have changed the spread... it had since Aug. 20th to fix the spread... and still hasn't done it.
This is about PPO's isn't it Vader!
Wash them through... get all the 1CWRS in, then the spread goes to pool holders instead of PPO flat priced contracts.
The initial spread is the basis spread for PPO's!
Simple.
The CWB is soooo cunning!
In other words DO NOT fill PPO's until the spread is changed!
Little late now... after the horse is out the open barn door!
Talking about grade spreads:
The PRO on 1 CW Feed Barley (50lb/bu and more) is now $111/t.
But the initial is down $10/t instead of $6/t. What gives?
If the feds can put together a price for the "B" Pool on barley, in time, I don't buy the argument that the CWB couldn't have changed the spread... it had since Aug. 20th to fix the spread... and still hasn't done it.
This is about PPO's isn't it Vader!
Wash them through... get all the 1CWRS in, then the spread goes to pool holders instead of PPO flat priced contracts.
The initial spread is the basis spread for PPO's!
Simple.
The CWB is soooo cunning!
In other words DO NOT fill PPO's until the spread is changed!
Little late now... after the horse is out the open barn door!
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