Thoughts the CWB One Time Changes to Early Pricing Options

[charliep]

Just have my farmer advisor hat on versus the policy one.

I don't think farmers realize how different the new world is for the CWB and the impact it will have on their risk management approach. The removal of Government guarantees and the development of a contingency fund will likely see 80 or 90 percent of expected total payments common in the future. It will also likely mean shorter pooling periods, class based pools versus the one large one for non durum wheat, a disciplined hedging program for the pools, etc.

This will mean more marketing alternatives even in the CWB system.

[TOM4CWB]

Charlie;

Can't wait till the CWB gets on with class splitting.

On Hard White Earl said if White takes markets from red, then red must sell into markets like Iraq/Iran at very low value... the Hard white must cross subsidise CWRS.

Obviously the Same goes for HRW, CPS Red.

No wonder we can't get a fair price for winter wheat and CPS. It is impossible the way the CWB pooling works today.