Setting basis is the biggest challenge/problem with the fall price forecast. The basis of $45 under the converted MGE price did not conconcieve of a $38 over adjustment 1CWRS 13.5 for the fixed price contract. Similarly the spreads (both grade grade and protein) are wider than normal. There are substantial differences between the 2CWRS 11.5 protein wheat PRO and the calculated AFSC fall price.
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Ontario Risk Management... to counter subsidies?
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