Agstar77;
I see on DTN Dec 2/05:
That World durum production is estimated at 27 million MT, down close to 20% from a year ago. Canadian durum production is up only about 8%.
CWB EXPORTS of DURUM SLOW. The CWB is blaming a higher Cdn $ and higher US/Cdn. supplies for their problem. CWB PROs have been lower for some time. The middle of PRO for 1CWAD 13% durum is currently about $4.14/bu at the elevator.
Since Spain and south western EU are short... there should be reasonable markets IF we price into the market at a fair value.
VADER... what gives here? Who made the decision to short the market... CWB directors of the CWB staff?
With the mixed signal out of Winterpeg... I must assume that the CWB Board of DIrectors were the primary cause of the 50/80% acceptance policy announced last week.
Blind sided many folks... to say the least! Withdrawing when unsure of supply in one thing... stepping back with full bins... what gives here, we are going to loose market share.
Isn't there a better way to speculate than go long in the bin...
Vader perhaps a better signal to grow less would be a lower price to growers... NOT 50% acceptance in 2005?
I see on DTN Dec 2/05:
That World durum production is estimated at 27 million MT, down close to 20% from a year ago. Canadian durum production is up only about 8%.
CWB EXPORTS of DURUM SLOW. The CWB is blaming a higher Cdn $ and higher US/Cdn. supplies for their problem. CWB PROs have been lower for some time. The middle of PRO for 1CWAD 13% durum is currently about $4.14/bu at the elevator.
Since Spain and south western EU are short... there should be reasonable markets IF we price into the market at a fair value.
VADER... what gives here? Who made the decision to short the market... CWB directors of the CWB staff?
With the mixed signal out of Winterpeg... I must assume that the CWB Board of DIrectors were the primary cause of the 50/80% acceptance policy announced last week.
Blind sided many folks... to say the least! Withdrawing when unsure of supply in one thing... stepping back with full bins... what gives here, we are going to loose market share.
Isn't there a better way to speculate than go long in the bin...
Vader perhaps a better signal to grow less would be a lower price to growers... NOT 50% acceptance in 2005?
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