I'm struggling with my 2006 crop rotation. So many things to consider and so much uncertainty.
I'm planning on using bin run Wheat seed. I have AC Barrie and I have 5701 CPS Red.
My big dilemma is this: If CWB policy remains the same the Barrie is probably my best bet. But if we have a change in policy I believe the 5701 would make the most sense. Agronomicly I prefer the 5701. Its shorter straw, higher yielding and less prone to lodging. And in the real world it even has a greater value than Barrie.
But the price under the CWB is dismal and the domestic price for feed wheat is pretty crappy as well. But I know this wheat has good milling value and good money value as well, just not here in Canada.
Here is a summary of Portland Cash bids. I want to draw your attention to the comparison between DNS Prices and HRW prices. DNS 13% protein is $4.86-$4.94, HRW 13% protein is $5.01-$5.03. Barrie is a DNS equivalent, 5701 is a HRW equivalent. So in the U.S Free Market 5701 would have an avg. price advantage of $.10/bu over and equivalent Barrie. Yet in Canada 5701 has a value that is $1.30/bu less than an equivalent protein Barrie.
How can anyone defend this debauchery of reality by the CWB and the Canadian Grain Commission. Were losing millions if not billions because of this situation.
JO GR110
Portland, OR Fri Feb 17 2006 USDA Market News
Portland Daily Grain Report
Bids as of 11:30 a.m.; Subject to change
Bids for grains delivered to Portland, Oregon during February
by rail or barge, in dollars per bushel except oats, corn and
barley, which are in dollars per cwt. White wheat bids are for
periods as specified. All other bids are for full February
delivery.
March wheat futures closed higher by 7-1/4 to 9-3/4 cents per
bushel compared to Thursday’s closes.
Bids for US 1 Soft White Wheat for February Portland delivery
advanced by three to four cents per bushel in response to higher
Chicago March wheat futures on Thursday and today.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for
February Portland delivery advanced by five to nine cents per
bushel in lining up with higher Kansas City March wheat futures,
although some exporters were not bidding for hard red winter
wheat due to adequate nearby pipeline supplies.
Bids for 14 percent protein US 1 Dark Northern Spring Wheat
for February Portland delivery trended seven cents per
bushel higher than Thursday’s noon bids. Higher Minneapolis
March spring wheat futures were supportive to bids.
Bids for US 2 barley were not well tested. Most exporters
were not issuing bids for February delivery due to lack of new
export demand.
Bids for US 2 Yellow Corn were well not tested.
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
Feb mostly $ 3.58 , ranging $3.56 -3.60 up 3-up 4
Mar $3.58 -3.60 up 3-up 4
Apr $3.59 -3.62 up 3
May $3.62 -3.64 up 2-up 4
Aug NC $3.68 -3.76 up 3-up 4
US 1 White Club Wheat - Rail/Barge delivered
Feb mostly $ 4.03 , ranging $3.93 -4.06 up 2-up 3
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protein mostly $ 4.60 , ranging $4.60 -4.67 up 5-up 9
10 pct protein mostly $ 4.60 , ranging $4.60 -4.67 up 5-up 9
11 pct protein $4.74 -4.77 up 6-up 8
11.5 pct protein
Feb mostly $ 4.81 , ranging $4.81 -4.87 up 5-up 9
Aug NC $4.90 -4.94 up 11-up 13
12 pct protein $4.81 -4.90 up 5-up 9
13 pct protein mostly $ 5.01 , ranging $5.01 -5.03 up 7
13 pct protein - $5.01 -5.03 up 7
Milling Quality Montana Origin
US 1 Dark Northern Spring Wheat (with a minimum of 300 falling numbers and a
maximum of one percent total damage)
12 pct protein $4.46 -4.54 up 7
13 pct protein $4.86 -4.94 up 7
14 pct protein
Feb mostly $ 5.31 , ranging $5.26 -5.34 up 7
FH Aug NC $5.17 -5.29 up 8
LH Aug NC $5.12 -5.24 up 8-up 6
15 pct protein $5.50 -5.58 up 7
Guaranteed 15 pct protein NA
US 2 Barley
Unit trains & Barges-export (45 lbs.) NA
Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)
Delivered to Portland NA
Delivered to inland feeding areas NA
FOB inland Country Elevators NA
US 2 Yellow Corn
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland NA
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley NA
US 2 Heavy White Oats $6.3000 unch
Exporter offers on Thursday night for April shipment FOB shipped in
dollars per bushel:
US 2 or btr Soft White Wheat $ 3.62 up 2
US 2 or btr Western White Wheat $ 3.71 up 2
US 2 or btr Hard Red Winter Wheat, ord.% $ 4.80 up 9
US 2 or btr Hard Red Winter Wheat, 11.5% $ 4.88 up 9
US 2 or btr Hard Red Winter Wheat, 13% $ 5.08 up 9
US 2 or btr Northern Spring Wheat, 13% $ 5.04 up 5
US 2 or btr Dk Northern Spring Wheat, 14% $ 5.28 up 5
US 2 or btr Northern Spring Wheat, 14.5% $ 5.44 up 5
US 2 Barley $ 2.6225 unch
US 3 Yellow Corn $ 3.0025 up 2
Exporter Bids Portland Rail/Barge January 2006
Averages in Dollars per bushel
No. 1 Soft White $3.46
No. 1 Hard Red Winter (Ordinary protein) $4.37
No. 1 Hard Red Winter (11.5% protein) $4.58
No. 1 Dark Northern Spring (14% protein) $5.11
No. 2 Barley $2.39
Source: USDA Market News Service, Portland, OR
Martha Hansen (503) 326-2237
24 hour price information: (503) 326-2022
www.ams.usda.gov/mnreports/jo gr110.txt
1205 pdt mh
.
I'm planning on using bin run Wheat seed. I have AC Barrie and I have 5701 CPS Red.
My big dilemma is this: If CWB policy remains the same the Barrie is probably my best bet. But if we have a change in policy I believe the 5701 would make the most sense. Agronomicly I prefer the 5701. Its shorter straw, higher yielding and less prone to lodging. And in the real world it even has a greater value than Barrie.
But the price under the CWB is dismal and the domestic price for feed wheat is pretty crappy as well. But I know this wheat has good milling value and good money value as well, just not here in Canada.
Here is a summary of Portland Cash bids. I want to draw your attention to the comparison between DNS Prices and HRW prices. DNS 13% protein is $4.86-$4.94, HRW 13% protein is $5.01-$5.03. Barrie is a DNS equivalent, 5701 is a HRW equivalent. So in the U.S Free Market 5701 would have an avg. price advantage of $.10/bu over and equivalent Barrie. Yet in Canada 5701 has a value that is $1.30/bu less than an equivalent protein Barrie.
How can anyone defend this debauchery of reality by the CWB and the Canadian Grain Commission. Were losing millions if not billions because of this situation.
JO GR110
Portland, OR Fri Feb 17 2006 USDA Market News
Portland Daily Grain Report
Bids as of 11:30 a.m.; Subject to change
Bids for grains delivered to Portland, Oregon during February
by rail or barge, in dollars per bushel except oats, corn and
barley, which are in dollars per cwt. White wheat bids are for
periods as specified. All other bids are for full February
delivery.
March wheat futures closed higher by 7-1/4 to 9-3/4 cents per
bushel compared to Thursday’s closes.
Bids for US 1 Soft White Wheat for February Portland delivery
advanced by three to four cents per bushel in response to higher
Chicago March wheat futures on Thursday and today.
Bids for 11.5 percent protein US 1 Hard Red Winter Wheat for
February Portland delivery advanced by five to nine cents per
bushel in lining up with higher Kansas City March wheat futures,
although some exporters were not bidding for hard red winter
wheat due to adequate nearby pipeline supplies.
Bids for 14 percent protein US 1 Dark Northern Spring Wheat
for February Portland delivery trended seven cents per
bushel higher than Thursday’s noon bids. Higher Minneapolis
March spring wheat futures were supportive to bids.
Bids for US 2 barley were not well tested. Most exporters
were not issuing bids for February delivery due to lack of new
export demand.
Bids for US 2 Yellow Corn were well not tested.
US 1 Soft White Wheat - Any protein - Rail/Barge delivered
Feb mostly $ 3.58 , ranging $3.56 -3.60 up 3-up 4
Mar $3.58 -3.60 up 3-up 4
Apr $3.59 -3.62 up 3
May $3.62 -3.64 up 2-up 4
Aug NC $3.68 -3.76 up 3-up 4
US 1 White Club Wheat - Rail/Barge delivered
Feb mostly $ 4.03 , ranging $3.93 -4.06 up 2-up 3
US 1 Hard Red Winter Wheat - (Exporter bids-falling numbers of 300 or
better)
Ordinary protein mostly $ 4.60 , ranging $4.60 -4.67 up 5-up 9
10 pct protein mostly $ 4.60 , ranging $4.60 -4.67 up 5-up 9
11 pct protein $4.74 -4.77 up 6-up 8
11.5 pct protein
Feb mostly $ 4.81 , ranging $4.81 -4.87 up 5-up 9
Aug NC $4.90 -4.94 up 11-up 13
12 pct protein $4.81 -4.90 up 5-up 9
13 pct protein mostly $ 5.01 , ranging $5.01 -5.03 up 7
13 pct protein - $5.01 -5.03 up 7
Milling Quality Montana Origin
US 1 Dark Northern Spring Wheat (with a minimum of 300 falling numbers and a
maximum of one percent total damage)
12 pct protein $4.46 -4.54 up 7
13 pct protein $4.86 -4.94 up 7
14 pct protein
Feb mostly $ 5.31 , ranging $5.26 -5.34 up 7
FH Aug NC $5.17 -5.29 up 8
LH Aug NC $5.12 -5.24 up 8-up 6
15 pct protein $5.50 -5.58 up 7
Guaranteed 15 pct protein NA
US 2 Barley
Unit trains & Barges-export (45 lbs.) NA
Merchandiser Bids-Single rail cars-domestic (48 lbs. or better)
Delivered to Portland NA
Delivered to inland feeding areas NA
FOB inland Country Elevators NA
US 2 Yellow Corn
Domestic-single rail cars
Delivered full coast-BN NA
Delivered to Portland NA
Rail and Truck del to Willamette Vly NA
Rail del to Yakima Valley NA
Truck del to Yakima Valley NA
US 2 Heavy White Oats $6.3000 unch
Exporter offers on Thursday night for April shipment FOB shipped in
dollars per bushel:
US 2 or btr Soft White Wheat $ 3.62 up 2
US 2 or btr Western White Wheat $ 3.71 up 2
US 2 or btr Hard Red Winter Wheat, ord.% $ 4.80 up 9
US 2 or btr Hard Red Winter Wheat, 11.5% $ 4.88 up 9
US 2 or btr Hard Red Winter Wheat, 13% $ 5.08 up 9
US 2 or btr Northern Spring Wheat, 13% $ 5.04 up 5
US 2 or btr Dk Northern Spring Wheat, 14% $ 5.28 up 5
US 2 or btr Northern Spring Wheat, 14.5% $ 5.44 up 5
US 2 Barley $ 2.6225 unch
US 3 Yellow Corn $ 3.0025 up 2
Exporter Bids Portland Rail/Barge January 2006
Averages in Dollars per bushel
No. 1 Soft White $3.46
No. 1 Hard Red Winter (Ordinary protein) $4.37
No. 1 Hard Red Winter (11.5% protein) $4.58
No. 1 Dark Northern Spring (14% protein) $5.11
No. 2 Barley $2.39
Source: USDA Market News Service, Portland, OR
Martha Hansen (503) 326-2237
24 hour price information: (503) 326-2022
www.ams.usda.gov/mnreports/jo gr110.txt
1205 pdt mh
.