Some one explain why HRS is at $5 all over the world but not here?

[SASKFARMER3]

Some one kindly give me a reason why we are so out of touch with whats happening in the real world on grain prices.
Almost every point in the US that I phone is close to 5 or better canadian in farmers pockets. Australia is totaly nuts, but it seems every where you look its at 5 or better but here we get a interm of 3.16 for #1 HRS 13.5.
Selling it for feed wheat is starting to look really good. what a great canadian system.
ITS A JOKE!

[wd9]

Because you live in the land of opportunity - the opportunity to take the price, not discover it.

[Vader]

PRO for #1CWRS 13.5 is $5.93. That should net you close to $5.00 after shipping and handling. That is the pooled price which you would have chosen to stay in months ago and therefore includes sales going back to before planting.

If you chose not to be in the pool your options are still open.

[Incognito]

1 CWRS 13.5 5.93

Estimated SK return from the CWB website:

$4.36 a BUSHEL


http://www.cwb.ca/dom/db/contracts/pool_return/pro.nsf/WebPRPub/2006_20061026.html?OpenDocument&CropYr=2006-07

[Vader]

If you took a Daily Price Contract you could lock in $6.41 for #1 CWRS 13.5/

If you thought you could do better in the US you could use your DPC to lock up a spread for moving your grain across the border.

Again if you chose to stay in the pool you might actually do better at year end than you would by pulling the trigger today. You've read the postings here. Some people are very bullish. New sales at higher values will pull the PRO average higher, albeit with the historical sales built in.

There are lots of choices available to you besides whining about the initials and pretending that the initial price is your only revenue on the sale.

If you had been selling into the cash market how much of your grain would you be specualting on today and how much would already be in the hands of the grain trade????????

[northfarmer]

Vader....I have locked in the market highs for both CPS and My 1 CWRS on DPC's and FPC's....I am still .60 to .70 cents off the real market because of the basis and other variables at the boards disposal...plus the pool results will look better when they blow over the contingency funds (another story all together) and spread some of my marketing profits back to those who pooled.....

[silverback]

Yes that Evil grain trade again. You just can't trust them at all. How dare they allow the price to go above a breakeven level.

[AdamSmith]

Saskfarmer3,

The reason is because the costs of the single desk system will always put the prairie farmer at a disadvantage to the rest of the world.

[wilagro]

AdamSmith: Surely you jest. If the Americans HATE our CWB then it MUST be doing something right.

[Incognito]

Vader:

"PRO for #1CWRS 13.5 is $5.93. That should net you close to $5.00 after shipping and handling."

When is the last time you delivered grain into an elevator/terminal?

Or are you like Wells and would have to sign a stat declaration to vote because you haven't delivered grain to the CWB for two years?

Or was the $5.00 thing just out of frustration...that i can understand.