Dart VADER get in the real world the CWB doesn't do any thing to help us farmers, It is a hindrance and should be replaced. You sound like one of those guys who hasn't delivered any grain is sitting back thinking about how you made money in 1979 and life goes on. This is 2006 and the world has changed so has the CWB into a bunch of employee's who only care about their well being and not the owner of the product. We have a system which ties our hands as producers and every time a country comes to buy grain we just hand it over at a discount where as the US or any Subsidised country the farmers have to be coaxed to get the grain out of their hands thus a premium.
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Some one explain why HRS is at $5 all over the world but not here?
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Also Vader the Freight out of Saskatchewan takes it down to 4.63 in our area but guess what just south 60 miles its 5.60 Canadian freight off in my pocket.
So your right their just doing a wonderful job for me. Were out to lunch every year and finally as farmers maybe its time to kill this puppy once and for all. Also if their so good show me, and don't give me that crap that its confidential and just believe me and trust me I am doing a good job for you.
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wilagro, by your logic, the Americans hatred of North Korean nuclear weapons only proves that a nuclear North Korea is a good thing for the starving North Korean people.
Or the Americans hatred of terrorists is proof positive that terrorism must be good thing for the world.
You falsely assume the American quarrel with the CWB is based on envy, because envy is the foundation of leftist politics and policies.
The quarrel is based on selling grain into the US and around the world by a company that is not disciplined by way of a fair market acquisition price.
wilagro, I hope you have much more to hang your hat on than that feeble argument, because you need to do more than preach to the converted in order to keep the single desk. I guess I might as well say for the 1 millionth time that proof will be required, not that I'm expecting any though.
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ANYONE who thinks that ANY of these silly-anagrams-disguised-as-marketing-options actually HELP farmers get more for their crops CLEARLY hasn't ever used them in practice.
hmmmm.... and that reminds me i believe the CWB directors are disallowed from using the PPO's.
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everyone here seems to have selective memory or very short term.
honestly go back over the last year and do your wheat marketing without the benifit of hindsight. and do it as if the board didnt exist.
i have been trying to learn, using FPC futires etc. because whether i like it or not i think the board is toast.
go back to last jan. assume your in an open market,or the one we have .whats the plan.
everyone on this forum went nuts when the board only took 50% of n3&4 . esp. tom4cwb.
(he also wanted the doller hedged and the board to forward price into rallys) his marketing plan wasnt that great either.
i was annoyed too , so in effect we were all short no.3&4 sell sell no matter what the price. if we had our way the price would have been even lower.
feb march Minn wht is in the top 20% over the last 7 years. i had better hedge some. what would you have done? you have lots of options. fpc basis or go to minn futures.
i take a fpc at 4.25 net on 10% of
prod. now im long 90%
summer comes ,price keeps rallying,is this a summer rally. is it gonna be 3.30 by fall. decide.
im gonna need bin space. if its an open market do i sell now so i can deliver off the combine. avoiding harvest basis and price. decision time again. what did you do
i dump every old crop bushell i can into the new pool. to get the better price. im short old crop its priced 1$higher than i would have had.no thanks to my marketing.
but it is priced, i didnt buy a minn.fut to take adv of any future increases.
that sale will affect my final pool price.
i had lots of opportunity to get a basis at 60 cents over minn. if i thought i could do better. i didnt do it.
from summer to fall basis drops and adj factor comes in to account for earlier sales at lower prices .
what i hauled after harvest i consider priced. i would have sold in open market.bills to pay . How about you .
now were in nov. and the pro is 50 cents below market.
but it looks fairly decent compared to what i would have done in a open market , and what i actually did in this one.
the pool is an average, and we are still long at least 1/2 the crop.
if you guys can all do better , more power to you, its not like you didnt have options or tools to do it.
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HA!
Remember all these marketing genuises selling canola a month ago.They should kiss the boards feet for not letting them do damage to themselves.
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Cottenpicken, I envy you. No bills to pay or payments to make and only grain to sell. And only selling at the absolute top price of the market. No missteps for you at all. Wow, your just great.
Yeah, I sold canola a month ago and unlike you I consider it a good business decision to pay my bills and keep my accounts current.
In my world, It costs me over $100 an acre to grow the crop and I need to sell grain to pay the bills and make loan payments. I sold feed wheat today for $4.25/bu. But I'm sure you think I'm a moron for doing that because it's going to be $24/bu next fall.
Are you sure you don't work for the CWB, by the way you talk, thinking you alone know what's best for everyone else and if you don't do it the cottonpicken way, your an idiot.
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Sawfly;
I have maintained from the start... that the CWB should be the facilitator of the grower...
To market in a manner that returns each grower the best farm gate price... with personal responsibility being the principal.
1.) If a grower chooses to Pool... that is the growers choice... and right. However this is NOT a pool to swing in and out of... if chosen it is final for the tonnes signed in.
2.) By default then the CWB grower is a cash pricer... clearly in charge of the decision of when to price.
3.) Delivery can still be maintained in the same manner as is done today as one option... or a "Fixed Period Delivery" contract can be signed with harvest discounts and deffered premiums as required to maintain the required delivery schedule of end-use customers.
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Vader;
Last I checked the PRO was $207/t... http://www.cwb.ca/db/contracts/ppo/ppo_prices.nsf/epo/epo-wheat-2006-mhrs-20061120.html
With the $11/t off to fix the price.
http://www.cwb.ca/dom/db/contracts/pool_return/pro.nsf/WebPRPub/2006_20061026.html?OpenDocument&CropYr=2006-07
Says the average deduction for Alberta is $49/t.
That brings us to $158/t.
Guess what Vader... I just delivered a load of feed wheat to Picture Butte for $160/t. And the Montana price for our 1CWRS 13.5 is over $205/t... just a few miles to the South.
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VADER;
Talk About A DAY LATE and A DOLLAR SHORT.
We were in the process of signing up on the last day of the Daily Price COntract... when guess what!
Half way through the sign up process we discovered the CWB ended the DPC a day :::EARLY:::
Give me a break Vader, this monopoly is being run in more corrupt manner than ever before.
Taking massive adjustment factors off our FPC... before we even contracted the grain to the CWB:::!
Wasting $11M on the CWB building...
Planning to raise the contingency fund another $50M to rob FPC/DPC holders blind!
All the while dropping BILLIONS in compensation (offered by the Liberals) in the toilet and flushing it... because of the priceless "single desk" that is breaking us commercial growers.
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