Manitoba CWB Plebiscite results

[chuckChuck]

Craig. If the DPC and FPC aren't working for farmers why are they getting used more and more?

[chuckChuck]

CP. I didn't say the the domestic open market for barley was inneficient. What I said or should have said was the CWB cannot effectively manage feed barley domestically or internationally because it doesn't control all the supply. Most of the premiums are in malt as a consequence, according to Gray.

[peaqueen]

http://www.awb.com.au/NR/rdonlyres/F41B17F4-B8D3-4467-9E02-AADEC063FDD9/0/ITS_Global_AWB_Report.pdf

Fig 1.1 of the ITS Global Study on the AWB has an interesting graph on page 12.

It compares the AWB pooling price to the CBOT futures.

The AWB pooling price is most always higher that the CBOT futures price.

In similiar comparative graphs the CWB price pool is rarely above the CBOT futures price. Hence the assumption of CWB supporters that the pooling price is generally lower by average than the CBOT is disproven by the AWB graph.

I am sure Chuck can find reasons for this phenomena, but it is interesting to note graph the performance of the AWB when compared to the performance of the CWB pooling prices.

Is it possible Chuckeroo that the 20$ a tonne increased handling fees is somewhere in the lower average performance results in CWB returns to the grower?

[peaqueen]

Ok Chuckeroo then why not let us export feed barley, if the premiums are in malt?

[chuckChuck]

CP. I Didn't know that you worked at the CWB. Interesting. So in your opinion is the CWB a benefit or a liabilty to the average farmer?

[chuckChuck]

Peaqueen. I didn't look at the graphs you quoted but can the AWB prices be directly compared without taking in to account their relevative proximity to Japan and the rest of Asia and Australian shoter distances to port? Our inland freight position is much farther from tidewater than many of our competitors which directly impacts returns to producers.

[chuckChuck]

Interesting Quote from Former CEO of ADM: “The free market is a myth. Everybody knows that. Just very few people say it. If I am not smart enough to know there’s no free market, I ought to be fired..... You can’t have farming on a total laissez-faire system because the sellers are too weak and the buyers are too strong.” Dwayne Andreas, Former CEO of Archer Daniels Midland

[peaqueen]

and I suppose Canadian prices being lower has nothing to do with the 20 a tonne increased handling charges in board grains that we have in Canada. Canada.

Oh by the way I have two inquiries just today for feed barley:
one for 2 cars from the USA and another just now from a buyer in the Phillipines (who used to buy from Australia but since they are short they want to buy from us, go figure eh, they actually think we can just quote them like we do the rest of the commodities, silly folk eh!)

So chuckchuck how many tonnes do we lose to the export market because of this closed market and what action would happen if we could quote these, just like we do for other grains..

Had I been able to quote this I would have been in the market today for about 12,000 bushels of feed barley.
And again this is what we mean by the bidding action of a competitive market place and the impact upon pricing and price rallys. And the points made by others of the price limitations of lost sales. Incedently this
is another question you did not address in terms of the value of academic analysis, Chuckchuck.

[peaqueen]

PS
Chuckchuck the same buyers who are asking for barley will buy oats, and peas, and flax, and on occassion canola. I tell you this just so you can appreciate the freedom this concept of exporting commodities to the world.

[cottonpicken]

Keep your dress on parsley this is just guys debating.