IF #2 plus #3 equals 50%, who should resign?

[parsley]

Anybody attend Grain World in Winnipeg?

I understand from several different sources that two items were firmly established in the minds of the participants:

1. Corn is king. Not wheat.

2. Wheat is priced as feed. Now that pays for your cruise, Adam Smith.

Have the CWB elected Directors done their job?

[chaffmeister]

Parsley - I wasn't at Grain World but I concur - corn is definitely king. But let's take it a step further. Corn economics in the US have shifted so dramatically that some are saying the long term equilibrium between corn and beans has shifted, in favour of corn. I've heard that the US will be producing so much corn that soybeans production will drop to the point of possibly requiring imports - from Brazil. This is very favourable for canola.

So when we translate this to the Canadian landscape, we should see even greater competition with wheat for acres.

Even though the CWB sees Canada as remaining as a wheat economy, it seems to me the trend to even lower wheat acres will remain intact for the next while. At least the market pressures appear to be in place.