Recent news reports have highlighted that Australian wheat farmers are receiving the highest price in history for their wheat.
So thought I should do a cross check on the CWB vs US export market sales.
I went to Internet site: - JO_GR850 Portland, Oregon - Tue Mar 27, 2001 - USDA Market News which links from the Minneapolis grain exchange internet site.
Bids for grains for 30 day delivery to United States export ports
in dollars per bushel are on this site.
I was very concerned with what I found!
It has been generally accepted that a #1CWRS 13.5 and a #1 DNS 14 spring wheat are equivalent in value.
We are approximately in the mid range of the trade in spring wheat over the last 7 months, and today’s prices at Portland and the Great Lakes Duluth are reasonable averages for the values of CWB PRO’s for CWRS in Vancouver or Thunder Bay.
1. #1CWRS 13.5 at Vancouver B.C., 2000-01 PRO$ 5.69/bu
#1DNS 14.0 at Portland Wash. March – April$ 6.68/bu*
2. #1CWRS 13.5 at Thunder Bay ON 2000-01 PRO$ 5.01/bu**
#1 DNS 14.0 at Duluth-Great Lakes March-April$ 5.35/bu*
(truck sales)
http://www.ams.usda.gov/mnreports/JO_GR850.txt
*US conversion at 1.56
**Standard 25.00/t deduct for shipment to St. Lawrence export shipping position.
How is the efficient CWB machine single desk monopoly returning me more, when they are loosing my farm a dollar a bushel?
Why are Vancouver Sales still cross-subsidising Thunder Bay Sales?
Could someone please explain why the CWB black hole is sucking up all this money?
So thought I should do a cross check on the CWB vs US export market sales.
I went to Internet site: - JO_GR850 Portland, Oregon - Tue Mar 27, 2001 - USDA Market News which links from the Minneapolis grain exchange internet site.
Bids for grains for 30 day delivery to United States export ports
in dollars per bushel are on this site.
I was very concerned with what I found!
It has been generally accepted that a #1CWRS 13.5 and a #1 DNS 14 spring wheat are equivalent in value.
We are approximately in the mid range of the trade in spring wheat over the last 7 months, and today’s prices at Portland and the Great Lakes Duluth are reasonable averages for the values of CWB PRO’s for CWRS in Vancouver or Thunder Bay.
1. #1CWRS 13.5 at Vancouver B.C., 2000-01 PRO$ 5.69/bu
#1DNS 14.0 at Portland Wash. March – April$ 6.68/bu*
2. #1CWRS 13.5 at Thunder Bay ON 2000-01 PRO$ 5.01/bu**
#1 DNS 14.0 at Duluth-Great Lakes March-April$ 5.35/bu*
(truck sales)
http://www.ams.usda.gov/mnreports/JO_GR850.txt
*US conversion at 1.56
**Standard 25.00/t deduct for shipment to St. Lawrence export shipping position.
How is the efficient CWB machine single desk monopoly returning me more, when they are loosing my farm a dollar a bushel?
Why are Vancouver Sales still cross-subsidising Thunder Bay Sales?
Could someone please explain why the CWB black hole is sucking up all this money?
Comment