Our CWB at work

[Zaphod]

SAO PAULO, June 13 (Reuters) - Brazilian millers bought
three cargoes of western Canadian wheat totaling 80,000 tonnes,
the Canadian Wheat Board said on Wednesday.
The CWB also said further shipments were possible.
"One ship of western Canadian wheat has departed for
Brazil, another is being loaded and a third nominated," CWB
media relations manager Maureen Fitzhenry told Reuters in a
e-mail reply.
"I should add that this may not be the end of the vessel
nominations to Brazil," Fitzhenry added.
Brazilian traders earlier had reported purchases of
Canadian wheat by millers in northeast Brazil who received a
discount of $30 per tonne from the Canadian Wheat Board.
"They paid $190 per tonne two weeks ago, when the price was
$222 per tonne FOB," Lawrence Pih, president of Moinho
Pacifico, said, adding that the first shipment was due to
arrive at the end of June.
Canadian wheat is now about $230 per tonne.
Brazil's wheat is harvested in September, but won't be
ready for milling until October.
Pih said supplies would become critical in August, when
Brazil will be looking for U.S. or Canadian wheat.
Brazil is the world's biggest wheat importer in 2006/07
(Oct/Sept), purchasing 7.9 million tonnes. It is suffering from
a shortage of supplies from the domestic market and from
Argentina, traditionally its main provider.
Brazil's wheat crop was ravaged by frost and drought last
year. Output was only 2.2 million tonnes, compared with demand
for 10 million tonnes.
Some Brazilian traders forecast that Brazil could buy up to
2 million tonnes of wheat in 2007 from non-traditional
suppliers.

[Fransisco]

This is the money quote.

<blockquote>Canadian wheat by millers in northeast Brazil who received a <b>discount of $30 per tonne from the Canadian Wheat Board.</b>"They paid $190 per tonne two weeks ago, when the price was $222 per tonne FOB," Lawrence Pih, president of Moinho Pacifico, said </blockquote>

[Fransisco]

And a little closer to home we find this...

<blockquote> <b>CWB Premium Check ($$hhh! It’s negative, don’t tell anyone.)</b>.
Tuesday, June 12, 2007
by Rolf Penner

As of today’s closing prices the CWB fixed price contract is a full Buck a bushel lower than what can be found in Bottineau, North Dakota for new crop spring wheat.

Alton Grain Terminal is offering $5.84 Canadian(.94cent$exchange)per bushel for October 31 delivery.

The CWB fixed price contract backed off to Manitoba ($55.20 onne) is $4.82 per bushel.

The pool price comes back at $4.21 per bushel.

That works out to a net negative premium of between$1.02 and $1.63 per bushel going back to the Canadian farmer thanks to that wonderful CWB monopoly. That works out to a $20,000.00 loss for every 500 acres of wheat planted if you assume a 40 bushel per acre yield. Multiply that over the 16 million acres planted in western Canada this spring and it’s a cool $640 million dollars out of the prairie economy.

Can you feel the love? Or does some other emotion come to mind? rolfpenner@agripost.ca </blockquote>

[highwayman]

One would have to wonder what kind of third world math skills are being used when the CWB and it socialist cronies make the claim that they generate 800 million in premiums and benefits on an anual basis. I would suspect when the day comes that the complete monopoly is lifted on all wheat and barley there will be scandal after scandal unveiled exposing the CWB for what it has really done to western canadian farmers, styfle economic growth in western agriculture. Unshackle us quickly Mr. Strahl so we can enjoy the prosperity that our eastern counterparts take for granted before it is to late for the next generation of farmers.

[highwayman]

As of this year, and sadly not sooner, I am done with the western canadian wheat board. They have cost me nearly my livelihood, and I finally saw the light. I refuse to deal with them any longer, screwing around with their faulty pros, their unexplainable, and ridiculous payment options which don't tell me what is actually happening in the marketplace.
Oats, and canary, and now thankfully barley, winter wheat for feed/ethanol, will be my cereal rotation crops. I don't have to screw with fake basis levels, limited delivery, and waiting for my money from my grain after 18 months.
I have been fighting with the directors for a rebate on the money they blew on stress bonuses since Christmas. So far none have told me how that payout was a marketing cost.
All us freedom loving farmers should boycott giving them the satisfaction of bending us over, and robbing us blind, year after year after year, after...

[ProFarmer]

Yes the CWB has to go Ahmen.