Bottineau Durum Price?

[Zaphod]

Benny, the ND price at all locations is much higher than the CWB and has been for at least 8 months. The US also exports durum and the world values are reflected in the bids made to ND farmers. Thus, that price is not just a US miller price, but is competitive in the global market (worked back to an interior price). So, if a million tonnes were sold to ND elevators, they would be able to turn around and ship it out to Italy or Morocco at a profit.

[Zaphod]

Oh, and by the way, the transparency in the US market is called the internet. Lots of prices are available at any time from at least 30 locations. And you can get all kinds of HRS prices too. The CWB must just hate that level of transparency. It kind of destroys their ability to manipulate the DPCs.

As far as the direction of the PROs, who knows? That would require a logical response to an illogical situation.

[AdamSmith]

Benny I'm sure you won't believe this, but in response to your above post, go to the following site as it will explain in great detail what you just can't seem to grasp.

Oh by the way, enjoy!

http://piv.pivpiv.dk/

[BennyHin]

Zaphod:

you said:

"Oh, and by the way, the transparency in the US market is called the internet. Lots of prices are available at any time from at least 30 locations".

first of all, the old cliche is never believe every thing you see on the internet (Zaphod: with respect to email spam, how much money have you sent to Nigeria? How many of those blue pills have you bought? What about those lovely ladies who want to "get to know you better", etc).

The internet is ripe with modern day snake oil salesman.

But what is the difference between the internet and the ability to use a a telephone on a regular basis to find out what various companies are paying for grain?

Did you know the telephone has been in most W. Canadian homes since the early 1930's?

Oh, by the way, with the advent of the internet and other technologies, the buyers have even more information at hand than you.

With improvements in remote sensing or satellite imagery, the 5 or so big grain buyers and national governments are becoming more educated as to what you are growing, and what your yields will be. The resolution of these satellites are quickly approaching a square meter capability, and the mathematical yield models are achieving R2 values that are providing very accurate yield predictions at a field specific level.

[Zaphod]

Have you ever gone to web sites of US grain elevators (most of them cooperatives)? Many of them post their prices daily. In Canada, only AU has ever had the guts to post their prices. And what you see with their prices is that they are usually the lowest prices you'll get. Why would any company in their right mind post bids above the market?

You're right, it's no different than the phone, just a little more convenient. You're starting to sound a lot like Oscar Leroy from Corner Gas. Just a crotchety old geezer who's against any new-fangled idea.

But if you want to act like farmers are stupid and incapable of marketing, then I understand your choice of the wheat board. I for one, give farmers way more credit than that.

[Zaphod]

One other thing. Don't give the governments and traders more respect than they deserve. When Stats Can came out with their census numbers in June, they found that they had been over reporting to the tune of 5 million acres (oops). What did that do to the grain markets. And I've seen the remote sensing output. For the most part, it's still guesswork. Wake up, there isn't a conspiracy.

[Zaphod]

BennyHin -- this isn't about Cdn farmers selling wheat into the U.S. At issue is why is the open market consistently paying so much more to U.S. farmers than the returns provided by the CWB, regardless of whether you compare spot prices or average returns? Remember it is the CWB (and of course Richard Gray at the U of S) that are always boasting about the wonderful premiums the Board earns. If that's the case, shouldn't the CWB be blowing the doors off those poor U.S. farmers who don't have the "advantage" of single desk selling?

I think it's incredibly unjust that western Cdn farmers don't have the freedom to sell their property to whomever they like, whenever they like (unlike me, a city-dweller), but even setting that argument aside, how can you possibly justify forcing all farmers to market their grain collectively when there's absolutely no evidence that the CWB provides farmers with higher returns where it matters most -- at the farmgate.

[SASKFARMER3]

Benny you must be my neighbor out here. You can hit him in the head with a 2by4 and he will come up telling you how good the CWB is. then Hit him again and he comes out it gets me a premium. Hit him again and its a conspiracy.
Well fact is fact for the last year or more the CWB is getting us around $1.00 to $1.50 less per bushel not more.
They had a good show for years in western Canada guarantee certain buyers a product for minimal Price. But the farmers are slowly catching on.
I for one am getting so mad Check your last check here in July still haven't got over $4.00 and the crop year is done. WHERE IS THE MONEY!!!!
Posted CWB price in Vancouver and Price at local ND Elevators are the same wonder why.
The Border will be crashed on November 1, 2007 come one and all.