Ed White

[cottonpicken]

Anybody follow this guys blog from the producer?

Seems like he is an after the fact analyst,with an archive that only goes back three months.

[SASKFARMER3]

Typical baffle the masses with BS. The more you repeat it sooner or later it becomes the truth.

[EdWhite]

Hi. I'm Ed White. I'm not trying to interfere in the discussion, but I just thought I'd answer one thing you were wondering about: there's only a three month archive of posts because I've only been doing the blog since mid-October. In my blog I'm not trying to prognosticate on where I personally think prices are going and I'm not trying to cover every market and all situations. But as a markets reporter and columnist for the Western Producer I often come across interesting views and perspectives on market issues and developments during my interviews and from research I do and in the blog I try to pass those things along for readers to think about. If I can add a little bit to a farmer's range of knowledge about what people out in the marketplace are saying, I've done what I'm trying to achieve.

[cottonpicken]

Ha!I new it,how long you been reading angerville?

And sorry i thought you have may have been a forecaster with a longer history with the producer.

[TOM4CWB]

Hi Ed;

Grin!

SO why not talk about the CWB and the variable payment system where they get the 30% bonus for ripping off Producer Pricing Option participants/growers some $60-100/t?

How about the 'vote' scam that the CWB uses/continues to cling to... to assure the 'single desk' wins over the needs and aspirations of commercial growers that need responsive progressive management of their assets?

How about a story dedicated to the unwinding of the Contingency Fund the CWB had... that was close to $50M... and now is negative $50M... plus all the 'discretionary' losses from failed risk management decisions?

And the CWB claim that Canada Grain Commission (CGC)quality attributes... Board grain is recognised for globally... being attributed to the 'single desk' instead of the CGC?

THere are 101 great stories that you have ignored... because your paper is not even close to being unbiased.

Keep those CWB payments/bribes... from my grain... rolling rolling rolling.

A PR machine Stalin would be proud of!

[LWeber]

If i remember correctly Ed came on board at the WP shortly after the 1993 Mayer/SWP/MPE/AWP barley b.s., so he has been around for awhile Cott.

The paper was very different then and i'm sure Ed would agree. The only thing that hasnt changed are the Letters to the Editor...

I have a picture on my desk that is one of the last pictures my Dad took of me. I'm three years old reading the Western Producer in September 1963. It was much easier looking at the pictures then than it is today. My Dad died January 01, 1964.

Now every week, i make sure i put my CWB hat on half lock, open the Letters to Editor and a bottle of nitros simultaneously - attach a blood pressure monitor and a valium drip - and I'm ready to read the world according to the left wing whacks...lol

Have a great New Year everyone!!

[cottonpicken]

Whoops todays blog of steady eddy,seemed like he was almost picking a fight with me.

And everybody knows i'm the type that walks away.

I quess i just have one question to ask,did i fire five shots or six?

To tell you the truth in all the confusion,i lost count myself.

So i quess you have to ask yourself if your feelin lucky?Well are you punk?

[classicalliberal]

Haha, that is funny Larry, I totally agree. I have tried for a long time to put my perspective up but they haven't. There is an article in the Christmas issue about cheap Austrailian wheat and they say that it is cheap because of the agressive free marketers trying to make money handling volume of grain. Let me tell you about grain companies since I used to work for one. Cargill, Bunge and Louis Dreyfus will be fully hedged, probably buying that wheat at much higher prices from the farmers in the country, selling futures and then offering it out at what are strong basis levels and buying back their futures, making money by having a larger gain in their futures account than the loss in the cash account (basis trading). They make their money through basis trading, picking up carries in the markets as well as handling grain. In a competitive environment where they say there are 20 companies competing for exports (notice the mention of multi-nationals) like in Austrailia or lots of elevator and user competition like in the US, money is not made "handling" grain like it is in Canada, the money is made through changes in the basis and by picking up the carries in the marketplace. What a pro-centralization, socialist article Western Producer. I'm sure Ed White doesn't fit that description. I agree with his analysis that farmers have to have a marketing plan and to execute it when the prices reach it without the emotion of getting greedy.

[TOM4CWB]

ClassyLiber,

Great explanation of why the CWB does not work... and never can if they continue to market everything through the pool... on a cash base.

It absolutely answers why the PPO basis system does nothing to maximise my returns as a grower... and how they are allowed to rip $60-100/t off our prices... without a shot being fired by anyone.

The CWB system is criminal. It does NOTHING to leverage our returns up... which is the whole reason US and Aussie growers get a premium that the CWB claims is a discount.

Ed White... isn't it about time... the Western Seducer is honest to grain growers... and admits the CWB 'single desk' is a safety net that protects domestic livestock producers... extracting a premium FROM 'designated area' grain growers of board production!!?