Dear Charlie,
Select winter wheat has always been a problem... with shipping dates... trying to get cars... proteins;
So this year... we have great protein (#1 13px)... nice quality... but virtually no elevator offers "select"CWRW... cause it is another bin tied up with near imposible shipping logistics... where standard CWRW is workable.
So what happens on the Jan PRO?
Get a load of this: "Wheat PROs are largely unchanged, except for a drop in some minor classes to reflect lower-priced competition for those products."
JUST guess which is the only wheat class to drop $5/t... CWRW.
@ $248/t... #1CWRW is 'given' a wopping $1.50/t for any px above 11.5% px payments while there is a $14/t discount for #2CWRW @ $234/t... 1CPSR is $258/t... and Select that hardly anyone is allowed to access... is $268/t for 11px... with a spread premium of only $6/t for CWRW... from 11-13px... where CWRS is $10/t for the same 2% of extra px.
So I get a great deal when I sell my high quality #1CWRW 13px... instead of $278/t... I am 'allowed' a discount of $14.50/t off my FPC price... on top of the Oct 31 $33.46/t basis discount...
So today the CWB has decided to 'Market discriminate' and give what others have admitted is some of the best bread wheat on the planet (much better than US Hard Red Winter)... for $5.12/bu US west coast in Canada... where PNW growers get a wopping $7.21/bu US west coast position.
http://www.uswheat.org/priceReports/doc/7C7570DC540FB28985257547007DB63F?OpenDocument#
So I am only short... $2/bu US or $almost $2.50/bu CDN... when the CWB is only paying me a total of $4.76/bu... total in the first place.
So the CWB 'single desk' rips me off... about 50% of the value of my #1CWRW Select 13px winter wheat.... quality that can't be beat on the global market.
CAn ANy one guess why I am frustrated?
What a revealing service the Western Seducer does to wheat growers... Mind Bending II... after the CWB SPECIAL DESIGN Mind Bender #1!
BUT... I get to feel extra special... cause I conserve the land (growing Winter Wheat)... help the ducks raise their young...... and most of all...
BUY
~^~_ Grrravol for my gut ~^^~~____
Select winter wheat has always been a problem... with shipping dates... trying to get cars... proteins;
So this year... we have great protein (#1 13px)... nice quality... but virtually no elevator offers "select"CWRW... cause it is another bin tied up with near imposible shipping logistics... where standard CWRW is workable.
So what happens on the Jan PRO?
Get a load of this: "Wheat PROs are largely unchanged, except for a drop in some minor classes to reflect lower-priced competition for those products."
JUST guess which is the only wheat class to drop $5/t... CWRW.
@ $248/t... #1CWRW is 'given' a wopping $1.50/t for any px above 11.5% px payments while there is a $14/t discount for #2CWRW @ $234/t... 1CPSR is $258/t... and Select that hardly anyone is allowed to access... is $268/t for 11px... with a spread premium of only $6/t for CWRW... from 11-13px... where CWRS is $10/t for the same 2% of extra px.
So I get a great deal when I sell my high quality #1CWRW 13px... instead of $278/t... I am 'allowed' a discount of $14.50/t off my FPC price... on top of the Oct 31 $33.46/t basis discount...
So today the CWB has decided to 'Market discriminate' and give what others have admitted is some of the best bread wheat on the planet (much better than US Hard Red Winter)... for $5.12/bu US west coast in Canada... where PNW growers get a wopping $7.21/bu US west coast position.
http://www.uswheat.org/priceReports/doc/7C7570DC540FB28985257547007DB63F?OpenDocument#
So I am only short... $2/bu US or $almost $2.50/bu CDN... when the CWB is only paying me a total of $4.76/bu... total in the first place.
So the CWB 'single desk' rips me off... about 50% of the value of my #1CWRW Select 13px winter wheat.... quality that can't be beat on the global market.
CAn ANy one guess why I am frustrated?
What a revealing service the Western Seducer does to wheat growers... Mind Bending II... after the CWB SPECIAL DESIGN Mind Bender #1!
BUT... I get to feel extra special... cause I conserve the land (growing Winter Wheat)... help the ducks raise their young...... and most of all...
BUY
~^~_ Grrravol for my gut ~^^~~____
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