Rumors on Adjustment payments?

[charliep]

Had a question from a farmer on adjustment payments? Haven't seen anything out of the CWB.

Most initial payments are sitting at about 75 % of the January PRO. If you assume early payment option premiums are a measure of risk, 100 % EPO discounts are still about $30/tonne spring wheats (CWRS,CPS,CWRW) with CWES, SWS and durum much higher. Malt barley 90 % EPO is about $3/tonne (should be assured this price give recent announcements) and $13/tonne for 100 % EPO.

[caseman]

I got an email from cwb on Tues. saying they asked for an increase on initial payments NOV. 28.

They are waiting for approval.

[LWeber]

Quote:

Controlled by western Canadian farmers, the CWB is the largest wheat and barley marketer in the world.

Unquote.

November 28th ... that is some control farmers have...

About as much as an 18 year old on prom night... but if you keep saying it long enough - farmers buy into it - and then it must be true.

[HFL]

Dosen't really matter if there is an increase. Our grain is mostly all still at home anyhow.

[haveapulse]

Grain mostly at home is a good thing at this time. However, if wheat starts to go up you can bet the multinationals will be in buying from the CWB to be sure they get the last of the cheap wheat, but premium quality branded wheat I might add.

Covering shorts with captive CWB stocks, works like a charm!

However if the CWB has not sold they may be in a good position to capitalize on the drought in China which is mostly in wheat.

Hopefully Ian can prove that value is in actual results that we can bank.

[silverback]

Hopefully Ian can wave his magic wand and have us all forget about the lost opportunities of the highest wheat prices in history over the past year.

Wait, it looks like he has started his work.

[Fransisco]

Yes, it's malt barley farmers who decided to close the pool early. I'm sure they all got a chance to vote on this decision and everything.

[gustgd]

talked to my local CWB reps replacement this morning re: Durum and questions on the EPO
he talked about waiting until Feb 16th as the likely date that the initial will increase. then Make decisions regarding the EPO's
Also note that the "barley pool is not closed" it's only export sales closed from the pool.
domestic sales are still in
Can anybody make sense of this mess?
Looks to me like Canadian Maltsters will be importing foreign barley

[Hopperbin]

Or the local maltsters are just losing their export malt sales. Sucks to have business located in Canada EH.

[sawfly]

let me get this straight
the CWB hasn,t sold enough wheat and they sold it too low. and selling more would have improved the price.

the board has not sold enough malt and they sold it too high.
what they should have done when they realized there was lots around, was cut the price sooner to undercut the competition.

now the board is chargeing the domestic malsters too much.
you can't do that,
you can't abuse your market power and charge more simply because of a border.
that would never happen with fertilizer or chemical

[Burbert]

You are damned it you DO! (Sell. You are damned, if you DON'T! (Sell). Only hindsight is perfect... CWB good, CWB bad. Farmers are all so so so sad. Guys the market has melted and continues to melt away, and the only solution you can come up with is, trash the CWB, our marketing agency?

[furrowtickler]

Burbot, I dont know if they just let you out of the 'home' or what but markets stabilized back in december and have been slowly creeping up. Open your eyes and look around.