Just a note the CWB has released their annual report.
I highlight the losses on the CWB risk management strategies (both attempt on obtaining an average price - performance measures page 47 and producer payment options page 63).
Someone will have to help me understand the CWB definition of losses on their hedging activities. Will note the PPO comment they lost money on futures hedging activities but made it back on basis. If this was an open market, I assume farmers would be mad about getting done in on basis to pay for incompetetance on futures trading.
I highlight the losses on the CWB risk management strategies (both attempt on obtaining an average price - performance measures page 47 and producer payment options page 63).
Someone will have to help me understand the CWB definition of losses on their hedging activities. Will note the PPO comment they lost money on futures hedging activities but made it back on basis. If this was an open market, I assume farmers would be mad about getting done in on basis to pay for incompetetance on futures trading.