Dennis Gartman- CWB speculative losses

[Fransisco]

Yes they call it 'net' dispatch with a footnote saying demurge was 'significant'. I'd like to know how significant as in give me a number please.

Also dispatch really isn't a positive number, if they get a shipment out earlier than agreed upon they only get part of the money back. Not sure how much, could be 50%. Bottom line is that it is cheaper but it still costs us something. Nothing like pretending a negitive is a positive.

[silverback]

Parsley,

The only thing that would get cwb supporters excited would be if ever it was announced that the cwb was shutting down and all farmers would have to start thinking and planning for themselves.

Their most common theme is to let someone else do the work for them, no matter the result.

[parsley]

Renovations?

[ado089]

I though they weren't suppose to have any capital. Isn't that how their incestuious relationship keeps the grain co's and rail lines in buisness.

[Fransisco]

They certainly didn't get excited about shutting down the barley pool. We've been told for years we need the board so we'd have pooling but so far not a peep out of the die hard pool lovers.

If even the die hard pool guys don't care it's getting time to pull the pin on the whole shooting match.

[Fransisco]

Renovations! Yes that's it! They are working on getting that $1300 renovations rebate from the Conservative stimulus plan.

[furrowtickler]

Silver, the only other way to get a rise out of cwb supporters is to take a away their viagra.... or maybe it would not.

[TOM4CWB]

Fransisco,

You had to spend it after Jan 27/09...

It does not look like this capital went into the rail cars... where did it go?

[TOM4CWB]

Furrowtickler;

The CWB is their Viagra.

Anyone note the loss the CWB takes on 'discretionary losses' come close to the same amount the AWB paid... some $222M... that lost them their 'single desk'?

For the CWB to smack down a quarter of a billion... and distort the international grain markets the way they did... should qualify them for the same treatment as the AWB for the Iraq affair.

If the CWB had not blown this cash out the door... would we have had $25/bu MGE? NO WAY.

The CWB caused starving and disorder in food markets around the globe... with this cash blowout of 'designated area' assets.

To get a 'premium'... I will remind CWB 'single desk' supporters... the CWB needed to earn the $225M... on top... NOT double down and blow the market apart!

How could we be so stupid?

[Fransisco]

What, they can't get new invoices made out?

[cottonpicken]

Complacent?

Nobody cared when the banks took 125 billion.

Why worry about this chump change?

[cottonpicken]

Which reminds me.

Did the losers at the small dead animals think tank ever bring that issue up,or should i just wait for the asteroid?