Pool Return Outlook Day

[Hopperbin]

So CWSWS wheat gets a pro of 3.28 net to producer here while the ethanol plants were still paying 4.5 or better.
Select soft wheat gets a premium of 41 cents per bushel so that nets a producer 3.69. Then also you gotta have the shit dry as a fart and bug free and perfect and fuel is worth more. How can the CWB get away with this disconnect from real prices?

[Hopperbin]

In fact all classes of wheat except hard red hard white and durum are well below local feed and ethanol feed stock prices. by about 75 cents per bushel.
Obviously they do a pretty crappy job of marketing them other classes. And a crappy job yet of the top 3 besides. Now if the local feed market didn't just get swamped with product yet they sure will now.

[macdon02]

For anyone that hasn't been on the c to c course we have 5 guys sitting in front of screens at 423 and they are supposed to be hedging grain and another desk does currency. Well did they go on edo's all last year when 09 futures were still high. Come on people if they didn't have at least 25% of this years crop sold at reasonably high prices there should be heads rolling. Maybe the best thing to do right now is load the 3 ton full of hard red and head for Portal. I thought I screwed my marketing last year but it didn't cost 100 mil. These guys are pathetic.

[Fransisco]

One of the things that bugs me about the annual report is there is no mention of the currency trading the board does.If they do as good a job on that as they did with wheat last year they're costing us some big bucks there as well. And if they're not reporting it what other conclusion can we draw.