Pool Return Outlook Day

[mbratrud]

This is what really bothers me about the PRO... They set the price for feed wheat at $2.60 average price per bushel in Sask. Prices had still been in the $4 range, if I'm a user and I read this my price would instantly drop to $3 and then sit and wait for a frost, when that hits go to $2.60. Why would they set prices like that. Same thing with Barley at $1.94??? last week there was $2.75 Barley still I can guess what they will be paying tomorrow. Whether they know it or not these Pros have and effect on the on the domestic cash market. These guys are working for us???? They should all be fired for publishing something like this. I realize the intent is to inform farmers, but they inform everyone else as well.

[charliep]

Interesting to look at the EPO premiums and offerings.

A fact to highlight is the fact that the CWB is not able to offer an 80 % early payment option for either CWRS/CWWS/CWES or any of the durum wheats - the PRO is too low relative to the current initial payment. There is an 80 % EPO for CPS/CWRS - about $6.65 premium.

The 90 and 100 % EPO for wheat ex durum is about $15 to $18 and $29 to $33/tonne repectively. A 90 % durum EPO is $27 while a 100 % one costs about $42/tonne.

<a href="http://www.cwb.ca/db/contracts/ppo/ppo_prices.nsf/epo/2009_index.html">EPO</a>

Now I have been trained on links, you don't know the monster you have created.

[macdon02]

Out of 6700ac seeded this spring I seeded 375 acres of wheat and barley, the board "sucks the sweat off a dead mans balls" stealing a quote from good morning vietnam. I vote with my drill they want more acres they have to work for it. One year out of ten doesn't make a world class leader.

[Choice2U]

I'm not thrilled with the "win".

[Fransisco]

Great quote! LMAO

But what's the one year out of ten? As far as I can tell they've got a perfect record.

[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.