New Crop Peas

[chaffmeister]

kamichel:

I believe the St. Lawrence prices in the Western Producer are domestic prices only - not export.

I have no reason to think that they don't get these prices. Usually.

[nw9flynn]

swift current has 5.50 now at paterson

[Burbert]

So, let me get this straight, now Mr. Arason is getting paid, he has become part of the conspiracy to subvert Canadian farmers??? Like wilagro said, Jesus himself could be addressing the House of Commons and he to, would be shouted down, truthiness seems to reign supreme, when it involves the CWB. By truthiness I mean, falsehoods, innuendo and untruths are the norm and to be believed. US buyers are standing in the wings, they need/want/demand that their country be flooded with Canadian grain, the sooner the better!! Let the open market rule all, highest bidder gets the food, to heck with the rest....

[agstar77]

Mr. Arason up on the 17. As the world turns. Stay tuned. By the way Chaff if not selling to the U.S. raises their price what does it do for us if we don't sell into that market. Are you telling me that if ADM or Cargill could buy at their own price in Canada it would be better? Sounds like really warped thinking.

[bsigg]

1. What has the competition bureau done about the Agricore United merger? What has the competition bureau done about any merger that has occurred in any industry? Do you think the Western Canadian Wheat Growers Association would make sure that the competition bureau investigates future Agricore United mergers, considering that Agricore United is one of their convention sponsors?

3. Just recently Agricore United came out and said they could pay a spot price of $233.70 per tonne for feed barley at Vancouver Port. Apparently Agricore United was making up nonsense in an attempt to convince people they are better off with ‘choice.’ Anyone can quote any prices as long as they don't have to pay it.

Some of these premium markets such as the one in Montana that Strahl and David Anderson keep talking about wouldn’t be there very long if all of a sudden, a bunch of farmers start delivering into those markets. It is basic supply and demand principles. When supplies are high prices go down. When supplies are low prices go up.

In the U.S., 60% of the commodity prices are paid in government subsidizes. Obviously the open market doesn’t work.

4. Many studies have show that the CWB provides premiums over the open market. Dr. Richard Gray, U of S; Dr. Troy Schmitz; Dr. Andrew Schmitz; Murray Fulton, U of S; Dr. Daryl Kraft and other have shown this to be true.

5. With Canola we pay a Basis of $45 per tonne and for what? The Basis doesn’t include shipping or handling or anything it is just there to rip us farmers off.

[winwin]

Bsigg;And yet---and yet cwb acres continue to drop and EVERYTHING else seems to grow! Specials,oils,feeds,oats,processing.

Did i say processing?But strangely only outside the cwb control.

It seems nothing grows in the darkness.But thats what we want.isn't it comrade?Darkness,control,decline.Just what we've always achieved with central control.Everywhere else it has been tried.It will always be so,comrade.

[winwin]

Crusher thinks it is 'worthwhile'to exchange info about prices rather than having to argue about policy.He's right.Its how amarket works;engaging everyones mind,enterprise and creativity.

Exactly TWO MINUTES AND ELEVEN SECONDS after minister Strahl announces a free barley market is imminent,virtually every real farmer will quit talking about the CWB and just get back to business.

Focused on growth.Rebuilding the prairies.

[charliep]

Curious.

Point number # 2. The CWB publishes the same feed barley numbers as the Agricore United every week in the Western Producer. Current values are in the USD $182 to $185/tonne area last week Western Producer. Both organizations are (CWB and Agricore) are the same - they are presenting accurate information or both are not telling the truth - their prices are the same. Perhaps the common is neither are selling so both prices are theoretical.

Not going to comment on studies. Need to show the money - not the promise.

Perhaps you can enlighten me on basis. I note that the CWB has effectively types of basis. CWB deductions as applies to payments. Basis on sales the CWB sales department has completed. Basis as applied to the producer pricing options. Canola has one basis which can be analyzed relatively easily.

[chaffmeister]

Agstar:

Don’t take this too personally, and with all due respect, is english a second language for you?

To make things clear, allow me to parse your questions:

<i>“if not selling to the U.S. raises their price…”</i>
Who said this? (I didn’t; I don’t believe it works that way.)

<i>“…what does it do for us if we don't sell into that market.”</i>
Not sure what you’re asking. Seems like you’re saying if we don’t sell into that market, then their price goes up – but we don’t benefit because we didn’t sell. So what does it do for us? Is that it? Is that what you’re asking?

Perhaps you should give my earlier post another read.

<i>“Are you telling me that if ADM or Cargill could buy at their own price in Canada it would be better?” </i>
I’m not telling you anything about anyone “buying at their own price”. Again, suggest you reread my post.

In a nutshell, my point is this – when the CWB sells, the “market” doesn’t have a chance to react to the buying interest. This mutes any positive price action that would have taken place in an open market. (In any "normal" market, fresh buying pushes prices higher.) The CWB's customers can (and do) take advantage of this feature of the CWB system for their own benefit. (another reason they like the CWB system the way it is.) And I don’t believe for a minute that anyone at the CWB (1) understands this and (2) would even know how to evaluate it (price it into negotiations).

To put an even blunter point on it – the CWB’s marketing approach weighs on market prices. Buyers like that. The CWB doesn’t understand it.

Comprenez?

[chaffmeister]

bsigg:

Here's answers to some of your questions. (Not all of them because some of them don't really deserve a response.)

<i>What has the competition bureau done about the Agricore United merger? </i>
Forced the sale of a number of elevators in the prairies.
Forced the sale of a terminal.

<i>What has the competition bureau done about any merger that has occurred in any industry? </i>
Don’t know about other industries, but perhaps you are not aware of the JRI / SWP joint venture in Vancouver. The competition bureau blocked it. JRI & SWP are appealing and the tribunal is still pending.

<i>Do you think the Western Canadian Wheat Growers Association would make sure that the competition bureau investigates future Agricore United mergers, considering that Agricore United is one of their convention sponsors? </i>
Do you really think the wheat growers have any influence with the competition bureau?

<i>Just recently Agricore United came out and said they could pay a spot price of $233.70 per tonne for feed barley at Vancouver Port. Apparently Agricore United was making up nonsense in an attempt to convince people they are better off with ‘choice.’ Anyone can quote any prices as long as they don't have to pay it. </i>
Charlie answered this one very well already.

<i>Many studies have show that the CWB provides premiums over the open market.</i>
Not sure how many times this has to be said before it sinks in but here goes again anyway. The studies to which you refer prove nothing. They have been shown to be flawed by experts in grain marketing. Not just flawed, actually flat out wrong in some cases. I know you choose not to believe this but, its true.

<i>With Canola we pay a Basis of $45 per tonne and for what? The Basis doesn’t include shipping or handling or anything it is just there to rip us farmers off. </i>
This demonstrates very clearly why this debate goes on and on. Its because many of those that are arguing for the single desk really don’t understand much about markets – this comment proves it.

Either you don’t understand or you do but are intentionally trying to …..naw, forget it. You really don’t understand.