That was very noble of you Fran and I would
appreciate a higher level of decorum on this site
and a return to respect and civility among users free
of the childish personal crap!!! CWB aside, here is
something that has always bothered me, and I'm
switching gears. Let us take canola as an example.
How do you know what a grain company or broker
has sold a bushel of canola for to an end user? As a
farmer, you are marketing into a procurement field,
established by buyers (mostly grain companies) to
get the product out of the bin and into transit. Does
this necessarily mean that there is a direct
relationship to what the end buyer is paying or is it
just the local lever to get the farmer to part with it?
I raise this question, which was never satisfactorily
answered, from my experience with one of the
Wheat Pools in the 1980's. At that time everything
revolved around canola sales to Japan and the
procedure in place was that at 4 AM Vancouver
time a price and volume purchase for that day was
received in the marketing office and the choice was
either to sell or reject. At the same moment,
futures and cash prices were established
domestically to bring product forward as needed.
As a matter of information, not even the CEO of the
Pool was privy to this trading intelligence - he had
to wait for the year end results. So, my question is
this - where is the transparency where a single
producer can witness an honest basis between the
end user and the middleman? I've never found it
and be sure, there are 2 sets of books. By the way,
as I see it, the CWB and any old grain company
aren't that much different - one is mandatory by
law, the other by lack of access. To go back to
Burbert's co-op Wheat Board idea, I'll just say
mandatory if necessary, but not necessarily
mandatory! Have a good one,
Rockpile
appreciate a higher level of decorum on this site
and a return to respect and civility among users free
of the childish personal crap!!! CWB aside, here is
something that has always bothered me, and I'm
switching gears. Let us take canola as an example.
How do you know what a grain company or broker
has sold a bushel of canola for to an end user? As a
farmer, you are marketing into a procurement field,
established by buyers (mostly grain companies) to
get the product out of the bin and into transit. Does
this necessarily mean that there is a direct
relationship to what the end buyer is paying or is it
just the local lever to get the farmer to part with it?
I raise this question, which was never satisfactorily
answered, from my experience with one of the
Wheat Pools in the 1980's. At that time everything
revolved around canola sales to Japan and the
procedure in place was that at 4 AM Vancouver
time a price and volume purchase for that day was
received in the marketing office and the choice was
either to sell or reject. At the same moment,
futures and cash prices were established
domestically to bring product forward as needed.
As a matter of information, not even the CEO of the
Pool was privy to this trading intelligence - he had
to wait for the year end results. So, my question is
this - where is the transparency where a single
producer can witness an honest basis between the
end user and the middleman? I've never found it
and be sure, there are 2 sets of books. By the way,
as I see it, the CWB and any old grain company
aren't that much different - one is mandatory by
law, the other by lack of access. To go back to
Burbert's co-op Wheat Board idea, I'll just say
mandatory if necessary, but not necessarily
mandatory! Have a good one,
Rockpile
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