Rolf Penner- This is from last fall, October to be exact. It clearly shows how prices are higher in an open market environment vs the single desk arena.
Tags
Archives
Prices $
Studies
Categories
Category Archives: Price Comparisons
Farmers need better CWB accountability
Richard Pedde and Sylvain Charlebois, Special to The Leader-Post Tuesday, November 25, 2008
Western farmers who produce wheat and barley for export or for human consumption are required by law to sell their grain to the Canadian Wheat Board (CWB), which in turn sells the produce on their behalf. The CWB’s regional monopoly over sales is usually referred to as “single-desk selling.” Continue reading
Posted in Price Comparisons
Canada’s wheat cult
-National Post- November 24, 2008
Lorne Gunter- On Friday, Larry Hill, the Canadian Wheat Board (CWB) chairman, told the National Farmers Union — a leftist farm organization — that “there’s a guarantee that a Canadian Wheat Board cheque is going to be good, and in uncertain times it’s not an insignificant guarantee.”
That wheat board cheque is also going to be about $18,000 a year less per farmer than American grain companies would have paid for the same crops, but at least it’s guaranteed. Yep, that’s a significant comfort to farmers, I’m sure. Continue reading
Posted in Arguments, Price Comparisons
CD Howe CWB Price Gap Chart
Posted in Price Comparisons
US Wheat, by the numbers
Rolf Penner- In it’s response to the latest CD Howe report on CWB performance the Board once again sets up the false argument that
“ To reach its conclusions, the paper also assumes that the entire western Canadian wheat crop could be sold into the U.S. at posted U.S. elevator values. This is not possible, nor do posted values consistently reflect actual pricing opportunities available to farmers.” Continue reading
Posted in Price Comparisons
Poor Returns, Lack of Transparency at Canadian Wheat Board: C.D. Howe Institute.
TORONTO, Nov. 20 /CNW/ – The Canadian Wheat Board (CWB) has been earning poor financial returns for farmers over the last three years, according to a study released today by the C.D. Howe Institute. In “A Bushel Half Full: Reforming the Canadian Wheat Board,” Sylvain Charlebois and Richard Pedde draw this conclusion based on a benchmarking of CWB price results with US results for comparable grains. Continue reading
Posted in Price Comparisons
The case rests on shaky math
Rolf Penner, For The Calgary Herald Published: Tuesday, July 03, 2007
Despite all evidence to the contrary, a slim majority of Canadian Wheat Board directors continue to claim the government legislated monopoly puts more money into farmers’ pockets than they would otherwise receive in a competitive marketplace. Real world, back-to-the-farm-gate price comparisons have repeatedly shown this is, in fact, not so. (more)
Posted in Price Comparisons, Rolfs Articles
Where is the CWB Premium?
“When evaluating prices received by farmers in the US and in the Canadian prairies, the analysis shows that for hard red spring wheat, US elevator bids have been higher than final payments from the CWB in five of the last six crop years. The average difference between the Canadian and US values shows that Canadian farmers have received $15.97 per tonne less than their American counterparts.”
Source: Informa
Posted in Price Comparisons
Spot Price Check- Looking back to January
Monday, January 21, 2008 Crop Hard Red Spring wheat with 12.5 protein or better can be booked in Ontario at $9.97 a bushel. How many farmers in western Canada would jump at the opportunity to lock in $9.97 wheat? There is now a $5.00+ per BUSHEL difference between spot prices in ON and MT. That equates to $183.72/MT – Will the 07/08 PRO be up $150.00 this Thursday?
Posted in Price Comparisons
What Single Desk Advocates View as Proof -Econometric Models
Rolf Penner- If there is any doubt that single deskers worship complexity take a look at the following. Simple real world price comparisons show us what is really going on but they prefer we look at things like this. Click sections to enlarge
Posted in Charts, Price Comparisons
$20 Wheat
Rolf Penner- Monopolists claim that nobody in the States got to sell any wheat for $20 last year but thats simply not true. Here is a quote from march, “ “The futures didn’t quite hit $20 – the highest was $19.80, but some cash offers around the state hit $20 or more last week,” Continue reading
Posted in Price Comparisons
Spot Price Check- Friday November 7, 2008
Rolf Penner- There will be no more spot price checks from here on out because after Oct 31 the Board no longer offer’s the fixed price conract. For every other crop out there we can continue to forward price throughout the year, the US farmer of course can continue to do so but with board crops we’re out of luck.
For interest’s sake though the closing prices in Bottineau North Dakota today are:
$6.99 Canadian for Winter Wheat
and
$7.58 Canadian for Hard Red Spring
Posted in Price Comparisons
Malt Barley Prices, CWB vs U.S. elevators
“The malt barley price in the US has outperformed CWB final payments for both two-row and six-row malting barley. In three out of the six most recent crop years analyzed, the average difference over those six years favours US elevator bids by $5.51 per tonne.”
Source: Informa
Posted in General, Price Comparisons
