“In the quality-conscious market of Japan, Canadian barley does not achieve a premium price. In most instances, Canadian values for feed and malting barley are lower than the other two exporters, Australia and the US. On average, Japan pays $15.40 per tonne more for Australian feed barley than from the CWB. For malt barley, the US achieves $29.81 per tonne more than the CWB price.”
Source: Informa
Posted in Price Comparisons
Hard Red Spring Wheat
Bottineau, North Dakota $7.55 per bushel CAD
CWB Fixed Price/Manitoba $5.98 per bushel CAD
Difference - $1.57 per bushel CAD
Winter Wheat
Bottineau, North Dakota $6.94 per bushel CAD
CWB Fixed Price/Manitoba $5.12 per bushel CAD
Difference -$1.82 per bushel CAD
Posted in Price Comparisons
“Some observers have pointed out that US elevator bids are not a useful comparison because the wheat, durum and barley markets in the US are limited to domestic consumption only. This statement ignore the fact that the US has exported an average of 58% of its spring wheat production and 44% of its durum production, indicating that elevator bids in the US are not simply based on domestic use, but also reflect export markets.”
Source: Informa
Posted in Price Comparisons
Rolf Penner- CWB Monopolists don’t like spot price comparisons, because they can’t beat them. They don’t like simple average price comparisons because they can’t beat those either. So they sometimes like to use the USDA weighted average prices to compare with because sometimes they can beat those (see chart below). But there are some big problems with using this USDA measurement for comparisons. Continue reading
Posted in Price Comparisons
Rolf Penner- What do you think it would have been if the Board had to compete for your grain?
Posted in Charts, Price Comparisons
Rolf Penner- Using 100% CWB data the following chart shows us the difference between final pool returns and the simple average of the CWB’s own posted asking prices for the crop year, calculated over the entire tonnage sold for that particular year.
This is how much more money Western Canadian farmers would have gotten for their hard red spring wheat if the Wheat Board would have just gotten average prices. Not above average, just plain old average. Last year it was $1.3 billion, and what’s most disturbing is the trend, every year it seems to be getting worse.
Sources: Pool returns and asking prices (page 15 of weekly grain statistics)
Funny how the asking prices aren’t on the CWB’s own website and are buried deep in the Canadian Grain Commissions website.
It really shouldn’t matter if you support the monopoly or not this kind of performance should be unacceptable to everyone.
Posted in Charts, Price Comparisons
Rolf Penner- John De Pape of Integrated Malt Barley Management has a very interesting price comparison chart here that he has been showing at some of the recent talks he has been giving. Continue reading
Posted in Charts, Price Comparisons
Hard Red Spring Wheat
Bottineau, North Dakota $7.45 per bushel CAD
CWB Fixed Price/Manitoba $5.92 per bushel CAD
Difference - $1.53 per bushel CAD
Winter Wheat
Bottineau, North Dakota $6.81 per bushel CAD
CWB Fixed Price/Manitoba $5.16 per bushel CAD
Difference -$1.65 per bushel CAD
Posted in Price Comparisons
$10.82 USD is how much better the average open market price was than the final Pool return. Click on chart to enlarge.
Posted in Charts, Price Comparisons
Here we see the final Pool return coming in $16.99 USD lower than the average open market. Click chart to enlarge it.
Posted in Charts, Price Comparisons
click on chart to enlarge
The final Pool return comes up short $11.75 USD per bushel.
Posted in Charts, Price Comparisons
Friday, October 17/2008
Hard Red Spring Wheat
Bottineau, North Dakota $7.18 per bushel CAD
CWB Fixed Price/Manitoba $5.90 per bushel CAD
Difference - $1.28 per bushel CAD
Winter Wheat
Bottineau, North Dakota $6.59 per bushel CAD
CWB Fixed Price/Manitoba $4.98 per bushel CAD
Difference -$1.61 per bushel CAD
Posted in Price Comparisons
