36 Replies to “Canadian Wheat Board Premium Pricing”

  1. But,but,but….you must have the figures reversed Kate. No way the benevolent WCB would screw the hard-working,honest farmer like that!! Must be a neo-con drawn graph/plot to make the dippers/leftards look bad!(as if they need any help)

  2. Well this is wonderful news it means that the CWB’s patronage clients can still get Canadian wheat producers to subsidize their purchase price in return for guaranteed sales….and isn’t that what collectivist kleptocratic economics is all about…the many subsidize the the politically connected few in return for false security.

  3. I need a grain price in quebec and ontario for a true comparison to see if those farmers need to jump on board.
    “what is good for west tren piples farmars is gooed for istern piples farmars ” Borat Dion.

  5. Recently wheat has been making new all time highs every day and commodity traders are making small fortunes. Meanwhile CWB supporters enjoy the benefits of a socialist monopoly. There are none so blind as those that will not see.
    S&P Goldman Sachs Commodity Index Movers
    PRICE CHANGE %CHANGE TIME
    WHEAT FUTURE(KCB) (USd/bu.) 842.500 13.500 01.63 13:29
    GOLD 100 OZ FUTR (USD/t oz.) 722.300 10.100 01.42 13:09
    GAS OIL FUT (ICE) (USD/MT) 681.250 7.750 01.15 12:00
    SILVER FUTURE (USD/t oz.) 12.840 0.140 01.10 13:09
    WHEAT FUTURE(CBT) (USd/bu.) 869.250 8.250 00.96 13:30
    COTTON NO.2 FUTR (USd/lb.) 61.430 0.430 00.70 13:09
    COCOA FUTURE (USD/MT) 1856.000 4.000 00.22 13:08
    BRENT CRUDE FUTR (USD/bbl.) 75.640 0.160 00.21 13:29
    LIVE CATTLE FUTR (USd/lb.) 95.750 0.050 00.05 13:29
    CATTLE FEEDER FUT (USd/lb.) 118.475 0.025 00.02 13:27
    SUGAR #11 (WORLD) (USd/lb.) 9.290 0.000 00.00 13:08
    LME COPPER FUTURE (USD/MT) 7220.000 -15.000 -00.21 09/10
    SOYBEAN FUTURE (USd/bu.) 915.750 -2.250 -00.25 13:29
    WTI CRUDE FUTURE (USD/bbl.) 77.220 -0.270 -00.35 13:10
    HEATING OIL FUTR (USd/gal.) 216.180 -0.980 -00.45 13:09
    COFFEE ‘C’ FUTURE (USd/lb.) 119.500 -0.550 -00.46 13:09
    LME LEAD FUTURE (USD/MT) 2906.000 -15.000 -00.51 09/10
    NATURAL GAS FUTR (USD/MMBtu) 5.855 -0.036 -00.61 13:10
    LEAN HOGS FUTURE (USd/lb.) 66.000 -0.450 -00.68 13:29
    LME ALUM HG FUTUR (USD/MT) 2373.500 -25.500 -01.06 09/10
    LME NICKEL FUTURE (USD/MT) 26475.000 -310.000 -01.16 09/10
    GASOLINE RBOB FUT (USd/gal.) 194.940 -2.920 -01.48 13:09
    CORN FUTURE (USd/bu.) 340.500 -5.500 -01.59 13:30
    LME ZINC FUTURE (USD/MT) 2697.000 -79.000 -02.85

  6. It seems that the Ontario Wheat Board got prices (end of August) in line with what the Montana growers were getting.
    Screw the CWB. Let the western grain farmers join the OWB!!!!
    http://www.ontariowheatboard.com/commentary.php?phpMyAdmin=nRkGXZW%2CxiTGfZYej28pGVuUql4
    Prices for Harvest 2007 for August 23, 2007 at the close are as follows: SWW at $244.38 per tonne ($6.65 /bu.), SRW at $240.43 per tonne ($6.54 /bu.), HRW at $244.38 per tonne ($6.65 /bu.), and HRS at $245.17 per tonne ($6.67 /bu.).

  7. I find it a sight to behold the montana pricing rising and falling in the market economy compared to the monolithic CWB prices.
    This graph alone illustrates the superiority of capitalism.
    The Montana prices are efficient; they reflect the realities in the real world based on the actions of many separate and distinct individuals and groups. The CWB prices are a very poor reflection of reality, always distorted and inaccurate, causing inefficiencies in the market, injustices to the people using these prices, and subject to politics, human error and ultimately corruption.
    It’s hard to believe someone could look at a graph like this and come to any other conclusion except that the CWB should be abolished, along with all other socialist schemes in our economy.

  8. The bid price for Ontario wheat was quite attractive; if you had any 2007 crop to market. Only 30% of the average acreage got planted and yields were quite variable. It is the usual scenerio; great prices when there isn’t any crop to sell

  9. no , we cant have the western farmers joining the OWB, it must be reasonable accomodation, Ontario and Quebec farmers must be treated like westerners.
    “Dat is own lee fare,dat they be lieg west turn piples.” Borat Dion

  10. whats a measly 10% on the price? 50% of the net profit?
    why do we complain? dont we get cheap milk out of quebec because of the cheap feed?

  11. America will not let us sell our wheat on an open market in their country. They wanted to put a duty on our grain once before. Check your facts out before you post.

  12. ok4ua
    Nonsense. They openly and unrestrictedly buy our canola, oats, corn, pork, peas, alfalfa… the list is long.
    They have placed tarrif restrictions on wheat entirely because the Wheat Board low-balls product on their market. The Wheat board is able to price low simply because they do not have to compete for supply. Once the Wheat Board’s special privelidge is eliminated, there is no longer any justification for the americans to restrict access.

  13. The price here for soft white wheat (Portland delivery) is now $8.15 (US) per bushel. Last year at this time it was $4.22. Over the previous 30 years it’s hovered around the $3 to $4 range. Some new equipment will be bought this year.

  14. I liked the quick recent boast that the CWB has sold some 2007/2008 malting barley over $7/bu.
    Now if they would just to tell us how little they got for the 2006/07 malt barley and the forward priced 2007/08 malt barley, we just might believe them.
    I mean the maltsters weren’t making idle threats about suing somebody for tens of millions of dollars over the CWB not having a fire sale on 2007/2008 malt barley for nothing.
    Actually, the days of the Charity Wheat Board are toot fini.
    In its place will arise the brand new voluntary Canadian Wheat Pool, where members will assign, for blocks of time (5 yrs?) their land dedicated to the production of CWP sold grains.
    So the CWP will know exactly how much they will probably have to sell in any year.
    And those who of us who want nothing to do with the Liberal Nanny state corporation dipsticks will be free to do whatever we want to grow and sell our grain.
    And happiness will reign over the land.

  15. Like the lumber,cattle pork etc. You have more faith than brains. The Americans by our products because it’s good for American intrests. They want our resources. They don’t give a damn about what’s fair. One thing about it tho is as long as we have ignorant people like yourselves the Americans love us.

  16. Here’s tonight’s Ont Wheat Producers Marketing Board cash price for HRS wheat delivered into a terminal here in Ontario: $291.53 per MT.

  17. ok4ua: Everything in your world is “us versus them”. There is no such thing as “fair” in trade, it’s all about settling on a price. Every trade is a pursuit of “interests” on both sides. You make no sense whatsoever. Of course they want our natural resources! That’s why we have huge industries based on selling them!

  18. what woodporter said.
    ok4ua: Your rhetoric is as stale and out of touch as those who thought Joe Stalin was a good guy (many of them no doubt helped create the CWB in the first place).
    But even very old dogs can have a change of heart as even Pete Seeger has (3w.foxnews.com/story/0,2933,295467,00.html) at the age of 88, so there still is hope for you.

  19. Get rid of the wheat board. I don’t farm and I don’t really care. But once it’s gone don’t come to us taxpayers when the markets go all to hell.Don’t expect the gov’t to bail you out. Free markets in the states will not buy our goods if it affects their buisnesses. Go ahead get rid of it. All the smaller producers will be gone. It’ll take a few years but i don’t care. You don’t seem to care as farmers so why should we as taxpayers care. All I know is what my farm friends told me. It was an insurance. If you really believe American BS get rid of it. The states hate it so that’s all we need to know.

  21. The price for wheat here is now $8.80 per bushel and is expected to climb to over $10 per bushel. A bushel is 60 pounds. (We use the old English measurement system here because we can.) Whitman County, Washington, where I live, is the most productive wheat county in the US, all of it dryland, with yields that average 80 bu/A in the drier parts to about 120 bu/A in the wetter portion. One grower north of my home averaged 135 bu/A for his entire farm. Most farms are about 1,000 to 3,000 acres of production. At the current price (Portland) it ciphers out to $325 per metric ton here, and will soon be about $370/MT. It’s nice to see a real boon to the economy here.
    As for ok4y’all, I once had a BC fellow say to me, “The US controls 70% of our economy!”, to which I replied, “Who sold it to ’em? Martians?”

  22. But once it’s gone don’t come to us taxpayers when the markets go all to hell.
    That isn’t the reason the govt created a monopoly. They did it to fight inflation by forcing farmers to earn less during the war.
    If you think it’s what the farmers wanted you are nuts.
    Fine as a war measure but legislation like this without a sunset clause is scary.

  23. The price of wheat in the world market today is double the price of 1 year ago. (not just the U.S.) The reasons being a) a severe drought in Australia slashes the crop forecast, and b) gov.t in North America pursuing the stupid ethanol and biofuel nonsense, with obscene subsidies for both crops and production facilities. Farmers planted corn and beans instead.

  25. Why should I as a taxpayer and consumer believe you? What has free trade done for Canada besides make us more dependent on the USA? You guys just talk to hear yourselves. Run Forrest run!!

  26. Just wait until a full comprehensive audit is done by the Auditor General on the CWB’s books covering the Lie-beral government years.

  27. MikeW
    I wouldn’t be too quick to blame ethanol for the current price of wheat. Last year at this time, the price of wheat was also strengthening (although nothing like today), and there was a significant increase in acres planted in the U.S. (and the rest of the world for that matter). What happened since was numerous weather problems that knocked the crop down to something slightly lower than normal global production. Combine that with a tight carry in, and a growing global demand and, voila, price explosion.
    That said, the ethanol thing will definitely be a factor in higher prices of all ag commodities going forward.

  28. All ethanol will do is raise fuel prices. It’s expensive to produce. But who cares. Consumers pay the brunt of of the increase. Vote for me farmers I’ll make ethanol. We keep being told what a great bargain our food is. Groceries go up every week. Someone is making money. You must remember the winners in America are large corporate farms not individual farmers. But go ahead all the young farmers out there are fart smellers I SMRT Fellas.

  29. Just watched CWB spokesman Bruce Burnett being interviewed on BNN on the high price of wheat. When Burnett was asked what price Cdn farmers will receive this year the man went into political doubletalk and evaded the question. The spokesman mumbled something about prices can’t stay this high but they will be better than last year and it depends on this and depends on that. I took that to mean in other words Western Canadian wheat farmers will get exactly what we decide to pay them. Next question please.

  30. All I know is when Sask farmers start crying it’ll cost us taxpayers. Now i see Potato farming is taking hold. I guess the 28 million the gov’t spent wasn’t totally wasted.

  31. ok4ua
    I can prove that the CWB has ripped western grain farmers to such an extent that past and present grain farmers will probably never be repaid all the money that they are rightfully owed.
    For example, I laugh at the taxpayers and the NFU dolts who think that the Two-Price Wheat system benefitted grain farmers.
    A final accounting of the Two-Price showed that over the 10 yrs or so that it was in place, the net benefit to grain producers was about $3 million.
    But look at what the consumers got – a $500 million benefit over the same time, from paying less for the wheat than they would have otherwise.
    The CWB a ‘benefit’ to western grain producers – my fat a$$!

  33. Like I said get rid of the wheat board but don’t expect the Sask taxpayers to bail you out when things get tough. I don’t know much about it except the USA will never let Canadian farmers compete with their own landowners. You talk like the USA plays fair. They and self centered and Egocentric.

  34. American woman stay away from me. We don’t need your war machines,we don’t need your ghetto scenes.

  35. Our farmers on the whole are much better off than most American farmers not counting corporate farmers which had caretakers running the place. Be careful what you wish for because you might get it.

  36. 90% of the worlds mustard comes from Sask. The U of S in Saskatoon did a lot of grain research. If we have a better product than the states they will try to buy it or force us to give it up. Corporate America doesn’t like competition.

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