|
Ontario | I was put on hold this morning, and put in line to sell with the Ontario Wheat Board. The price on my screen was $7.15/bu for hard red winter for July 2011. When they got to me, they dropped the basis and the price was $6.90/bu. Then for a good part of the day the posted price from the Ontario Wheat Board hard red winter for for July 2011 was $6.15/bu!!! Their closing posted price for hard red winter was $6.23/bu for July 2011.
Wheat gained from $0.28/bu to $0.45/bu across the futures contracts today. Yet we dropped $1.00/bu on the basis. Nothing but crooks. Cancelled plans to grow more wheat acres after todays garbage. To hell with it!!!
I have never had a problem selling wheat when it was $3.00/bu or less, they will take all they can get from you!
Thats the problem with this, wheat is now hitting the headlines, people think we are going to make a good buck. Yet if you grow it, you will likely get paid less than a week ago.
Its a serious problem...
Edited by farmer in ontario 8/4/2010 18:48
| |
|
Canadian Wheat Basis
