Rolf Penner- Hottest wheat market ever and the CWB response is to give producers who want to price their grain into this rally the worst basis they have ever offered. Every other year it started as a positive, this year its a negative $29.10/tonne. And to top it all off this year you have less opportunity than ever to pull the trigger as the board will only be taking calls from 3pm until 9pm, they are no longer taking orders in the morning before the market opens.

Its the CWB version of competition and choice, they can’t even successfully compete against themselves and somehow less choice in when you can price will be sold to you as more.

This chart is courtesy of Mike Jubinville and his Pro Farmer Canada marketing newsletter. You can check it out and sign up for a free trial here.