Since Aug. 1, farmers have been able to lock in delivery periods for Canada Western Red Spring Wheat grades through an expanded Delivery Exchange Contracts program.
The Canadian Wheat Board is allowing farmers to sign up amounts of No. 1, 2, 3 or 4 CWRS for specific delivery periods. Farmers can either hang onto those contracts and use them to ensure 100 percent acceptance of their grain, or trade them to other farmers who have signed up for the program.
The program effectively takes that contracted grain out of the contract call system, which never guarantees farmers that they can move all the grain they want to at a given time.
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If a person who is in the program wants to obtain a delivery contract for a different period than he has, he will be able to call the wheat board and get a list of names of farmers who have the contracts.
The board will take no part in any of the farmer-to-farmer deals.
Last year the program was tested out in southern Saskatchewan, with mixed success. Only 124 farmers used it to deliver 71,000 tonnes altogether, far below the 500,000 tonne cap that the board had established.
Only one contract was actually traded farmer-to-farmer.
By making the program prairie-wide, the board hopes more farmers will sign up and trade the contracts.
The 500,000 tonne cap will remain and the program will operate first come, first served until Oct. 31.
