Farmers who watch futures prices at the Winnipeg Commodity Exchange may notice a downward jump in feed wheat when the October 2001 contract starts to trade.
That’s because the exchange has redesigned the contract, pending approval from the Manitoba Securities Commission.
The feed wheat futures price will now use central Saskatchewan as its pricing point instead of Thunder Bay, said WCE marketing director Bruce Love.
After surveying the grain industry, the exchange found it would make more sense for the contract to mirror prices in central Saskatchewan since that’s the region with the biggest surplus of feed wheat, Love said.
