WINNIPEG (Staff) – The Winnipeg Commodity Exchange’s feed wheat futures contract may look a lot like the canola contract after
a series of consultations with
industry.
Sandra Craven, a spokesperson for the exchange, said Larry Martin, a consultant from University of Guelph’s George Morris Centre, has been working on suggested changes to the wheat futures. Martin was the driving force behind recent changes to the canola contract.
Craven said the exchange is looking at moving the pricing point for the contract from Thunder Bay to an interior point or region. “We’re giving some … very serious consideration to some points in Saskatchewan,” Craven said.
Read Also
Agriculture ministers agree to AgriStability changes
federal government proposed several months ago to increase the compensation rate from 80 to 90 per cent and double the maximum payment from $3 million to $6 million
She emphasized that although the exchange wants to make the changes as soon as possible, no changes have been finalized because the exchange is looking for feedback.
Suggestions wanted
“We’re trying to make sure that everybody who would like to contribute has an opportunity to do so, so we can ensure this contract is functional for all participants in the industry, including farmers,” Craven said.
The exchange has been reviewing all its contracts in light of the end of the Crow transportation subsidy and deregulation in transportation to make sure contracts are “still relevant for the industry,” Craven said.
