The Canadian Wheat Board’s effective pricing period for its producer payment option programs will now run from 3 p.m. to 9 p.m. (CT) each business day.
The CWB said in a bulletin Friday that it made this adjustment “in order to better manage trade risk on these programs.”
An exchange-for-physicals can be undertaken to accommodate trading outside the pricing period, the board said, noting that a no-charge target pricing service is available for those who wish to lock in a specific target price for their Fixed Price (FPC) or Basis Price contracts (BPC).
Read Also
Field-by-field mapping could improve yield, productivity predictions
University of Saskatchewan researchers are using field border mapping to collect data on field variability, including problematic weeds, and to predict things like yields.
The CWB on Friday also said it will not offer the March 2009 futures month under its BPC program for basis or futures lock-ins “until such time that there is sufficient liquidity in the market.”
Online sign-up
The CWB on Monday announced that farmers who use the FPC or BPC programs, starting with 2008-09, may now sign up online and get “instant confirmation” of their transactions.
Online sign-up for identity preserved contracts and Guaranteed Delivery Contracts (GDCs) is scheduled to begin in the new crop year, which begins Aug. 1, the board said in a release Monday. It said it expected more CWB e-payment options to be introduced in the fall.
