The former Winnipeg Commodity Exchange will remove its December 2008 and later feed wheat contracts from trading, starting Wednesday evening.
ICE Futures Canada, as the WCE has been known since January , announced its decision Tuesday in a notice to exchange participants.
The removal of December 2008 and subsequent contracts will take effect on ICE’s trade date of Thursday, May 22, which starts at 8 p.m. CT Wednesday (May 21), ICE said.
According to the exchange’s notice on Tuesday, ICE Futures Canada’s board of directors has struck a feed wheat subcommittee to review the contract specifications and make recommendations on potential improvements and changes that could encourage future growth and trading volume for a feed wheat contract.
The subcommittee was struck on the advice of ICE Futures Canada management. They also recommended that the new subcommittee report back by no later than Sept. 1 with recommendations for the board’s contracts committee.