2006-06-12
Author: AM 1250/Mix 96 News
The Winnipeg Commodity Exchange's western barley contract is getting an overhaul and will be relaunched by August 1st, 2006.  It will begin trading with the October 2007 futures contract.  Senior Vice President Will Hill says the move was in response to the possibility of a dual marketing environment.
The new contract is modeled after the Exchange's canola futures contract, having par pricing in central Saskatchewan.  Non-par delivery regions are located in Saskatchewan, Manitoba, Alberta, and in the Peace River district.
Hill notes any outstanding western barley warrants and delivery certificates as of September 28th, 2007 will be converted to the revised contract in accordance with a process set out by the Exchange.