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).
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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.
