Mr. Greg Webb, registering member for ADM Agri-industries Ltd., and one of the members of the contract development committee, will ring the trading floor bell to launch trading of the contract at 9:30 a.m. Tuesday.
The canola meal futures contract, which compliments the successful WCE canola futures contract, will be of particular interest to canola processors, feed mills and the dairy/livestock industry for price discovery and risk management.
WCE is Canada's only agricultural futures and options exchange. WCE offers futures contracts on canola, canola meal, flaxseed, domestic feed wheat, western barley, and field peas. Options contracts are available on canola, flaxseed, feed wheat, and western barley.
For more information on this new contract and other WCE derivative products please visit the WCE Website - www.wce.mb.ca. Reference should be made to the WCE General Bylaw and Rule for complete and current details on the canola meal futures contract.
