The primary revisions to the contract specifications include pricing in Canadian dollars, the elimination of U.S. origin flaxseed as deliverable, and the elimination of Thunder Bay, Ontario and U.S. delivery regions. The revised contract also mirrors the terms of delivery that are applicable to the November 2005 and forward canola futures contract.
WCE will list the December 2004, March 2005, May 2005 and July 2005 flaxseed futures contracts for trading under the revised contract terms on Thursday, September 16, 2004.
The October 2004 flaxseed futures contract, which is listed under the terms of the previous contract, will be removed from trading at the close of market on Wednesday, September 15, 2004.
Winnipeg Commodity Exchange Inc., established in 1887, has been facilitating futures contract trading since 1904. WCE is Canada’s only agricultural futures and options exchange and offers futures and options contracts on canola, flaxseed, domestic feed wheat, and western barley. For more information on the Exchange, visit www.wce.ca
