Complete details on the new contract, which compliments the Exchange’s very successful canola contract, and the exact launch date for trading the contract will be announced within the next few days.
Research has indicated that there is a need for a price discovery and risk management tool in the canola meal market, and WCE has invested considerable effort in the development of this product.
“This contract will be of particular interest to the canola processors, feed mills and the dairy/livestock industry for price discovery and risk management,” said Bruce Love, WCE Director of Marketing. “We believe that it will more closely reflect the underlying cash market, and provide a superior hedging tool for market participants.”
The contract, which will be traded and margined in US dollars, will have eight delivery months: January, March, May, July, August, September, October, and December.
WCE is Canada’s only agricultural futures and options exchange. WCE offers futures contracts on canola, canola meal, flaxseed, domestic feed wheat, western barley, oats, and field peas. Options contracts are available on canola, flaxseed, feed wheat, and western barley.
