"The new Federal Conservative Government has promised to move toward the implementation of a dual marketing system in Canada for the export of Canadian wheat and barley. WCE will have risk management products in place when the changes occur", said Lorne DeJaeger, Chairman.
The new contracts for spring and durum wheat and the revised contract for barley are modeled on the WCE flagship canola contract, with all three contracts having corresponding options contracts. "The major features of the contracts have been designed and the details will be finalized in the next few weeks", said Will Hill, Sr. Vice President of the Exchange.
WCE has been providing price discovery and risk management tools for a variety of commodities and financial instruments for over 100 years. WCE has worked with stakeholders in the canola industry within Canada and globally for over 40 years, where today the WCE contract is recognized as the world price discovery and risk management vehicle for canola and rapeseed throughout the world.
"Canadian farmers and grain industry players can be confident that Winnipeg Commodity Exchange Inc. will be offering valuable made-in-Canada solutions to risk management and price discovery for wheat and barley in the dual market system. The canola contract is a vital part of the canola industry in Canada and we expect these contracts will also be a vital part of the grain industry", said Mike Gagné, President and CEO of WCE.
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 North America's first fully electronic commodity exchange.
