Farmers
Fixed Price and Basis Price Contracts
2007-08 pricing schedule
Selected Barley (CW six-row)
Effective:
November 05, 2007
2:30 p.m. CST
Expires:
November 06, 2007
7:30 a.m. CST
The next pricing schedule will be available at 2:30 p.m. CST on November 06, 2007. Winnipeg is located in the Central Standard Time (CST) zone and all deadlines are quoted as CST.
Prices offered based on the references grade for Standard Select Six-Row, as per the "2007-08 CWB Fixed Price Contract for Selected Barley: Terms and Conditions" and "2007-08 CWB Basis Payment Contract for Selected Barley: Terms and Conditions", in store Vancouver or St. Lawrence, are:
| $ Cdn/tonne | $ Cdn/bushel | |||
|---|---|---|---|---|
| Futures Prices - Winnipeg Western Barley | ||||
| December 2007 | $184.80 | $4.02 | ||
| March 2008 | $198.10 | $4.31 | ||
| May 2008 | $204.10 | $4.44 | ||
| July 2008 | $207.10 | $4.51 | ||
PROVISIONS SPECIFIC to the Basis Payment Contract
- Basis contracts may be rolled to December 2007, March 2008, May 2008 or July 2008.
- Producers can lock in a December 2007, March 2008, May 2008 and July 2008 Futures Price.
- The Futures Price must be locked in on or before the Basis Contract Month Expiry Date.
| Futures Month | Basis Contract Month Expiry Date |
|---|---|
| December 2007 | 7:30 am November 30, 2007 |
| March 2008 | 7:30 am February 29, 2008 |
| May 2008 | 7:30 am April 30, 2008 |
| July 2008 | 7:30 am June 30, 2008 |
Target Pricing
The target pricing service, Target Price, provides producers the ability to place lock-in orders for their futures prices. Producers can inform the CWB the target price at which they want their contract locked in, the class of grain, tonnage and the time period over which the order is to stand.
The CWB will monitor prices daily and if the futures price on the pricing schedule (released daily at 2:30 pm) reaches or exceeds the target price, the order will be filled. Target orders are matched to the daily settlement values, and not to intra-day trading values. If the settlement price exceeds the target price, the producer's futures will be locked in for the higher settlement value. The service is free of charge and orders can be cancelled at any time before they are filled. Orders can be placed any time during the sign-up period. Producer's can place a target price order by calling the CWB at 1-800-275-4292 between 7:00 a.m. and 6:00 p.m. Central Time Monday to Friday or faxing in Target Pricing Order Form.
The CWB reserves the right to withdraw this Offer at any time and without prior notice. In order to be valid, any acceptance must be received at the CWB's head office in accordance with the approved methods of acceptance before the expiry or withdrawal of this Offer. The CWB will send written confirmation to the producer.
For more information on this or other Producer Payment Options, please contact the CWB at 1-800-275-4292.
The "2007-08 CWB Fixed Price Contract for Selected Barley: Terms and Conditions" and "2007-08 CWB Basis Payment Contract for Selected Barley: Terms and Conditions" apply to this Offer.