Farmers
Early Payment Options
2007-08 pricing schedule
Durum (CWAD)
Effective:
November 16, 2007
2:30 p.m. CST
Expires:
November 19, 2007
7:30 a.m. CST
The next pricing schedule will be available at 2:30 p.m. CST on November 19, 2007. Winnipeg is located in the Central Standard Time (CST) zone and all deadlines are quoted as CST.
Prices offered based on the reference grades for CWAD, as per the “2007-08 Early Payment Option for Durum: Terms and Conditions”, in store Vancouver or St. Lawrence, are:
| $ Cdn/tonne | $ Cdn/bushel | |||||
|---|---|---|---|---|---|---|
|
$469.00 | $12.76 | ||||
| Early Payment Value (EPV)( 100 per cent ) | $469.00 | $12.76 | ||||
| Discount* | $58.00 | $1.58 | ||||
| Early Payment Value (EPV)( 90 per cent ) | $422.10 | $11.49 | ||||
| Discount* | $20.75 | $0.56 | ||||
| Early Payment Value (EPV)( 80 per cent ) | $375.20 | $10.21 | ||||
| Discount* | $3.25 | $0.09 | ||||
|
*deducted from the EPV to determine the early payment made by the CWB |
||||||
Incremental Payment
An incremental payment will be made to compensate farmers for durum delivered in later months of the crop year.
The incremental payment reflects the time value of money in $/tonne. The payment summary for CWAD is as follows:
| Settlement Month | Aug. | Sep. | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | Apr. | May. | Jun. | Jul. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 100 per cent | $0.00 | $0.00 | $0.00 | $0.00 | $0.75 | $1.50 | $2.20 | $2.90 | $3.55 | $4.05 | $4.65 | $5.10 |
| 90 per cent | $0.00 | $0.00 | $0.00 | $0.00 | $0.60 | $1.10 | $1.60 | $2.05 | $2.45 | $2.75 | $3.10 | $3.30 |
| 80 per cent | $0.00 | $0.00 | $0.00 | $0.00 | $0.35 | $0.60 | $0.90 | $1.15 | $1.30 | $1.40 | $1.45 | $1.50 |
Delivery Guarantee
The CWB will guarantee producers who sign an EPO for durum that a minimum of 80 per cent of all their production offered under 2007-08 durum delivery contracts will be accepted, up to a maximum of their durum EPO tonnage. Producers must maximize the tonnage offered under series A delivery contracts.
Guaranteed Delivery Contracts (GDCs) offer 100 per cent acceptance therefore the 80 per cent delivery guarantee does not apply.
The EPO for durum is a payment option only, with no delivery terms.
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 prior to 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 Early Payment Option for Durum: Terms and Conditions" apply to this Offer.