Farmers
Early Payment Options
2007-08 pricing schedule
Wheat (CWSWS)
Effective:
November 23, 2007
2:30 p.m. CST
Expires:
November 26, 2007
7:30 a.m. CST
The next pricing schedule will be available at 2:30 p.m. CST on November 26, 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 CWSWS, as per the "2007-08 Early Payment Option for Wheat: Terms and Conditions", in store Vancouver or St. Lawrence, are:
| $ Cdn/tonne | $ Cdn/bushel | |||||
|---|---|---|---|---|---|---|
|
$270.00 | $7.35 | ||||
| Early Payment Value (EPV)( 100 per cent ) | $270.00 | $7.35 | ||||
| Discount* | $16.50 | $0.45 | ||||
| Early Payment Value (EPV)( 90 per cent ) | $243.00 | $6.61 | ||||
| Discount* | $5.25 | $0.14 | ||||
|
*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 wheat delivered in later months of the crop year.
The incremental payment reflects the time value of money in $/tonne. The payment summary for CWSWS 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 | $0.00 | $0.30 | $0.55 | $0.80 | $1.00 | $1.20 | $1.40 | $1.60 |
| 90 per cent | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.15 | $0.25 | $0.35 | $0.45 | $0.50 | $0.55 | $0.60 |
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 Wheat: Terms and Conditions" apply to this Offer.