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Canadian malting barley companies to offer new contracts

When the only buyer of wheat and barley in Western Canada was the Canadian Wheat Board, there was no need for a futures market in those grains. With the Wheat Board losing its monopsony, ICE Futures Canada -- the former Winnipeg Commodity Exchange -- is set to list three new futures contracts to help farmers and grain handlers determine pricing and hedge. ICE Canada said it got Manitoba Securities Commission approval to list contracts for milling wheat, durum wheat and barley. The contracts are expected to be listed in January, once the Bill to end the Wheat Board's dominance is enacted. Starting in January, Canadian farmers will be able to buy and sell wheat and barley futures contracts on the ICE Canada exchange.

written on 03.12.2011 um 13:30.


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