Canadian Wheat Board not yet buying 2012/13 grains

notafarmer

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The Canadian Wheat Board said on Friday it will offer farmers grain pools, cash contracts and marketing advice in its new role after it loses its monopoly this year.

But it is still working out details and is not yet offering those programs, said CWB spokeswoman Maureen Fitzhenry, while grain handlers lock up more of the 2012-13 crop through forward contracts.

The CWB offered slightly more detail of what its role will be in August when it loses its marketing monopoly over Western Canada?s wheat and barley for milling or export.

Grain handlers such as Viterra, Cargill and Richardson International are already signing forward contracts with farmers for delivery of the 2012-13 harvest after the CWB?s monopoly ends on Aug. 1.

The CWB will offer short- and longer-term pools for grain, as well as cash contracts, in which farmers choose when they price and sell their crops.



Read more: http://www.calgaryherald.com/busine...+2012+grains/5991735/story.html#ixzz1jNNCRRYZ
 
 
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