One of the most important things needed in western Canada is a fully functioning wheat futures contract. Canola works very well because of the full transparancy of a futures contract that is within Canadian borders.
Peas don't have such a thing and they are much harder for farmers to price ahead on. Too much uncertainty if you have a complete crop failure.
US wheat contracts are nice, but much like cattle if there is some kind of political thing happens, you can have huge disconnect between futures and local basis. Also have to balance currency.
In a non CWB environment, there are a few marketing tools that would be handy. Hopefully they arrive soon.
Peas don't have such a thing and they are much harder for farmers to price ahead on. Too much uncertainty if you have a complete crop failure.
US wheat contracts are nice, but much like cattle if there is some kind of political thing happens, you can have huge disconnect between futures and local basis. Also have to balance currency.
In a non CWB environment, there are a few marketing tools that would be handy. Hopefully they arrive soon.
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