ICE Futures Canada Receives Regulatory Approval for Introduction of Wheat and Barley Contracts.

[joedales]

ICE Futures Canada Receives Regulatory Approval for Introduction of Wheat and Barley Contracts.

WINNIPEG, Manitoba , Nov. 29, 2011 /CNW/ -- ICE Futures Canada, the Winnipeg-based agricultural exchange owned by IntercontinentalExchange (NYSE: ICE), today announced that the Manitoba Securities Commission has approved new futures contracts for milling wheat, durum wheat and barley.

(Logo: http://photos.prnewswire.com/prnh/20090727/CL51999LOGO )

The Canadian House of Commons yesterday passed Bill C-18, which will end the Canadian Wheat Board's monopoly for sales and marketing of Canadian wheat and barley in the export and human consumption markets as of August 1, 2012. The Bill requires approval by the Senate of Canada and Royal Assent to become law. Following enactment, ICE Futures Canada expects to be able to list the new contracts in January 2012, with the first contracts for delivery in October 2012.

Additional information on the new contracts, including specifications and product brochures, will be available at https://www.theice.com/futures_canada.jhtml.


About IntercontinentalExchangeIntercontinentalExchange (NYSE: ICE) is a leading operator of regulated futures exchanges and over-the-counter markets for agricultural, credit, currency, emissions, energy and equity index contracts. ICE Futures Europe hosts trade in half of the world's crude and refined oil futures. ICE Futures U.S. and ICE Futures Canada list agricultural, currencies and Russell Index markets. ICE is also a leading operator of central clearing services for the futures and over-the-counter markets, with five regulated clearing houses across North America and Europe. ICE serves customers in more than 70 countries. www.theice.com

The following are trademarks of IntercontinentalExchange, Inc. and/or its affiliated companies: IntercontinentalExchange, ICE, ICE and block design, ICE Futures Europe and ICE Clear Europe. All other trademarks are the property of their respective owners. For more information regarding registered trademarks owned by IntercontinentalExchange, Inc. and/or its affiliated companies, see https://www.theice.com/terms.jhtml

[Tom4Wildrose]

Joe,

We had an excelent presentation from the ICE this morning in Winnipeg.

I will try to get the power point presentation and work with you to get it posted up here.

What a marvelous opportunity we have to add milling wheat, durum and a barley contract that will be transparent and arbitage the international market place just as Canola does today!

The Chicago wheat contract only has physical trade of 10mmt of soft white wheat. Our new ICE hard milling wheat contract with the northern US and western Canada will have 25mmt plus of physical movement/trade. It certainly looks like it will become the prime wheat contract at least equal to KBOT.

These ICE wheat and durum contracts will be in CDN$ and centered in western Canada just like ICE Canola.

We will finally have decent risk management and basis risk minimised for our farms. Too bad this didn't happen in 1998 when Goodale should have fixed these problems.

[BTOfarmallll]

Jesus Christ, I don't think yous coulda given JeanDePaper' a better Christmas Gift than this. Good thing too as I see theys are almost done putting the finishing touches on his Bins @ Seedex @ Latellher. Needs to hold some Physical, case he gets caught with his pants down on The Wrong side of The Trade!!!!!!!!!!