CWB News Release.
CWB has extended the deadline for its Early Delivery Pool from Sept. 28 until noon tomorrow (Oct. 2) in order to accommodate a high volume of online farmer sign-up that caused technical delays during the final day on Friday.
The Early Delivery Pool provides earlier guaranteed delivery and payment through a shorter pool, running from harvest until Jan. 31, with all the risk-management benefits of pooling.
CWB's Harvest Pool remains open for farmer sign-up until Oct. 31. After that deadline, farmers' remaining options this year will be cash contracts through CWB or other grain companies, as there are no longer any subsequent "Series" contracts, which were normally offered throughout the winter in previous years.
CWB is paying protein premiums up to 14.5 per cent for Canada Western Red Spring wheat, which is higher than most other available contracts in Western Canada. CWB pool contracts pay premiums for every tenth of a percent of protein. Because of CWB's wide bands for deliverable protein and grades, its pools will pay the correct value for the actual wheat protein content that farmers deliver.
CWB has expanded all grade and protein bands for farmer deliveries of hard red spring wheat and durum to its pools. Farmers will now find it easier to choose their contracted grade, and face significantly less risk of misgrade on deliveries. All current grade bands have been adjusted, and protein bands are now much wider. A new chart outlining the deliverable bands and payment ranges has been posted at cwb.ca under the "Farmers" tab (www.cwb.ca/edp). CWB advises that accurate contracting will assist farmers with delivery opportunity and help ensure smooth service at the elevator. There is no charge for producers to change contracts to improve grade or protein accuracy within the deliverable band.
CWB has extended the deadline for its Early Delivery Pool from Sept. 28 until noon tomorrow (Oct. 2) in order to accommodate a high volume of online farmer sign-up that caused technical delays during the final day on Friday.
The Early Delivery Pool provides earlier guaranteed delivery and payment through a shorter pool, running from harvest until Jan. 31, with all the risk-management benefits of pooling.
CWB's Harvest Pool remains open for farmer sign-up until Oct. 31. After that deadline, farmers' remaining options this year will be cash contracts through CWB or other grain companies, as there are no longer any subsequent "Series" contracts, which were normally offered throughout the winter in previous years.
CWB is paying protein premiums up to 14.5 per cent for Canada Western Red Spring wheat, which is higher than most other available contracts in Western Canada. CWB pool contracts pay premiums for every tenth of a percent of protein. Because of CWB's wide bands for deliverable protein and grades, its pools will pay the correct value for the actual wheat protein content that farmers deliver.
CWB has expanded all grade and protein bands for farmer deliveries of hard red spring wheat and durum to its pools. Farmers will now find it easier to choose their contracted grade, and face significantly less risk of misgrade on deliveries. All current grade bands have been adjusted, and protein bands are now much wider. A new chart outlining the deliverable bands and payment ranges has been posted at cwb.ca under the "Farmers" tab (www.cwb.ca/edp). CWB advises that accurate contracting will assist farmers with delivery opportunity and help ensure smooth service at the elevator. There is no charge for producers to change contracts to improve grade or protein accuracy within the deliverable band.