Western barley

rsmith

Junior Member

Join Date: Mar 2003

Posts: 20
#1

Western barley

Mar 2, 2004, 21:07

What is the procedure to deliver on a barley future. What would the net price be on fall $147 barley?
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charliep

Senior Member

Join Date: Oct 2000

Posts: 9002
#2

Mar 3, 2004, 07:57

The WCE has the process for delivery described in the following document.

http://www.wce.ca/education/contractspecs/WBarleyDelivMan_Dec2002.pdf

The actual price you will recieve will depend on the freight grid and where you live.

http://www.wce.ca/education/contractspecs/westernbarleymap.asp

Has anyone worked through the process of delivering against western barley futures?
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Ron

Senior Member

Join Date: Mar 2001

Posts: 718
#3

Mar 4, 2004, 09:57

Let us know how you make out if you attempt to deliver. thanks
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rsmith

Junior Member

Join Date: Mar 2003

Posts: 20
#4

Mar 5, 2004, 00:21

Thanks Charlie.The other way to read it is to go to WCE website,then publications,then delivery manual.

It looks like you have to be a lawyer to get through all the hoops, but it would be worth about $8 per tonne over current offers in our area.

Has anyone delivered this way and was it worth the hassle?
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