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CWB launches new pricing program for feed wheat

Dec 1, 2010 | 8:04 AM

Winnipeg – To better serve farmers who have feed wheat to market, the CWB has created a new pricing option.

 

“Wet weather throughout the growing season means more feed wheat in the bins than there has been in at least six years. This has created a difficult situation for many farmers,” said Ian White, CWB president and CEO. “As much as a quarter of all wheat harvested this year could grade as feed.”

 

The new pricing program, launched today, gives farmers the choice of immediately locking in prices for Canada Western feed wheat. It uses the CWB's Early Payment Option in a new way, as a means of striving for the highest returns for feed wheat from the current market environment.

 

“Farmers tell us they'd like to lock in a feed wheat price this year, so we've adapted an existing program to enable them to do that,” White said. “Farmers can now choose the feed-wheat price that suits them best, taking into account their market view and cash flow needs.”