The Canadian Wheat Board has announced changes to the GrainFlo and Series contracts for the new crop year beginning Aug. 1.
The GrainFlo tonnage cap will more than quadruple to three million tonnes for Canada Western Red Spring (CWRS) wheat. The cap will triple to 600,000 tonnes for Canada Western Amber Durum (CWAD).
GrainFlo will have two delivery periods in 2010-11, down from four.
Storage will be paid on all Series contracts for CWRS, CWAD, Canada Western Hard White Spring (CWHWS), Canada Western Red Winter (CWRW), Canada Western Soft White Spring (CWSWS) and Canada Prairie Spring Red (CPSR). Storage starts January 1 and payments are 3.3 cents per tonne per day, or about $1 per tonne per month.
Guaranteed Delivery Contracts (GDCs) will be the sole delivery contracts available for two specialty classes: Canada Western Extra Strong (CWES) and Canada Prairie Spring White (CPSW).
Series A contracts are available for CWRW, CWSWS and CPSR. Once Series A expires, GDCs will be the sole delivery contracts available for these classes for the rest of the crop year.
Farmers participating in the Churchill Storage Program and Wheat Storage Program will receive the majority of their storage payment upfront, at the same time as their premium payment. Previously, payments were made monthly.
More details are available at www.cwb.ca/delivery.