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FLAT PAYMENT OF SURPLUS – for Aug. 30, 2010

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The Canadian Wheat Board says it will distribute surplus earnings to farmers who participate in the 2010-11 cash sales program of export feed barley delivered thorough Guaranteed Price Contracts (GPCs) if revenue for the year is above the average up-front cash price and CWB costs. The distribution will be a flat per-tonne payment paid equally to all farmers who participated in GPCs. The CWB said a surplus payment is not guaranteed, particularly in the face of extreme market volatility.

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