The Durum Wheat contract prices physical delivery of Canada Western Amber Durum (CWAD) wheat free-on-board at elevators in South-western Saskatchewan, with additional delivery points in South-eastern Saskatchewan and Southern Alberta.
|Pricing Basis||Free on Board points in the Par Region|
|Delivery Months||March, May, July, October, December|
|Deliverable Specifications||Contract deliverable grades shall be based on primary elevator
grade standards as established by the Canadian Grain Commission
(1) Non-commercially clean Canadian durum wheat with a minimum of 12.5% protein, a maximum of 2.0 ppm vomitoxin, and a maximum dockage of 1% (dockage deductable to CGC standards), all other specifications to meet No. 1 Canada Western Amber Durum Wheat at par; or
(2) Non-commercially clean Canadian durum wheat with a minimum of 12.5% protein, a maximum of 2.0 ppm vomitoxin, and a maximum dockage of 1% (dockage deductable to CGC standards), all other specifications to meet No. 2 Canada Western Amber Durum Wheat at a discount of $5.00 per net tonne.
|Delivery Points||Par - Locations in Saskatchewan, West of Moose Jaw and south
of Saskatoon, and at Saskatoon.
Southeast Saskatchewan - Locations in Saskatchewan, at and east of Moose Jaw, at a $6.00 per tonne premium.
Southern Alberta - Locations in Alberta, at Calgary and south of Calgary, and at Oyen, at a $6.00 per tonne discount.
|Contract Size||1 contract = 100 tonnes|
|Trade Match Algorithm||First-in-First-out (FIFO).|
|First Notice Day||One Trading Day prior to the first delivery day.|
|First Delivery Day||First Trading Day of the delivery month.|
|Last Trading Day||Trading Day preceding the fifteenth calendar day of the delivery month.|
|Minimum Price Flux||$0.10/tonne ($10.00 per contract)|
|Daily Price Limit||$20.00/tonne above or below previous settlement, expandable to $30 and then to $40.|
|Reasonability Limit||50 ticks ($5.00)|
|Speculative Position Limit||200 contracts in delivery month|
Clearing Admin NameDurum Wheat