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ICE Futures Canada Launches New Canadian Grain Contracts on January 23

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New Contracts Listed Reflect Market Participant Demand

ICE Futures Canada will introduce three new futures and options contracts for durum wheat, milling wheat and barley January 23. The contracts are being launched following the end of the Canadian Wheat Board’s legal monopoly to market all wheat, durum wheat and barley grown in Western Canada and destined for human consumption or export. The new ICE contracts take advantage of the changed regulatory environment that allows these Western Canadian grains to be freely traded for the first time in nearly 70 years.

Domestic and international market participants have expressed substantial demand for global benchmark futures contracts designed specifically for these products. The contracts are modeled on ICE Futures Canada's canola futures contract, which has annual trading volume in excess of 4 million contracts (80 million tonnes) and is familiar to Canadian farmers, merchants and processors, as well as the international trading community. The contracts are priced in Canadian dollars and were designed in consultation with grain market participants. ICE Futures Canada expects to have market maker support for the new products to help support market liquidity.

New Product Webinar on Thursday, January 19, at 2:00 PM CT: Overview and 2012 Forecast

ICE Futures Canada and the Western Canadian Wheat Growers are co-sponsoring an informational live webinar about the new products on Thursday, Jan 19, at 2:00 p.m. Brad Vannan, president of ICE Canada, presents a brief overview of the new contracts and the ICE Canada markets. David Hightower, founder and editor of the Hightower Report, follows Brad’s presentation with a forecast for the international grains market in 2012, focusing specifically on the outlook for the western Canadian grains and followed by trading ideas for using the new futures and options markets.

You can register for the webinar at www.theice.com/grains_webinar.

More Info New ICE Canadian Grains: www.theice.com/grains

Contract Details


  • Contract months March, May, July, October and December (Oct 2012 first month to be listed)
  • Trading hours (electronic trading only): 7:00 p.m. CT to 1:15 p.m. CT the next


More Details

ICE Futures Canada Milling Wheat White Paper

ICE Futures Canada Durum Wheat White Paper

ICE Futures Canada Barley White Paper

The Opinions expressed are the opinions of the author. The opinions, the trading styles, trading information and trading programs are not endorsed by the NIBA, but are the individual opinions, styles, information and programs of the author.

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