ICE Futures Canada Announces First Trades of New Wheat Contract
2012-01-24 16:17:33
ICE Futures Canada, Canada's leading agricultural exchange and a subsidiary of IntercontinentalExchange (NYSE: ICE), announced the successful introduction of its new milling wheat futures contract, which began trading today.
The return of wheat futures trading to Canada after nearly 70 years follows enactment of Federal legislation ending the Canadian Wheat Board's monopoly for sales and marketing of Canadian wheat and barley in the export and human-consumption markets as of August 1, 2012. Canada is a leading global exporter of wheat and the world's largest supplier of durum wheat.