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Farmers

2011-12 FlexPro

Please ensure the tonnage you commit to this Producer Payment Option (PPO) program does not exceed your delivery contract tonnage. If you cannot deliver 100 per cent on this PPO contract, you will be subject to pricing damages.

User guide

What is it?

The FlexPro contract is a pricing option that offers a daily cash price throughout the crop year.

When is it available?

Sign-up period (tonnes only) for 2011-12 crop year: July 18 to
March 15, 2012

Pricing period: Aug 2, 2011 to July 31, 2012

Lock-in deadline: contract must be priced by July 31, 2012

If you have not priced your contract by July 31, your contract will automatically be locked in using the July 31 price.

Where do I find prices?

Prices are offered each business day from 3 p.m. CT (Winnipeg time) to the expiry time posted on the daily pricing schedule.

Prices offered are based on in store Vancouver or St. Lawrence values. You must deduct country handling and freight to determine your farmgate value.

Quoted prices are based on a reference grade.

Reference grades

CWRS No. 1 CWRS 13.5
CWHWS No. 1 CWHWS 13.5
CWES No. 1 CWES
CPSR No. 1 CPSR
CPSW No. 1 CPSW
CWRW No. 1 CWRW 11.0
CWSWS No. 1 CWSWS

For your convenience, the CWB will e-mail you the prices for all programs. When you subscribe to this free service you can choose to receive all prices or only those for the class or classes of wheat you grow.

Subscribe to the Daily PPO Prices bulletin

To help you make pricing decisions, we offer an online price pace calculator. The calculator gives you an estimate of the amount of wheat you've priced.

Pricing pace info

How do I get paid?

When you deliver your grain to the elevator you advise the agent to apply the tonnes to your FlexPro contract.

You will receive your payment in two parts:

  • the initial price at elevator for grade delivered and
  • an additional payment from the CWB on any tonnes that are fully priced within 10 business days of the cash ticket being applied to the FlexPro contract. If you delivered more tonnes than you priced, you will receive the additional payment when you price them. The additional payment is always based on the reference grade initial price.

Additional payment calculation: FlexPro price + adjustment factor – reference grade initial price (in effect when tonnes are applied to the FlexPro contract) – feed spread adjustment (if applicable)

Once you've received your additional payment, you have received the full value of your pricing contract. You are not eligible for any adjustment, interim or final payments.

When can I deliver against the contract?

You must sign a delivery contract with the CWB and wait for delivery calls.

What can I deliver?

All grades except sample and mixed grades can be delivered against your FlexPro contract. However, feed grades are subject to an additional feed spread adjustment.

What are my risks?

Quality risk: FlexPro contracts are for milling grades. You can apply feed grades but they are subject to an additional feed spread adjustment Feed grades are: No. 4 CWRS, No. 4 CWHWS, No. 3 CWSWS, CW Feed and CW General Purpose.

The feed spread adjustment adjusts the value of your contract to reflect the current spread between milling quality and feed values. The feed spread adjustment is posted on the daily pricing schedule. It is locked in on the cash ticket settlement date.

Production risk: FlexPro contracts require 100 per cent delivery. If you are short on your contract, you have the option of assigning the contract to another producer or buying out the contract. The buy out is based on market conditions.

Can I target a price?

Yes, the CWB provides a free target pricing service. Target orders can be placed at any time during the lock-in period. Targets are matched against the daily FlexPro price posted on the pricing schedule.

Target orders can be cancelled at any time before they are filled.

How can I sign-up ?

If you subscribe to e-Services, you can complete a sign-up transaction.

You can call the 1-800 number (1-800-275-4292) between 3 p.m. and 5 p.m. CT (Winnipeg time). You must provide your CWB 10-digit producer ID number and four-digit Pin.

You can print off a form from the Web site and fax it to 1-204-983-8031.

Who can help me if I need more information?

You can contact Program Service Representative:

Mavis Willson 204-250-4469

You can call 1-800-275-4292.

Historical price charts

There are charts on the Web site showing historical pricing information for FlexPro contracts.

Terms and conditions

Please ensure you understand how the contracts work before you commit tonnage to a pricing contract.

Is there more detailed information available?

A complete user guide is available.

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