“The WCE Flaxseed Futures Contract has undergone several contract revisions over the past nine years in order to meet the changing needs of the flaxseed industry. However, the industry has demonstrated that its marketing strategies have changed significantly over the past few years whereby industry participants no longer utilize the futures market for pricing and risk management of flaxseed,” said Will Hill, WCE Senior Vice-President.
The flaxseed futures contract last traded on December 7, 2004. Flaxseed was one of the first three commodity futures contracts introduced for trading on the Exchange in 1904.
Winnipeg Commodity Exchange Inc., established in 1887, has been facilitating futures contract trading since 1904. WCE is Canada’s only agricultural futures and options exchange and the first commodity futures and options exchange in North America to fully convert from open outcry to electronic trading. For more information on the Exchange, visit www.wce.ca