WCE Revises Barley Contract

WINNIPEG - Jun 6/06 - SNS -- The Winnipeg Commodity Exchange (WCE) will launch trading in a revised western barley futures contract by August 1, 2006 commencing with the October 2007 futures contract subject to approval by the WCE Board of Directors and The Manitoba Securities Commission.

Modeled after the WCE canola futures contract, the western barley contract will have par pricing in central Saskatchewan. Non-par delivery regions are located in Saskatchewan, Manitoba and Alberta, and in the Peace River District.

The par contract deliverable grade for the revised contract is non-commercially clean barley with all specifications to meet Canadian Grain Commission primary elevator grade standards for No. 1 Canada Western barley. There are also rule provisions for delivery of barley with alternate test weights at set premiums and discounts. The revised barley contract has the same trading months as the current western barley contract (October, December, March, May and July). The daily price limit on the revised contract is $10.00 per tonne.

Any outstanding western barley Warrants and Delivery Certificates as at September 28, 2007 will be converted to the revised contract in accordance with a process set out by the Exchange.