Winnipeg Commodity Exchange

based in Winnipeg, Manitoba, Canada.

WCE Contact Information
Winnipeg Commodity Exchange Inc.
400 Commodity Exchange Tower
360 Main Street
Winnipeg, Manitoba, Canada R3C 3Z4

Serious Information

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Winnipeg Commodity Exchange is a derivatives market. Futures and options contracts are electronically traded in feed wheat, western barley and canola. Winnipeg Commodity Exchange Inc. does not trade stocks. The Exchange trades agricultural commodity futures contracts and options on futures contracts. WCE began existence as the Winnipeg Grain & Produce Exchange in 1887.

A futures contract is a standardized, exchange-traded, transferable obligation to buy or sell a specified quantity of the underlying item (eg-canola) within a specified futures period (the delivery month) at an agreed upon price. Standardization is the key difference between forward cash contracts and futures contracts. Forward contracts are specific agreements between two parties, where all of the elements of the contract are negotiated. In futures trading, traders buy or sell contracts to take or make delivery of a commodity at a future date (hence the name futures contracts).

1887 The Winnipeg Grain & Produce Exchange, an unincorporated Association, Cash markets: Wheat, Oats, Barley
1888 Call markets, Flour, Bran, Wheat, Barley, Peas, Oats, Oatmeal, Corn, Rye
1891 The Winnipeg Grain & Produce Exchange incorporated by Act of Manitoba Legislature
1904-1943 Wheat futures market, delivery Thunder Bay
1904-1973 Oats futures market, delivery Thunder Bay
1904-1996 Flaxseed futures market, delivery Thunder Bay
1908 The Winnipeg Grain Exchange, a voluntary, unincorporated, non-profit, self-regulatory Association
1913-1973 Barley futures, delivery Thunder Bay
1915-1919 Wheat futures suspended
1917-1995 Rye futures
1943 Wheat futures withdrawn
1963-1995 Vancouver Rapeseed/Canola futures, with interior alternative delivery points
1967-1975 Live Beef Cattle futures, delivery Calgary, Winnipeg, Toronto
1968-1971 Maritime Potato futures, delivery Montreal
1970-1977 Thunder Bay Rapeseed futures
1972 The Winnipeg Commodity Exchange, change of name
1972-1980 400 oz. Gold futures
1974-1976 Eastern Corn futures, delivery Montreal
1974-1981 100 oz. Gold futures
1974-1989 Domestic Feed Oats futures, delivery Thunder Bay
1974-1994 Domestic Barley futures, delivery Thunder Bay
1974-1996 Domestic Feed Wheat futures, delivery Thunder Bay
1979-1981 Call Option on 100 oz. Gold futures
1981-1985 Treasury Bill futures
1981-1985 Long Term Bond futures
1981-1988 20 oz. Gold futures
1981-1988 Call Option on 20 oz. Gold futures
1981-1988 200 oz. Silver futures
1983-1989 Alberta Barley futures, delivery Calgary, Lethbridge
1984 Flaxseed, interior alternative delivery points
1987 WCE 100th Anniversary of Founding
1988-1999 Canola Cash Call Market
1989 Oats return to open market
1989 Western Barley futures, deliverable throughout Alberta, basis Lethbridge
1991 Options on Canola
1992 Oats, interior alternative delivery points
1992 Options on Feed Wheat
1993-2005 Options on Flaxseed
1993 Barley, Continental/North American - Open Market (Aug 1 - Sept 10)
1993 Western Barley futures, delivery throughout regions in Manitoba, Saskatchewan, and Alberta
1993-1995 Canadian Domestic Feed Barley Futures and Options
1993 Options on Western Domestic Feed Barley
1994 Canola, multiple interior delivery points
1995 Canola futures, interior pricing
1995-1999 Feed Pea futures
1996 Western Barley futures, warrant delivery
1996 Feed Wheat futures, interior delivery added
1996 Flaxseed futures, Manitoba/Saskatchewan pricing
1996-2001 Oat futures, Minneapolis pricing
1996 Winnipeg Commodity Exchange, incorporated by Act of Manitoba Legislature
1997 Flaxseed futures, delivery regions revised, Thunder Bay eliminated as a delivery point (effective March 1998)
1997 Canola futures, Vancouver eliminated as a delivery point (effective July 1998)
1998 WCE Clearing Corporation established (WCECC)
1999-2002 Field Pea futures
2000 Manitoba Securities Commission becomes regulatory authority
2001 Feed Wheat futures, delivery regions revised, Thunder Bay eliminated as delivery point on February 14, 2001 (revisions effective with Oct 2001 contract and forward)
2001-2003 Canola Meal futures
2001 Demutualization (November 1, 2001) - Winnipeg Commodity Exchange Inc.
2003 Revised flaxseed contract design launch date June 5, 2003 (effective with Dec 2003 contract and forward).
2003 Exchange for Risk ("EFR") Transactions (effective January 1, 2003)
2004 WCE 100th Anniversary of Futures Contract Trading (February 1, 2004)
2004 Last day of open outcry trading on WCE - December 17, 2004
2004 WCE futures and options contracts launched on electronic trading platform, December 20, 2004
2005 Flaxseed futures and options de-listed October 28, 2005

Trivia

Winnipeg is a Canadian city, and the capital of the province of Manitoba. Located in Western Canada, Winnipeg plays a prominent role in transportation, finance, manufacturing, agriculture and education. It is known as the Gateway to the West. Winnipeg is the province's largest city with a population of 619,544 people (2001 Canadian Census). The name Winnipeg is a transcription of the western Cree word wi-nipe-k, meaning "muddy waters" from wi-ni - dirty, or soiled - and nipiy - water. It is the Cree name of Lake Winnipeg, some sixty kilometres to the north

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