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Input Capital Corp. Comments on Canola Markets
Input Capital Corp. Comments on Canola Markets Canada NewsWire REGINA, March 27,...
About this update from Ssc Security Services Corp.
[{"type":"text","content":"\n\n\n\nInput Capital Corp. Comments on Canola Markets\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nREGINA, March 27, 2019\n\n\n\nREGINA, March 27, 2019 /CNW/ - Input Capital Corp. (\"Input\" or the \"Company\") (TSX Venture: INP) (US: INPCF) today provided the following update to shareholders regarding recent canola headlines involving Canada's canola trade with China:\nInput's canola sales program for 2018 crop and the revenue associated with it is unaffected by the trade issues with China because:\nInput sells canola primarily to domestic canola crushing plants whose customers tend to be in Canada and the USA, not overseas. Only a small percentage of Input's canola sales are into the overseas canola seed export market. Approximately 95% of Input's sales of 2018 crop are complete and the remaining 5% has been contracted for sale for several months at higher prices than prevail today. For example, for a recently delivered canola load, Input was paid proceeds of $495.40 net per tonne, even though the spot bid price at the same location is $409.40 net per tonne. Recent market fluctuations reinforce the value of Input's marketing and mortgage streams to farmers:\nOur marketing stream clients are receiving about $470 net per tonne this year, compared to spot bids today of $410 to $425 per tonne, depending on location. Our mortgage streams offer a guaranteed canola price for the term of the mortgage. This price certainty helps farmers plan ahead and sleep at night without worries about market fluctuations.We encourage and support the Canadian government's efforts to end the uncertainty currently being faced by western Canadian farmers by resolving these trade issues as soon as possible. \nABOUT INPUT\nInput is an agriculture commodity streaming company with a focus on canola, the largest and most profitable crop in Canadian agriculture. The Company has developed several flexible and competitive forms of financing which help western Canadian canola farmers solve working capital, mortgage finance and canola marketing challenges and improve the financial p...