Commercial Grain Trade – For grain sold in Canada, are there trade rules or common terms that are typically referenced?

For grain sold in Canada, are there trade rules or common terms that are typically referenced?

No, there are no standardized rules for grains and oilseeds delivered to Canadian elevators. (There may, however, be some Canadian buyers that reference NGFA rules on U.S. to Canada transactions, similar to the terms in the U.S., and some of these companies may call for arbitration of disputes under NGFA rules. See question c below for more information on NGFA rules.) In most selling situations in Canada, the terms of the contract are wholly contained within the terms of the contract. Arbitration of disputes is mostly conducted through mutually agreed to arbitration or through the Canadian Federal or Provincial court system.

Sellers of U.S. grain wishing to deliver to a Canadian buyer are advised to obtain a copy of the buyer’s contract prior to entering into any commercial transaction.

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