REGINA, Feb. 3, 2014 /CNW/ - Input Capital Corp. ("Input") (TSX Venture
Exchange: INP) is releasing its monthly update for January 2014
summarizing canola deliveries and the acquisition of new multi-year
Input continues to make canola deliveries despite the significant
backlog in the grain handling and transportation system. The record
Canadian harvest of 2013 and increasing demand for railcars from the
oil industry has temporarily overloaded the rail lines in western
"We are in the midst of an unusual dynamic," said President and CEO Doug
Emsley. "Export terminals are at low inventory levels due to strong
end-used demand for our products while country elevators are at the
limit of their working capacity. The railway system is struggling to
keep up and this has resulted in Input seeing delays to its production
being called in for delivery. We are currently delivering against our
December contracts and could see the timing of our deliveries extend
beyond March 31 and into our next fiscal year."
Gord Nystuen, Vice-President of Market Development added, "The plugged
rail lines have also led to a significant decrease in net prices being
realized by farmers across the Prairies. Our marketing plan has
insulated us from this low price environment, having locked in net
prices early in the season."
For the current fiscal year year-to-date:
Base Tonnes Sold
% of 2013 Growing
Season Base Tonnes
Bonus Tonnes Sold
New Canola Streams
During the month of January, Input deployed $6,080,075 into three new
multi-year Streaming Contracts and two additions to existing Streaming
Contracts that will increase the Company's canola interests from the
2013 growing season and for the upcoming growing season and beyond.
Input now expects to receive 18,297 tonnes of canola from the 2013
As streaming contracts are finalized, they will be summarized in these
Fiscal Third Quarter Release Reminder
Input will release its fiscal 2014 third quarter results on Thursday,
February 6, 2014, after market close. A conference call will be held on
Friday, February 7, 2014.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS
THAT TERM IS DEFINED IN POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
Input is an agriculture commodity streaming company with a focus on
canola, the largest and most profitable crop in Canadian agriculture.
Input enters into multi-year canola Streaming Contracts with canola
farmers in western Canada. Pursuant to the Streaming Contract, Input
purchases a fixed portion of the canola produced, at a fixed price, for
the duration of the term of the contract. Input is a non-operating
farming company with a diversified portfolio of canola streams, all of
which produce canola and revenue for Input within a year of being
signed. Input plans to grow and diversify its low cost canola
production profile through entering into additional canola Streaming
Contracts with farmers across western Canada.
Input is focused on farmers with quality production profiles, excellent
upside yield potential, and strong management teams. Input has
completed canola Streaming Contracts in Northern Alberta, Western
Saskatchewan and throughout Eastern Saskatchewan.
Forward Looking Statements
This release includes forward-looking statements regarding Input and its
business. Such statements are based on the current expectations and
views of future events of Input's management. In some cases the
forward-looking statements can be identified by words or phrases such
as "may", "will", "expect", "plan", "anticipate", "intend",
"potential", "estimate", "believe" or the negative of these terms, or
other similar expressions intended to identify forward-looking
statements. The forward-looking events and circumstances discussed in
this release may not occur and could differ materially as a result of
known and unknown risk factors and uncertainties affecting Input,
including risks regarding the agricultural industry, economic factors
and the equity markets generally and many other factors beyond the
control of Input. No forward-looking statement can be guaranteed.
Forward-looking statements and information by their nature are based on
assumptions and involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from any
future results, performance or achievements expressed or implied by
such forward-looking statement or information. Accordingly, readers
should not place undue reliance on any forward-looking statements or
information. Except as required by applicable securities laws,
forward-looking statements speak only as of the date on which they are
made and Input undertakes no obligation to publicly update or revise
any forward-looking statement, whether as a result of new information,
future events, or otherwise.
SOURCE: Input Capital Corp.
For further information:
President & CEO
Executive Vice-President & CFO