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Types

ASX grain futures and options

For over 10 years the ASX grain market has been facilitating price discovery and risk management in track markets for Australian wheat, feed barley, sorghum and canola.

Futures contracts are exchange-traded forward contracts that are standardised, centrally cleared and deliverable.

An option is a contract between two parties giving the buyer of the option the right, but not the obligation, either to buy or sell the underlying ASX grain futures contract at a set price, on or before a predetermined date.

ASX grain futures and options provide hedgers with alternatives to manage: price risk; payment security; improve hedge correlation; reduce foreign exchange risk and production risk.

ASX grain market Grain futures Grain options
Contract specification  Market prices Charts Contract specifications Market prices 
NSW wheat  VW futures VW VW  VW options  VWO 
WA wheat  WK futures WK  WK  WK options WKO
Eastern Australia feed barley  UB futures UB  UB  UB options  UBO 
Australian sorghum  US futures US  US  US options USO 
Eastern Australia canola  VC futures  VC  VC  VC options  VCO 

ASX wool futures and options

ASX wool futures are standardised exchange-traded and centrally cleared forward contracts that specify a fixed quantity of wool for delivery or cash settlement at an established point in the future at an agreed price. ASX offers one deliverable and one cash settled wool futures contract. ASX wool futures contracts specify size, possible delivery location(s) and other terms and conditions.

An option is a contract between two parties giving the buyer of the option the right, but not the obligation, either to buy (call options) or sell (put options) the underlying wool futures contract at a set price, on or before a predetermined date. Options are financial products that, for the buyer of the option, effectively provide a form of price protection. Options are available over the greasy wool 21 micron contract.

ASX wool market  Wool futures Wool options
Contract specifications  Market prices Charts Contract specifications Market prices 
Greasy wool (21 micron)  GW futures  GW  GW  GW options GWO 
Fine wool (19 micron)  FW futures FW FW n/a n/a