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|