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Contract specifications

All exchange traded futures and options have standard contract specifications. Without contract specifications it is impossible for the buyer and the seller to negotiate only the price of the contract. With contract specifications, all market participants can trade the contracts with confidence as they know what the contract price represents in terms of the underlying physical grade, the delivery locations and the delivery period.

The below table contains the contract specification details for the existing ASX Grain Futures & Options contract offering.

Contract	Futures	Options
WA Wheat	WK	Options on WK
NSW Wheat	VW	Options on VW
Eastern Australia Feed Barley	UB	Options on UB
Australian Sorghum	US	Options on US
Eastern Australia Canola	VC	Options on VC

Rule Information

In the case of any discrepancy between the Contract Specifications listed above and the respective Operating Rules, the Operating Rules prevail.

• ASX 24 Operating Rules
• ASX Clear (Futures) Operating Rules

For further information, please refer to the ASX Grain Market Specification released on 19 August 2011.

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