Australian Sorghum Futures
| Underlying Commodity | Australian Sorghum |
|---|---|
| ASX 24 Code | US |
| Physical Grade | SOR (GTA) |
| Pricing Point |
Brisbane track Newcastle track |
| Contract Unit | 20 metric tonnes |
| Quotation Tick Size | AUD $0.10 per tonne. Tick value of $2 per contract. |
| Contract Months | January, March, May, July, September, November |
| Last Trading Day and Maturity Date | The third Thursday of the maturity month, provided this is a trading day. |
| Trading Hours |
Night Session: 5.14pm to 7.00am (For period from second Sunday in March to first Sunday in November) |
| Settlement Method | Physical delivery |
| Delivery Period | Begins on the second business day of the contract month and ends at 3pm on the Last Trading Day. |
| Notice Day | Any business day within the Delivery Period on which notice of delivery is given via lodgement of tender documentation with ASX Clearing Corporation. |
| Settlement Day | The business day following the Notice Day. |
| Settlement Amount | The final Settlement Amount is calculated from the settlement price on the Notice Day. This price is adjusted for GTA Location Differentials, shrink, receival fees and GST. |
| Deliverable Grade |
The deliverable grade is Australian origin and is a minimum of GTA Sorghum (SOR) or equivalent as specified by the Grain Trade Australia (GTA) 'Sorghum Standards' as tested in accordance with the 'Sorghum Receival Standards' of the specified Bulk Handling Company. The deliverable grade must be free of any regulatory control that is applied on either a State basis or determined by crop year. |
| Approved Warehouses and Delivery Locations | Up-country locations in Queensland and NSW of an Approved Bulk Handler, tributary to Brisbane and Newcastle track markets with rail and road outloading capability. |
* AEDT commences the first Sunday of October and finishes the first Sunday of April
In the case of any discrepancy between this document and the ASX 24 Operating Rules and ASX Clear (Futures) Operating Rules the respective Operating Rules prevail.

