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 contract offering.
| Contract | Futures | Options |
|---|---|---|
| Western Australia Wheat | Final contract specification (PDF 82KB) | |
| Australian Milling Wheat (NSW) | AWM | AWMO |
| Australian Feed Barley | AFB | AFBO |
| Australian Sorghum | ASM | ASMO |
| Australian Canola | ACM | ACMO |

