ASX contract port zones are positioned in all key grain hubs in the physical grain market, to support domestic and international delivery of Australian grain.
ASX, in consultation with the grains industry, adapts our delivery process to meet the geographic coverage needs for end customers.
Delivery requirements and locations
ASX Grains futures are deliverable in up-country locations of approved bulk handlers. Ports are not acceptable delivery locations with the exception of WA Wheat (where transfer of virtual entitlement can occur at Kwinana Terminal).
- Grain Trade Australia (GTA) coordinates the annual assessment and publication of the acceptable delivery locations and Location Differentials for ASX Grain futures.
- The Grains Maturity Calendar outlines the delivery periods for futures and expiry dates for options as stipulated in the contract specifications.
- The Delivery Procedures lists the procedures for sellers, buyers and clearing participants of ASX Clear (Futures).
- The Futures and Options Exchange Fees schedule notes the ASX 24 fees applicable for trading and delivering ASX Grains futures and options. This does not take into account brokerage fees.
- The Daily Holdings Report notes the stock currently lodged with ASX Clear (Futures). This stock could possibly be used for delivery against open sold positions in the ASX Grains futures market, but is not obligated to be tendered.
Once delivery has occurred how is the price adjusted?
- Tender advice examples - examples of how the ASX price is adjusted and settled for deliveries
- GTA location differentials - details the current differentials used in the calculation of the tender advice
- Grain grower levy obligations - explains the obligation of growers to pay industry levies.
For further information on the conditions which must be met to deliver against ASX Grains futures contracts, click below:
- Eastern Australia Wheat (WM)
- WA Wheat (WK)
- Eastern Australia Feed Barley (UB)
- Eastern Australia Canola (VC)
- Australian Sorghum (US)
Exchange for Physical: an alternative if you don't want to make or take delivery through ASX
Exchange for Physical (EFP) trading provides traders with large hedge positions on ASX, with an alternative means to unwind a position in an efficient manner. Rather than make or take delivery, an EFP enables large scale hedgers to unwind positions in conjunction with an offsetting physical trade or financial instrument, which are facilitated in accordance with the ASX 24 Operating Rules (4800-04). More information on EFP trading can be found here.