Grain Futures Update

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Welcome to the latest edition of the Grain Futures Update. ASX sends this newsletter each month to keep you informed about news and events that may be of interest to you.

Market performance (PDF 123KB) February was another solid month for the ASX Grain Futures market, with 435,140 tonnes traded. Grain futures trading has exceeded 400,000 tonnes each month for the last three months (PDF 123KB). This is the first time this has happened since the drought market in 2007 and represents 53% growth on the corresponding quarter in 2007/2008.

Western Australia wheat futures and options (PDF 82KB) The proposed contract specification (PDF 82KB) for Western Australia wheat futures and options has been finalised and is awaiting regulatory clearance. The ASX code for the proposed new contract offering will be WAW. ASX intends to list the futures and options contracts in May 2009, however, the actual listing date will be advised in due course once regulatory clearance has been obtained and systems testing and relevant agreements have been finalised.

Proposed new trading hours As has been detailed in the attached contract specification for Western Australia wheat, it is proposed that the trading hours for ASX Grain Futures be changed in conjunction with the listing of the new contract offering. It is envisaged that the proposed new trading hours will maximise on-screen trading activity as well as service industry participants throughout Australia and Asia.

Daily activity report (PDF 160KB) For those interested in following the ASX Grain Futures market and would like the data delivered to your inbox, ASX provides a Daily Activity Report (PDF 160KB) which details the market activity for the preceeding trading day. If you would like to be added to the list and benefit from the price transparency and market information contact ASX.

Charts now available Charting ASX Grain Futures contracts is now possible on the ASX website. The static historical charts for new crop contract months will still be supplied and updated on a monthly basis. More information on charts.

Education workshops ASX will be running education workshops on grain futures and options in the first half of 2009. Anyone interested in attending a full day workshop is encouraged to contact ASX.

Grower levy obligations Grower deliveries against ASX Grain Futures contracts is possible. For those interested to explore this alternative, the payment of grower levies needs to be facilitated by the grower's broker. More information on grower levy obligations.

Find a broker There are a number of brokers servicing the ASX Grain Futures market. If you are interested to know more about how you can become involved, view the broker contact list. If the world of derivatives and hedging is new to you, you may find the services of a risk management adviser particularly useful. View the contact list of ASIC licensed risk management advisers.

NOTICE © 2009 ASX Limited, 20 Bridge Street, Sydney NSW 2000, Australia. Ph. 131 279. All Rights Reserved. ASX Limited believes that all information contained herein is accurate and reliable. However no warranty of accuracy or reliability as to such information is given and no responsibility for loss arising in any way from or in connection with errors or omissions in any information (including responsibility to any person by reason of negligence) is accepted by ASX Limited, its subsidiaries or their employees. The information contained in this email should in no way be construed to constitute financial advice or a recommendation by ASX Limited with respect to the purchase or sale of any securities. Independent professional advice should be sought before making any investment decision.