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. |
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Trading activity in March was just over 380,000 tonnes (PDF 123KB), which is a 149% increase on the volume traded in March last year. Volumes have been building consistently over the past twelve months with just under 4 million tonnes traded during the period. |
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ASX is proposing to list Western Australia wheat futures and options on Monday 25 May 2009. This proposed listing date remains subject to regulatory clearance and will be confirmed once regulatory clearance has been approved and relevant agreements have been finalised. The ASX code for the proposed new contract offering will be WAW. Initial margins are currently being reviewed for the existing ASX Grain Futures contracts and are likely to change before the proposed listing date, however, it is expected that the initial margin for WAW will be similar to that applied for existing Australian Milling Wheat (AWM) contracts. |
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To coincide with the proposed listing of the Western Australia wheat futures and options contracts in late May, ASX has scheduled a series of education workshops across the country from May to August. Industry participants interested in attending these workshops are encouraged to register as soon as possible to ensure a place. This is your opportunity to learn more about how ASX Grain Futures and Options can be used by your business to manage risk. |
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As has been detailed in the attached proposed contract specification for Western Australia wheat, it is proposed that the trading hours for ASX Grain Futures and Options be changed in conjunction with the listing of the new contract offering. ASX intends to implement the new trading hours on Monday 25 May 2009. This will be confirmed when the listing date for WAW is confirmed. 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. |
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A history of market settlement prices by month, dating back to the beginning of 2005 is available on the ASX website. |
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It is possible for growers to deliver against ASX Grain Futures contracts. For those interested in exploring this alternative, the payment of grower levies needs to be facilitated by the grower's broker. More information on grower levy obligations. |
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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 list of ASIC licensed risk management advisers. |
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© 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. |
