Grain Futures Update - December 2009

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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. Merry Christmas and all the best for 2010!

16 million tonnes and growing (PDF 125KB) The new Western Australia Wheat (WAW) Futures contract has performed well since listing on 14 September 2009. In its first three months, WAW has traded in excess of 640,000 tonnes and has Open Interest of 480,000 tonnes. Record volume for the month of November and an all time record has already been achieved in December with more than 1.4 million tonnes traded (PDF 125KB) thus far over these two months.

Record Open Interest (PDF 121KB) Open Interest in ASX Grain Futures and Options has reached record levels with current positions representative of just under 2 million tonnes. Explanation of Open Interest (PDF 121KB)

On Screen Activity (PDF 118KB) Coinciding with the listing of WAW, the minimum size threshold for Special trades was increased and trading hours were revised. The market analysis (PDF 118KB) shows 'on-screen' market activity has increased since the changes were introduced.

New delivery fee (PDF 52KB) As outlined in the September email update, a new delivery fee is being applied for all deliveries. The new delivery fee of $10 per contract per side ($0.50 per tonne) plus GST, incorporates title transfer fees. The Australian Clearing House reserves the right to charge for title transfer fees associated with lodgements that do not eventuate in deliveries.

Grower hedge results (PDF 158KB) Growers may be interested to view the historical performance of a simple futures hedge for the past five seasons. The analysis (PDF 158KB) does not take into consideration active management techniques. The use of options will be presented in early 2010.

Delivery information With the January delivery period approaching, all relevant delivery information can be accessed through the ASX website.

Maturity calendar - order your copy The new desktop maturity calendar for 2010 and 2011 has arrived. Order your free copy.

Find a broker ASX Grain Futures and Options are traded on the ITS platform in accordance with ASX Market Rules and ACH Clearing Rules. To access this market directly you need to contact an ASX broker.

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.