New JSE contracts introduced for wheat

The Johannesburg Stock Exchange (JSE) has introduced two new wheat contracts.

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A new foreign referenced wheat contract has been added to the JSE’s existing portfolio of international soft commodities. The cash settled futures contract, based on hard red winter wheat, will reference the Kansas City Board of Trade’s benchmark settlement prices. A contract for trading wheat in the Western Cape has also been introduced with Paarl as a reference point instead of Randfontein.

Read the full story in the 1 June 2012 issue of FW.