Positive market participation for JSE listed Euronext Milling Wheat futures contract

JOHANNESBURG, 16 July 2015 – The JSE listed Euronext Milling Wheat futures contract is showing encouraging levels of market interest, following its official start of trade on 8 July.

Thus far, the JSE has traded just over 10 000 tons of wheat.  Trading value recorded is close to R24 million. Open interest is at 204 contracts, indicating a healthy start for the contract.  Open interest records the number of contracts for particular futures that are outstanding.

As part of a mutual license agreement finalised in February 2015, the JSE indicated it would offer market participants a cash-settled and rand-denominated version of Euronext’s Wheat Milling Contract. The contract size is 50 metric tons and contract months are March, May, September and December. 

JSE Commodities Director, Chris Sturgess says: “Trade in the contract is off to a favourable start.  Listing the Euronext flagship Milling Wheat futures contract reinforces our strategic intention to provide market participants in South Africa, and key markets on the continent, with access to global commodity products.”

ENDS


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Issued by:
Thato Mapule       
H+K Strategies South Africa 
Tel: +27 11 463 2198 

On behalf of:
Chris Sturgess
Director: Commodities & Key Client Management 
JSE Limited
Tel: + 27 11 520 7299