These derivatives contracts give local investors exposure to the international wheat market. as determined by the Kansas City Board of Trade (KCBT) now owned by CME Group. Locally, Hard Red Winter Wheat is traded alongside Soft Red Winter Wheat. Contracts are cash settled in Rands and easily accessed via
JSE commodity derivatives members.
Local market players seeking an alternative to our current physically settled wheat contracts could consider the Hard Red Winter Wheat as a alternative proxy to hedge their price risk. The contracts can also be used by speculators hoping to make a profit on short-term movements or benefit from the spread opportunities between the local and international market.
To access this product, register as a client with
an authorised JSE member firm, deposit the required initial margin and sell or buy according to your needs.