Agricultural Derivatives

Agricultural Derivatives from the JSE provide a platform for price discovery and efficient price risk management for the grains market in South and Southern Africa.

Trading on a formal exchange that connects buyers and sellers provides transparent price discovery and all transactions are assured through the Derivatives clearing structure.

Futures Contracts have a future expiry date and both parties have to honour the position at the traded price on that date. Option Contracts give buyers the opportunity to secure a floor price (Put Option) or a ceiling price  (Call Option) at the cost of an agreed premium. The sellers have to take on the opposite position if the buyer wishes to exercise their Option. Buyers don’t have to exercise their Option.

The JSE offers Derivatives on a wide range of local and international agricultural commodities:

Grain Futures and Options (includes white and yellow maize, wheat, soya beans and sorghum)

Who should use this?

Producers and other users of Agricultural Derivatives often use them to hedge price risk. However, anyone can use them. They are used for hedging or to diversify a portfolio, both of which are ways of managing risk. They are also often used to speculate on price, which is a way of profiting from price movements in the grains market.

How do I get them?

Contact a JSE Commodity Derivatives member.

Disclaimer

All data and information provided by the JSE, except as otherwise indicated, is proprietary to the JSE. You may not copy, reproduce, modify, reformat, download, store, distribute, publish or transmit any data and information, except for your personal use. For the avoidance of doubt, you may not develop or create any product that uses, is based on, or is developed in connection with any of the data and information available on this site. You are not permitted (except where you have been given express written permission by the JSE) to use the data and information for commercial purposes.

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