Australia To Launch New Wheat Futures Contract
Australia's ASX is set to launch a new wheat futures contract, possibly as early as May depending on regulatory approval.
The contract will be based on delivery from the Kwinana port in Western Australia state.
Western Australia is where most of the country's exports are shipped from, so the new contract will be more closely linked to internationally traded wheat than the existing Australian wheat futures contract which has a NSW delivery point.
The contract will be based on delivery from the Kwinana port in Western Australia state.
Western Australia is where most of the country's exports are shipped from, so the new contract will be more closely linked to internationally traded wheat than the existing Australian wheat futures contract which has a NSW delivery point.
