Highlights include:

  • Busiest month ever for the Eastern Australian Grains products, with traded volume above 38,000 lots. Interestingly, as highlighted in the table, ASX Wheat prices declined 15% over the month whilst other global Wheat futures only declined 1-3%. Represented in the basis chart as well.
  • Open interest in the January 22 contract remains seasonally high, whilst March 22 is seasonally low despite a sharp increase towards the end of the month when we saw some Jan March spread trading. Open Interest down the curve remains high.
Published on December . Click here to view the original report on the ASX website.