Futures & Commodities

In this month's ASX Grains Focus report, December 2020 proved to be another record month for the Eastern Australia Wheat contract, following the previous record in November 2020.

November 2020 was a record volume month for Eastern Australian Wheat, with record open interest and 327% higher volumes than this time last year.

Eastern Australia Grain futures and options had the busiest month in October 2020. Wheat futures traded 72% more than this month last year and options on the wheat traded 245 lots, with Open Interest sitting at 1,205 lots.

Increased uncertainty has led to higher levels of volatility within the Soybean market, driving Soybean futures open interest over 1M contracts on October 14, setting multiple open interest records in October.

A combination of economic factors around the pandemic and uncertainty around the severity of winter in the Northern Hemisphere has contributed to significant price volatility in the natural gas markets.

The ASX Grains Focus report for September 2020 indicated a record open interest for the eastern Australian wheat contract, and higher volumes traded compared to September 19.