The Johannesburg Stock Exchange is seeking to add a foreign-referenced wheat contract to the portfolio of commodities it offers under a license from the CME Group.
The Johannesburg Stock Exchange (JSE) is seeking to add a foreign-referenced wheat contract to the portfolio of commodities it offers under a license from the CME Group, Mondovisione reports. The new contract is based on soft red winter wheat of the Chicago Board of Trade.
The contract’s expiration dates are set for September 2011, December 2011 and March 2012. JSE will also provide local market participants with an alternative product if they see trading opportunities arising on this international benchmark.
