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GRAANGIDS
2016
GRAIN GUIDE
Dates for all fixed monthly contracts
These contracts are offered 40 business days before the actual delivery month. (Notice A1372)
MATURITY
MONTHS OFFER
FIRST
POSITION
DAY
FIRST
NOTICE
DAY
LAST
NOTICE
DAY
LAST
TRADING
DAY
FIRST
DELIVERY
DAY
LAST
DELIVERY
DAY
Nov 2015 04/09/2015 29/10/2015 30/10/2015 24/11/2015 23/11/2015 02/11/2015 25/11/2015
Jan 2016 04/11/2015 30/12/2015 31/12/2015 25/01/2016 22/01/2016 04/01/2016 26/01/2016
Feb 2016 02/12/2015 28/01/2016 29/01/2016 23/02/2016 22/02/2016 01/02/2016 24/02/2016
Apr 2016 02/02/2016 30/03/2016 31/03/2016 22/04/2016 21/04/2016 01/04/2016 25/04/2016
Jun 2016 04/04/2016 30/05/2016 31/05/2016 24/06/2016 23/06/2016 01/06/2016 27/06/2016
Aug 2016 03/06/2016 28/07/2016 29/07/2016 25/08/2016 24/08/2016 01/08/2016 26/08/2016
Oct 2016 05/08/2016 29/09/2016 30/09/2016 25/10/2016 24/10/2016 03/10/2016 26/10/2016
Nov 2016 06/09/2016 28/10/2016 31/10/2016 24/11/2016 23/11/2016 01/11/2016 25/11/2016
Petru Fourie, research co-ordinator and production cost analyst: Grain SA
Table 1
contains the grade differentials for wheat during the 2015/2016 marketing year as an-
nounced by Safex. The differentials apply from 1 October 2015 to 30 September 2016. Market
participants are reminded that the differentials apply to physical delivery only if futures are fulfilled
to facilitate the standardisation of the wheat contract. Grade differentials in the cash market can
therefore differ from these.
Table 1: Grade differentials for wheat from the 2014/2015 to the 2015/2016 marketing year:
Grade
2014/2015
R/ton
2015/2016
R/ton
B1
B2
145
155
B3
290
310
The JSE is responsible for calculating the grade differentials for wheat. A set method approved by
the advisory committee is used for this calculation.
Petru Fourie, research co-ordinator and production cost analyst: Grain SA
Grade differentials for wheat