CBA boosts agri hedging suite
(16 January 2008 – Australia) Commonwealth Bank has beefed up its suite of ASX Grain hedging products to include Options over ASX Sorghum, ASX Feed Barley and ASX Canola.
The bank said this would give producers and consumers greater flexibility when assessing their current grain price risk exposures and provide a level of price protection and risk management if currencies fluctuate.
CBA head of Commodities Research, Tobin Gorey, said global grain prices were at their highest level in over two decades providing excellent hedging opportunities for producers.
The bank will offer both swaps and options referenced to the local ASX Milling Wheat, ASX Feed Barley, ASX Sorghum, and ASX Canola.
CBA executive general manager for Agribusiness, Jon Sutton, said the products were timely given the current volatilities associated with global commodities.
Sutton said volatile conditions such as drought had led to a steady increase in customer appetite for hedging products.
CBA head of Commodities Research, Tobin Gorey, said global grain prices were at their highest level in over two decades providing excellent hedging opportunities for producers.
The bank will offer both swaps and options referenced to the local ASX Milling Wheat, ASX Feed Barley, ASX Sorghum, and ASX Canola.
CBA executive general manager for Agribusiness, Jon Sutton, said the products were timely given the current volatilities associated with global commodities.
Sutton said volatile conditions such as drought had led to a steady increase in customer appetite for hedging products.
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