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South Africa's SAFEX sorghum futures contract was cut from 100 tons to 30 tons to attract more trading. Grain SA said the original size was too large for a local industry with falling production and consumption.
A smaller contract may improve price discovery in South African sorghum, but it has little effect on global feed grain prices.
grainsa.co.zaGrainsa, RhinoReloadedFeb 22, 2019Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
