# SORGHUM FUTURES CONTRACT SIZE REVISED WITH THE HOPE TO STIMULATE PARTICIPATION

> 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.

- Date: 2019-02-22 · published 2019-02-22T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/60660-sorghum-futures-contract-size-revised-with-the-hope-to-stimulate-participation
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

A smaller contract may improve price discovery in South African sorghum, but it has little effect on global feed grain prices.

## Read by commodity

- SORGHUM: neutral

## Sources

- grainsa.co.za: https://www.grainsa.co.za/news-headlines/latest-news/sorghum-futures-contract-size-revised-with-the-hope-to-stimulate-participation

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.