Consumer Sale Execution

A hedge book is created based on the Consumer's monthly consumption needs. This involves taking up buy positions on SAFEX, which may include futures buy positions, options strategies, or a combination of both. The Consumer is then required to realize these positions by taking physical delivery of grain as agreed, based on the delivered basis.


Cash Sale

The parties agree on the delivery period/month, delivery point, and the appropriate delivered basis or premium. Pricing is set against the agreed SAFEX Futures month.