This change reflects developments in the underlying physical grain market, where use of forward risk management techniques has become more prominent. In addition, as attention focuses on reducing price intervention in the European agricultural markets, this increase in the number of delivery months, will present greater trading opportunities for the LIFFE Wheat contract.
Bill Smit, LIFFE's Head of Non-Financial Products said, "The addition of further delivery months to the LIFFE Wheat Futures Contract is a direct response to customer demand. We anticipate that the increased flexibility offered by this change will reinforce the Contract's position as a benchmark for European Union feed wheat."
