Many growers are seizing the opportunity presenting from this rally using a popular forward contracting product called Basis PLUS. This gives growers the flexibility to fix the futures component of a wheat contract when the price is favourable. The basis price component of the contract can be fixed at a later date.
Typically, forward contract products such as Basis PLUS allow growers to control and build the price they want for their wheat. By acting well in advance, they can cherry pick the best prices over a period of time to incrementally build the price they want.
Growers registered for Basis PLUS receive notifications of movements in the futures market, giving them notice to act.
