Aim! Scenario! Game Plan! 2017!
Fantasy Hedging Competition
To ensure a level playing field, every participant will have to manage the marketing of 4 000 tonnes of white maize (WMAZ) from a farmer in the Coligny area. The expenses of the producer will be fixed at R8.5 million and a differential of R270 per tonne will apply. All the contracts are for delivery in July 2017, and therefore all pricing will be done on the Jul17 WMAZ contract as listed on the JSE Derivative Market.
Even in the fantasy world we cannot condone rogue trading and wild speculation is strongly discouraged. Do not let greed get in the way of protecting your income. We have put limits in place to prevent participants from committing more than 4 000 tonnes of WMAZ. We want you to use this competition and the wonderful platform that has been created to practise your hedging skills and you will soon find your fear of the JSE Derivatives disappear.
Enjoy this fun filled journey and we hope you make lots of fantasy money and gain valuable experience.