R20 billion industry goes to war with the JSE

• The Johannesburg Stock Exchange (JSE) has decided to revert to a single-reference-point system for soybean prices in the derivatives market, rejecting Grain SA's proposed multi-reference-point model.
• The JSE cited concerns over accurately tracking and auditing soybean crushing plants' operations, as well as issues with confidential supply and demand data, as reasons for its decision.
• Grain SA has vowed to continue fighting against the JSE's decision, arguing that it will have a negative impact on farmers who rely on futures contracts to protect themselves against price drops.