April 29, 2011
 

CME Group begins new weekly grain options contracts

CME Group, the global major and most diverse derivatives marketplace, formally declared the establishment of weekly grain options on corn, wheat and soy futures to start trading on May 23.

These contracts are listed with, and subject to, the rules and regulations of CBOT.

"Agricultural customers in particular are subject to short-term event risk, whether it is a key upcoming USDA report or weekend weather during the growing season," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group.

"Our new weekly corn, wheat and soy options, combined with our existing monthly and serial options, provide customers with much greater flexibility to manage risk associated with these events, while enabling them to benefit from the lower cost associated with short-dated options."