November 17, 2009
CME to add vomitoxin specs to CBOT corn contract
The Chicago Board of Trade will announce changes to its corn futures contract this week in response to concerns about vomitoxin levels in this year's crop, a spokeswoman said Monday (November 16).
The vomitoxin specifications would be a first for the corn contract, although they have long existed in wheat.
"Basically we'd add appropriate levels for vomitoxin in the corn supply," said Mary Haffenberg, spokeswoman for CME Group. "It would be very similar to wheat."
Haffenberg said an announcement would come later in the week on exact specifications. She said the CME has seemingly had more interest in the vomitoxin issue from media than customers, but decided to "reach out to customers before they reach out to us."
