Posted on February, 10, 2025 at 04:47 pm
Global derivatives and commodities exchange CME Group is launching a range of micro grain and oilseed futures contracts.
Due to be launched on 24 February – pending regulatory review – the new contracts would be cash-settled and one-tenth of the size of CME’s corn, wheat, soyabean, soyabean oil and soyabean meal contracts, the company said on 30 January.
“Smaller-sized contracts will provide additional flexibility for market participants to manage their agricultural portfolios with greater precision,” CME Group managing director and global head of agriculture John Ricci said.
Leading industry players, including Interactive Brokers, Saxo and Phillip Nova, had shown support for the launch, highlighting the potential for increased market accessibility and portfolio diversification opportunities for retail investors, CME said.
“CME Group’s range of micro futures contracts offer a cost-effective and transparent way for our active trader and institutional clients to gain exposure to futures markets,” Steve Sanders, executive vice president of marketing and product development at Interactive Brokers, said.
“The lower capital requirements of micro futures make it easier for more participants to trade futures.”
Micro corn, wheat, soyabean, soyabean oil and soyabean meal futures would be listed by, and subject to the rules of, the Chicago Board of Trade, CME said.
Source: OFI