CME Group announced it will launch a suite of micro grain and oilseed futures contracts on Feb. 24, pending regulatory review. These contracts will be cash-settled and one-tenth the size of CME’s corn, wheat, soybean, soybean oil and soybean meal futures.
“Our benchmark grain and oilseed futures products are the most liquid and highly-utilized markets in global agriculture today,” said John Ricci, Managing Director and Global Head of Agriculture at CME Group. “These smaller-sized contracts will provide additional flexibility for market participants to manage their agricultural portfolios with greater precision.”
The lower capital requirements of micro futures will make it easier for more market participants to trade grain and oilseed futures.