Agriculture is moving closer to the way energy is traded as the world’s largest derivatives exchange starts corn and wheat futures contracts based on indexes published by price-reporting agency S&P Global Platts.
CME Group Inc. recently said it plans to launch wheat and corn contracts for the Black Sea region based on Platts pricing. The new futures, which are cash settled and should start trading on Dec. 18, follow the bourse’s move to clear Australian wheat deals earlier this year, also based on indexes by Platts.
The move brings agriculture markets closer to energy trading. About two-thirds of the world’s ...
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