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It's a New Record for CME Crop Options

Posted: 06/11/12

By: tomgrisafi


CME Group today announced that Short-Dated New Crop Options set a record on Monday, June 4, trading 2,105 Short-Dated New Crop Corn options contracts on its first day. This represents the greatest volume of day-one trading for any of CME Group's agricultural commodities products, and surpasses the previous record of 1,840 contracts set by Soybean Calendar Spread Options (CSO) on June 1, 2009. Short-Dated New Crop Options contracts are listed with and subject to the rules of CBOT.

"We're pleased with the rapid adoption of our short-dated new crop options as a way for customers to manage risk during the growing season," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. "Increasingly our producer customers tell us they use options to manage their price risk. This has allowed us to grow our options complex, offering customers the broadest array of deep, liquid and cost-effective agricultural risk management tools."

Short-Dated New Crop Corn and Soybean options began trading June 4, and Short-Dated New Crop Wheat options will begin trading September 4.

Since the start of trading, 7,687 Short-Dated New Crop Corn options and 39 Short-Dated New Crop Soybean options have traded. Combined total open interest after the first week of trading was 6,844 contracts.

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