CME Group to Launch Micro-Sized Grains and Oilseed Futures on February 24

Rhea-AI Summary

CME Group has announced the launch of micro grain and oilseed futures contracts on February 24, 2025, pending regulatory review. These new contracts will be cash-settled and represent one-tenth the size of the company's standard Corn, Wheat, Soybean, Soybean Oil, and Soybean Meal futures.

The initiative aims to provide market participants with greater flexibility in managing agricultural portfolios through smaller-sized contracts. Major industry players, including Interactive Brokers, Saxo, and Phillip Nova, have expressed support for the launch, highlighting the potential for increased market accessibility and portfolio diversification opportunities for retail investors.

The micro contracts will be listed by and subject to the rules of CBOT. This launch extends CME Group's micro futures product offerings, providing a more cost-effective way for traders to access agricultural futures markets with lower capital requirements.

CHICAGO, Jan. 30, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced it will launch a suite of micro grain and oilseed futures contracts on February 24, 2025, pending regulatory review. These contracts will be cash-settled and one-tenth the size of the company'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." 

"We look forward to the success of CME Group's micro-sized agricultural futures products," said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. "CME Group's broad 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. The lower capital requirements of micro futures make it easier for more participants to trade futures alongside the wide range of global products available through Interactive Brokers."

"At Saxo, we are excited to support CME Group's launch of micro agriculture futures, which will be added to the existing suite of micro products on our platform," said Samuel Klein, Product Owner, Futures and Options at Saxo. "These products are key to expanding market opportunities for retail investors, and their smaller contract sizes enable our clients to more effectively diversify their portfolios."

"The launch of CME Group's Micro Agriculture contracts marks an important step toward making agricultural trading more accessible to a broader spectrum of market participants," said Teyu Che Chern, CEO, Phillip Nova. "We are excited to support this and look forward to empowering our clients with more tools to navigate the dynamic agricultural markets."

Micro Corn, Wheat, Soybean, Soybean Oil and Soybean Meal futures will be listed by and subject to the rules of CBOT. For more information and additional contract specs, please visit www.cmegroup.com/microags.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

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SOURCE CME Group

FAQ

When will CME Group launch its new micro grain and oilseed futures contracts?

CME Group will launch the micro grain and oilseed futures contracts on February 24, 2025, subject to regulatory review.

What is the size of CME's new micro agricultural futures compared to standard contracts?

The new micro contracts will be one-tenth the size of CME's standard Corn, Wheat, Soybean, Soybean Oil, and Soybean Meal futures contracts.

How will CME's micro agricultural futures contracts be settled?

The new micro grain and oilseed futures contracts will be cash-settled.

Which agricultural products are included in CME's new micro futures launch?

The micro futures contracts will cover Corn, Wheat, Soybean, Soybean Oil, and Soybean Meal.

What are the benefits of CME's new micro agricultural futures for traders?

The micro contracts offer greater portfolio management flexibility, lower capital requirements, and more accessible entry points for retail investors to participate in agricultural futures markets.

Which exchange will list CME's new micro agricultural futures contracts?

The micro futures contracts will be listed by and subject to the rules of CBOT (Chicago Board of Trade).