South American Soybean Futures Contract

[errolanderson]

The CME group is launching a South American soybean contract on Sept 21st. Contract size is; 136 MT.

Months to trade; Jan/Feb/Mar May/Jul/Aug/Sep/Nov

Prices based FOB Santos, Brazil

South American bean production now dwarfs that of North America. Suspect this contract may gain traction for global price discovery fairly quickly.

FYI . . . .

[ajl]

Trading in USD or yuan?

[errolanderson]

Trading in USD or yuan?

CME Group = USD, but who knows for the future.

[malleefarmer]

If it’s liquid enough you would think ample volatility, spec guys should flock to it if massive moves at times.

That’s in the context of it being South American wild changes in yields, reports and weather.

All make for good exchange.