Access locally-priced Soybean futures offered by CME Group and B3. CME Group South American Soybean futures coming September 21, 2020*.
CME Group is launching a cash-settled (Platts) South American Soybean futures contract (ticker SAS), which provides a regionally specific risk-management tool for global market participants looking to hedge their flat price exposure or basis risk.
South American Soybean futures will be quoted in U.S. dollars and cents per metric ton and have a contract size of 136 metric tons. The minimum price fluctuation will be $0.20 per metric ton, with the final settlement price rounded to the nearest $0.01.
This new contract will be listed on CBOT and has the backing of CME Clearing, mitigating counterparty risk.
*Pending all relevant regulatory review periods
Key benefits
- A more effective hedge for South American producers, exporters, and importers of Brazilian soybeans ‒ as it reflects export price at the Port of Santos
- An opportunity to trade the spread between North American and South American soybeans, and effectively, the South American soybean basis
- Available for screen trading on CME Globex or block trading reported via CME ClearPort
Source: CME Group Fact Card
About The South American Soybean futures contract:
- Financially-settled based on the SOYBEX price assessment published daily by S&P Global Platts, reflecting the Free on Board value of Soybeans from the port of Santos in Brazil.
- Simultaneously track the export price and the basis to U.S. soybeans, offering market participants the ability to trade the spread between these key commodity regions.
- Contract size is 136 tons, quoted in US dollar and cents per ton. The contract tick size is $0.20 per ton (a tick value of $27.20 per contract). The commodity code is SAS.
- Available for trading on Globex and for submission for Clearing Via ClearPort. (Blocks min is 5 contracts subjected to a 15-minute reporting window)
- Inter-commodity futures spreads in the Contract (SAS) and CBOT’s existing Soybean (ZS) futures contract may be executed as block trades in a 1:1 ratio provided each leg of the spread is at least 20 contracts.
- Margin offset between existing US Soybean (ZS) and South America Soybean (SAS) Contracts
Source: CME Group News Release, 20 Aug 2020
CME Group Silver Futures
COMEX Silver futures contracts - a global benchmark - are designed to help harness the benefits of financial risk management tools and rein in risk to a level that works best for traders.
CME Group's suite of Silver products includes Silver futures (5,000 oz), 1,000 oz Silver futures, E-mini Silver futures, Gold/Silver Ratio futures and London Spot Silver futures, all of which provide the flexibility and choice to tailor risk management strategies.;
Key Benefits
- A central point of price discovery, price transparency, risk management, mitigation of counterparty credit risk and CFTC oversight
- Price may be managed separately from physical supply
- Contracts listed for 60 months forward, enabling a forward price curve
Source: CME Group
Source: CME Group
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