The Chicago Mercantile Exchange (CME) last month saidthat it plans to list futures and options on futures contracts based on threeof the most commonlyused varieties of fertiliser. The contracts will trade exclusively on CME’sGlobex electronic trading platform and, according to the exchange, will therebybecome the first agricultural products to trade on a purely electronic basis – inthe US at least. More importantly, the contracts will also become the only avenuefor hedging the price of fertilise
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