CME Group Announces the Launch of Three New Weekly Grain Options Contracts (CME)

CME Group CME, the world's leading and most diverse derivatives marketplace, today announced the launch of Weekly Grain Options on Corn , Wheat and Soybeans futures to begin trading May 23. These contracts are listed with, and subject to, the rules and regulations of CBOT. "Agricultural customers in particular are subject to short-term event risk, whether it's a key upcoming USDA report or weekend weather during the growing season," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. "Our new weekly corn, wheat and soybean options, combined with our existing monthly and serial options, provide customers with much greater flexibility to manage risk associated with these events, while enabling them to benefit from the lower cost associated with short-dated options." Weekly Grain Options on Corn, Wheat and Soybean futures will be American style and will be listed for electronic trading on CME Globex and open-outcry. Expirations will be every Friday, except for those Fridays when standard or serial options are scheduled to expire. The exchange will list three Weekly Grain Options concurrently for each futures contract.