Weblog Disclaimer : The information in this weblog has been obtained from sources believed to be reliable. Its accuracy and completeness is not guaranteed and opinions are subject to change without notice. This weblog is for information only and not to be construed as a solicitation for contracts. We accept no liability for any direct or indirect losses arising from the use of this weblog.
Tuesday, March 9, 2010
Breaking News - RTRS-BRIEF-CME says to launch USD CPO contract on May 23
March 9 (Reuters) - CME Group Inc : * Says to launch dollar-denominated cash-settled crude palm oil contract on may 23 * CME announced the launch date in a statement posted on its website on Tuesday. * Says the contract will create opportunity for cross-trading with soybean oil based on the historically strong correlation between these two products. * Says final cash-settlement prices will be based on the Bursa Malaysia crude palm oil futures contract.