CHICAGO, Oct. 5, 2020 /PRNewswire/ -- CME Group, the
world's leading and most diverse derivatives marketplace, today
announced that open interest in Soybean Futures reached a
record of 1,005,393 contracts on October 2,
2020, up from the previous open interest record of 994,165
set on September 30, 2020.
Open interest (OI) represents the number of active positions
that market participants are holding open without taking delivery
or offsetting, a measure that typically increases during times of
market uncertainty.
"The new open interest record indicates the value of our soybean
contract among a wide spectrum of market participants facing price
risk," said Tim Andriesen,
Managing Director, Agricultural and Alternative Investment Products
at CME Group. "Customers are increasingly accessing the deep
liquidity, as well as capital and cost efficiencies, offered by our
suite of global agricultural products to manage their exposure in
these markets."
CME Group offers the widest range of global benchmark products
across all major asset classes, helping businesses everywhere
mitigate the complex risks they face in today's uncertain global
economy. CME Group corn futures currently have open interest of 1.5
million contracts and corn options have open interest of 1.2
million contracts.
For more information about CME Group's Agricultural products,
please visit here.
As the world's leading and most diverse derivatives marketplace,
CME Group (www.cmegroup.com) enables clients to trade futures,
options, cash and OTC markets, optimize portfolios, and analyze
data – empowering market participants worldwide to efficiently
manage risk and capture opportunities. CME Group exchanges offer
the widest range of global benchmark products across all major
asset classes based on interest rates, equity
indexes, foreign exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex® platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing. With a range of pre- and post-trade products and
services underpinning the entire lifecycle of a trade, CME Group
also offers optimization and reconciliation services through
TriOptima, and trade processing services through Traiana.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and, E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are
trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB,
and Traiana, Inc., respectively. Dow Jones, Dow Jones
Industrial Average, S&P 500 and S&P are service and/or
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property of their respective owners.
CME-G
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SOURCE CME Group