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ROFEX launched today its new futures and options contract on Chicago Corn, whose characteristics and benefits suit the needs of the different investors of the market.
With the development of this product, ROFEX offers participants of the corn commercial chain (producers, grain storage, cooperatives, industrialists and exporters) the possibility to trade on a local level an international benchmark for the price of one of the main agricultural crops in Argentina.
The Chicago Corn contract, which is quoted in US dollars per tonne, is licensed by the Chicago Mercantile Exchange for the use of its settlement prices, so that, at expiration date, the final settlement price of ROFEX´s contract coincides with the one of that Market, a world reference in agricultural futures.
Like the Chicago Soybean contract, this new product is available in both ROFEX´s financial and agricultural divisions, giving the retail or institutional trader the possibility to include corn as another asset within its investment portfolio.
