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CME to trade and clear fertilizer swap futures

Chicago, 14 June 2011

CME Group today announced the launch of trading and clearing services for four new cash-settled fertilizer swap futures for trade date July 11. Trading for these urea, urea ammonium nitrate (UAN) and di-ammonium phosphate (DAP) based fertilizers will be available on the New York trading floor with clearing services available through CME ClearPort®. These contracts are listed with, and subject to, the rules and regulations of NYMEX.

"For more than 150 years, agricultural producers and agribusinesses have relied on our benchmark grain futures and options contracts to manage their commodity price risk," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. "The fertilizer products we're introducing allow market participants to manage fertilizer prices, one of the key and most volatile price inputs into grain production, further allowing a focus on margin management."

New CME Group fertilizer swap futures will be listed on CME ClearPort and the NYMEX trading floor:

Urea (Granular) FOB NOLA Swap Future

UAN FOB US Gulf Coast Swap Future

DAP FOB Tampa Swap Future

DAP FOB NOLA Swap Future

Clearing services for the new fertilizer swap futures will be available through CME ClearPort – a set of flexible clearing services open to over-the-counter (OTC) market participants to substantially mitigate counterparty risk and provide neutral settlement prices across asset classes – expanding CME Group's cleared OTC agricultural markets offering. Additionally, these contracts will be financially settled against the price assessments compiled by ICIS and Profercy.

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For additional information on CME Group fertilizer swap futures visit www.cmegroup.com/fertilizer

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