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CME Group expands weekly agricultural options offering

Chicago, 31 August 2011

CME Group today announced it has added weekly options on Soybean Meal, Soybean Oil and Live Cattle futures to begin trading September 26. Soybean Meal and Soybean Oil contracts are listed with, and subject to, the rules and regulations of CBOT. Live Cattle contracts are listed with, and subject to, the rules and regulations of CME.

"The addition of these three products to our existing suite of weekly options will enable customers to better manage short-term risk across a broad array of products," said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments, CME Group. "This growing season, market participants have used nearly 150,000 weekly grain options, in conjunction with our existing monthly and serial options, to mitigate short-term event risk associated with a number of adverse weather events and USDA reports."

Weekly Options on Soybean Meal, Soybean Oil and Live Cattle 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 options concurrently for each Soybean Meal, Soybean Oil and Live Cattle futures contract.

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www.cmegroup.com/weeklyags

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