Moscow Exchange to Start Trading Soybean and Corn Futures

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Starting November 19, the Moscow Exchange will launch trading in futures contracts for soybeans and corn, the trading platform announced.

The following parameters have been set for the futures: soybean code - SOYBEAN, quoted in U.S. dollars per bushel, lot size - 100 bushels; corn code - CORN, quoted in U.S. dollars per bushel, lot size - 100 bushels.

"The new instruments will provide private and institutional investors with exposure to the dynamics of global prices for oilseeds and grains. Russian companies involved in the production, processing, and trade of agricultural products will be able to use these new futures to improve their management of price risks," the announcement states.