CME to launch grain calendar spread options

The contracts, which will be subject to Chicago Board of Trade rules and regulations, will enable customers to roll from one futures contract month to another without the risk of changing price differentials. They will also help grain merchandisers and processors to manage the risks associated with grain storage and purchase requirements.

Barry Goldblatt, CME group managing director of commodity, energy and metals products, said: "Feedback from customers and the agribusiness industry is that they