CME launches OTC grain swaps through ClearPort

The swaps are scheduled to be available from Monday 6 April through CME ClearPort, an open clearing service for over-the-counter (OTC) products. They will be subject to comparable rules and regulations for listed corn, wheat and soybean futures contracts on the Chicago Board of Trade (CBOT).

DTN, a division of Telvent and a business information services company focused on agricultural, energy and environmental markets, will provide the daily cash bid prices used to calculate daily settlement pric