CME Group's Expanded Suite of Short-Term Agricultural Options Now Available for Trading

Rhea-AI Summary

CME Group has launched an expanded suite of Weekly agricultural options on grains and oilseed futures, now featuring expiry options for every trading day of the week. This expansion comes amid growing demand for short-term options, with Weekly agricultural options reaching record volumes in 2024, achieving an Average Daily Volume (ADV) of 18,964, up 72% year-over-year.

Notable growth was seen in Soybean Oil (up 220%), Soybean (up 109%), and Corn (up 63%) options. January performance was particularly strong, with Weekly agricultural options ADV hitting 28,037, marking the third highest month on record. The expansion includes Monday through Thursday Weekly options on Corn, Soybean, Wheat, Soybean Oil, and Soybean Meal futures.

Positive

• Record volume in Weekly agricultural options with 72% YoY growth in 2024
• Strong growth across products: Soybean Oil +220%, Soybean +109%, Corn +63%
• January 2025 ADV reached 28,037, third-highest month on record

Negative

• None.

News Market Reaction

-1.23%

1 alert

-1.23% News Effect

On the day this news was published, CME declined 1.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHICAGO, Feb. 10, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that its expanded suite of Weekly agricultural options on grains and oilseed futures, which now include an expiry for every day of the trading week, are available for trading.

"With an expiry now available for every day of the week, CME Group will provide market participants with maximum flexibility as we head into the growing season," said John Ricci, Managing Director and Global Head of Agricultural Markets. "Amid continued economic uncertainty, demand for our short-term options continues to increase as clients look for more tools to efficiently manage price risk."

"We are very pleased that CME Group has expanded its Weekly option expiries," said Matthew Garmon, Head of Trading at Greenfield Commodities, LLC. "It's great to be able to match expirations with key events like WASDE reports or weekends that carry significant macro risk.  Daily expirations will help all stakeholders manage risk with better precision.  It's a lot easier for people to be decisive on options structures when they know they're investing in expirations that cover exactly the days that they need."

"We are pleased that CME Group continues to expand its product offering to meet the growing popularity of short-dated options," said Steve Sanders, EVP of Marketing and Product Development at Interactive Brokers. "The new Weekly agricultural options on grains and oilseed futures will give traders enhanced flexibility to express short-term views with efficiency."

Weekly agricultural options reached record volume in 2024, hitting an ADV of 18,964, up 72% year-over-year, led by growth in Soybean Oil (up 220%), Soybean (up 109%) and Corn (up 63%) options. In January, Weekly agricultural options ADV hit 28,037, the third highest month on record.

Monday, Tuesday, Wednesday and Thursday Weekly options on Corn, Soybean, Wheat, Soybean Oil and Soybean Meal futures are listed by and subject to the rules of CBOT. For more information, please visit here.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.                     

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SOURCE CME Group

FAQ

What is the 2024 Average Daily Volume (ADV) for CME Group's Weekly agricultural options?

CME Group's Weekly agricultural options reached an ADV of 18,964 in 2024, representing a 72% increase year-over-year.

Which agricultural options showed the highest growth for CME Group in 2024?

Soybean Oil options showed the highest growth at 220%, followed by Soybean options at 109%, and Corn options at 63%.

What new features are included in CME Group's expanded agricultural options suite?

CME Group now offers expiry options for every day of the trading week on grains and oilseed futures, including Monday through Thursday Weekly options on Corn, Soybean, Wheat, Soybean Oil, and Soybean Meal futures.

What was CME Group's Weekly agricultural options ADV in January 2025?

In January 2025, CME Group's Weekly agricultural options ADV reached 28,037, marking the third highest month on record.