CME Group's New Agriculture Index Delivers Unified Price Benchmark for the Global Farm Economy
CME Group (NASDAQ:CME) launched the CME Group Agriculture Index, a broad benchmark tracking five key sectors of the global farm economy: Grains, Oilseeds, Livestock, Dairy and Lumber.
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Rhea-AI Summary
CME Group (NASDAQ:CME) launched the CME Group Agriculture Index, a broad benchmark tracking five key sectors of the global farm economy: Grains, Oilseeds, Livestock, Dairy and Lumber.
The index uses futures prices, monthly updates and sector weightings to reflect aggregate farm commodity costs and structural supply-chain changes worldwide.
Details
News Market Reaction – CME
On Jul 9, the day this news came out, CME closed 1.38% below the previous close.
Data tracked by StockTitan Argus for the Jul 9 session.
Key Figures
- Index sectors covered
- 5 sectors
- Grains, Oilseeds, Livestock, Dairy and Lumber in new Agriculture Index
- Producer survey size
- 400 producers
- Sample size for Purdue University/CME Group Ag Economy Barometer
Historical Context
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Update on Purdue/CME Ag Economy Barometer showing softer farmer sentiment metrics.
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Record June average daily volume and second-highest Q2 ADV across key product lines.
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Planned launch of new Lean Beef Trim futures and options to expand cattle risk tools.
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Announcement of more than 50 Single Stock futures contracts pending regulatory review.
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Planned CEO change with Terry Duffy stepping down and Lynne Fitzpatrick named successor.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
futures financial
options financial
otc markets financial
central counterparty clearing financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
The index, which will be updated monthly, integrates futures prices from Grains, Oilseeds, Livestock, Dairy and Lumber. These components allow the benchmark to comprehensively track structural changes in supply chains, shifting industrial demand and changing consumer habits impacting the cost of farm goods around the world.
"Agriculture doesn't move one commodity at a time–and neither should the benchmarks that track it," said John Ricci, Managing Director and Global Head of Agricultural Products at CME Group. "By aggregating futures prices across five sectors on a single platform, the CME Group Agriculture Index gives producers, traders and analysts a more complete read on the farm economy and where it's headed."
The index methodology is designed to provide a fair representation of commodity costs, neutralizing price differences between delivery months for futures contracts and applying appropriate weightings across different markets.
The Agriculture Index complements the Purdue University/CME Group Ag Economy Barometer, a nationwide, monthly measure of 400 producers' sentiment and outlook on the agricultural economy.
For more information on the CME Group Agriculture Index, please visit https://www.cmegroup.com/drafts/markets/agriculture-index.
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, cryptocurrencies, 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
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View original content:https://www.prnewswire.com/news-releases/cme-groups-new-agriculture-index-delivers-unified-price-benchmark-for-the-global-farm-economy-302821776.html
SOURCE CME Group
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