CME Group, on Thursday, July 25, 2019, announced the launch of Black Sea Sunflower Oil Financially Settled (Platts) futures, to begin trading on August 26, 2019.
Black Sea Sunflower Oil Financially Settled (Platts) futures will be financially settled based on the "Sunflower Oil FOB Black Sea Ukraine" price assessment published by S&P Global Platts each business day. The futures will be quoted in US$ and cents per tonne and have a contract size of 25 metric tonnes. The first listed month will be the November 2019 contract, with a further 11 consecutive months available for trading - out to October 2020.
The new futures contract will be available for trading on CME Globex and CME ClearPort, and will be listed with and subject to the rules and regulation of CBOT.
Kernel’s refined deodorized winterized oil produced from worm-pressed sunflower oil was successfully exported to China