According to the CME Group, due to the growth of interest in edible oil futures and options the CME will introduce CRUDE PALM OIL futures or symbol CPO on May 24, 2010. Crude palm oil is the the world’s most-consumed edible oil. This will be a cash settle, dollar denominated contract, with the safety and liquidity of the CME Group.
The CME states that Crude Palm oil and Soybean oil price are closely related; this new contract will offer arbitrage opprotunities between to the two contracts
Other Features:
- U.S. Dollar-denominated, cash-settled contracts
- Access around the world on the CME Globex; the most reliable electronic trading platform
- More than 110 years of proven safety and security with CME clearing
- Contract months that mirror the ringgit-denominated physically delivered bursa Malaysia
To learn more visit: www.cmegroup.com/palmoil
I found your blog post while searching google. Pretty surprising too, since google usually shows relatively old results but this one is very recent! Anyway, pretty informative, especially since this is not something a lot of people tend to write something good about. Take care…
I wanted to thank you for this excellent read!! I definitely enjoyed every little bit of it. I have you bookmarked your site to check out the new stuff you post.