CME Group's New Agriculture Index Delivers Unified Price Benchmark for the Global Farm Economy
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
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.
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SOURCE CME Group
