CME Group plans sorghum basis futures launch for August 2026

CME Group (NASDAQ: CME) announced plans to launch Sorghum basis futures, with trading expected to begin August 24, 2026, pending regulatory review. The contracts will be listed under the rules of the Chicago Board of Trade (CBOT).

The new contracts are designed to track the price difference between sorghum and corn, two grains used in animal feed and as ethanol feedstock. Physical delivery will be conducted by truck or rail from a network of elevators in Kansas, using the existing Kansas City Hard Red Winter Wheat delivery network.

"While sorghum prices tend to track corn closely over extended macroeconomic cycles, geopolitical events and regional supply shifts can disrupt that relationship," said John Ricci, Managing Director and Global Head of Agricultural Products at CME Group. "In recent years, the sorghum-to-corn cash spread has experienced considerable volatility, swinging from sharp premiums to steep discounts. The Sorghum futures contract will provide market participants a precise instrument to hedge that basis risk."

According to the company's press release, CME Group recorded a quarterly volume of 2.1 million contracts for agricultural products in Q2 2026. Corn futures and options reached open interest of 4.1 million contracts in the same period, with 695,000 contracts traded during the quarter.

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