CME Group to Launch European Rapeseed Oil Futures
CME Group said on Tuesday it plans to launch next month a cash-settled European rapeseed oil futures contract using the Argus Media index of Dutch prices.
The company said in a notice on its website that the new product will begin trading on April 28, subject to regulatory approval, on CME’s Chicago Mercantile Exchange.
The futures will consist of consecutive monthly contracts starting in May 2025 and trade in 20-tonne increments, the notice said.
Rapeseed oil is a by-product of rapeseed, Europe’s most-produced oilseed crop.
The launch marks a new effort by CME, whose U.S. corn, wheat and soybean futures are global price benchmarks, to expand its presence in the European grains market.
Euronext rapeseed futures are the benchmark in Europe, but the exchange has stopped trading the accompanying rapeseed oil and meal futures, which have not been very popular.
At the same time, CME and Euronext jointly launched contracts last year allowing trading of price spreads between their respective wheat futures.
The price of rapeseed oil FOB Rotterdam for April delivery was $1,160 per tonne on 18.03.25, while prices for November delivery were at $1,070
Further development of the grain sector in the Black Sea and Danube region will be discussed at the 23 International Conference BLACK SEA GRAIN.KYIV on April 24 in Kyiv.
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