CME Group Executive Chairman to Discuss Agricultural Commodity Pricing at Congressional Hearing

by Chicago Mercantile Exchange 16 Jun 19:15

CHICAGO, June 16 /PRNewswire-FirstCall/ — CME Group, the world’s largest
and most diverse derivatives exchange, announced that CME Group Executive
Chairman Terry Duffy will discuss with U.S. Senators on Tuesday agriculture
commodity markets to explain facts and share data on CME Group’s agriculture
futures contracts.

“CME Group is happy to work with legislators to explain how our markets
operate, the critical need they serve in providing benchmark agriculture
prices for the world, the fundamental factors that are impacting the
marketplace and data on who trades our products,” Duffy said. “CME Group
congratulates Congress on taking such a timely interest in these markets that
affect all of our lives. In the last week alone rains have deluged acres of
recently planted corn fields, drowning crops and making it difficult to plant
new ones so late in the planting season. As a result, prices in corn have hit
all-time highs.”

The hearing is scheduled for 10:30 a.m. Tuesday in the Dirksen Senate Office
Building. The Senate Appropriations Subcommittee on Financial Services and
General Government and the Senate Committee on Agriculture, Nutrition and
Forestry are jointly hosting the session.

CME Group (http://www.cmegroup.com/) is the world’s largest and most diverse
derivatives exchange. Formed by the 2007 merger of the Chicago Mercantile
Exchange (CME) and the Chicago Board of Trade (CBOT), CME Group serves the
risk management needs of customers around the globe. As an international
marketplace, CME Group brings buyers and sellers together on the CME Globex
electronic trading platform and on its trading floors. CME Group offers the
widest range of benchmark products available across all major asset classes,
including futures and options based on interest rates, equity indexes,
foreign exchange, agricultural commodities, and alternative investment
products such as weather and real estate. CME Group is traded on the New
York Stock Exchange and NASDAQ under the symbol “CME”.

The Globe logo, CME, Chicago Mercantile Exchange, CME Group, Globex and
E-mini, are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago
Board of Trade are trademarks of the Board of Trade of the City of Chicago.
All other trademarks are the property of their respective owners. Further
information about CME Group and its products can be found at
http://www.cmegroup.com/.

CME-G

SOURCE: CME Group

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