Fertilizer Swaps: UREA, DAP and UAN

The Clear Choice for Managing Risk in the Volatile Fertilizer Markets

Fertilizer swaps offer new risk transfer and price management tools for the increasingly volatile global fertilizer markets. These contracts – for urea, urea ammonium nitrate (UAN) and diammonium phosphate (DAP) – also provide:

  • Counterparty risk mitigation through CME Clearing
  • Flexibility to trade off-exchange and negotiate own prices
  • Contract sized to suit a range of customer needs
  • Competitive margin requirements

Key facts and features

    CBOT-listed to facilitate agricultural market access
  • Offers a central source of price discovery
  • Answers demand for tools to manage rising volatility
  • Financially settled, separating price risk from supply

Fertilizer Product Slate

Clearing Globex Floor ClearPort Product Name Exchange Product Group Subgroup Category Subcategory Cleared As Volume Open Interest
UFN - - UFN Urea (Granular) FOB US Gulf Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 1,710
FME FME - FME Urea (Granular) FOB Middle East Future CMED Agriculture Fertilizer - - Futures 0 1,600
UFU - - UFU UAN FOB NOLA Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 925
DFL - - DFL DAP FOB NOLA Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 420
UFZ - - UFZ Urea FOB Yuzhny Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 50
FNE FNE - FNE Urea (Granular) FOB US Gulf Future CMED Agriculture Fertilizer - - Futures 0 0
FLE FLE - FLE DAP FOB NOLA Future CMED Agriculture Fertilizer - - Futures 0 0
FEY FEY - FEY Urea (Granular) FOB Egypt Future CMED Agriculture Fertilizer - - Futures 0 0
DFT - - DFT DAP FOB Tampa Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 0
FUE FUE - FUE UAN FOB NOLA Future CMED Agriculture Fertilizer - - Futures 0 0
FTA FTA - FTA DAP FOB Tampa Future CMED Agriculture Fertilizer - - Futures 0 0
FKE FKE - FKE Urea (Prilled Bulk) FOB Yuzhny Future CMED Agriculture Fertilizer - - Futures 0 0
FCE FCE - FCE Urea (Prilled) FOB China Future CMED Agriculture Fertilizer - - Futures 0 0
UFG - - UFG Urea FOB Egypt Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 0
Trade Date: 23 Aug 2016 | PRELIMINARY

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