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 60 1,245
FME FME - FME Urea (Granular) FOB Middle East Future CME Europe Agriculture Fertilizer - - Futures 0 1,000
UFU - - UFU UAN FOB NOLA Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 15 915
DFL - - DFL DAP FOB NOLA Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 15 105
FLE FLE - FLE DAP FOB NOLA Future CME Europe Agriculture Fertilizer - - Futures 0 0
FEY FEY - FEY Urea (Granular) FOB Egypt Future CME Europe Agriculture Fertilizer - - Futures 0 0
DFT - - DFT DAP FOB Tampa Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 0
UFZ - - UFZ Urea FOB Yuzhny Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 0
FUE FUE - FUE UAN FOB NOLA Future CME Europe Agriculture Fertilizer - - Futures 0 0
FTA FTA - FTA DAP FOB Tampa Future CME Europe Agriculture Fertilizer - - Futures 0 0
FKE FKE - FKE Urea (Prilled Bulk) FOB Yuzhny Future CME Europe Agriculture Fertilizer - - Futures 0 0
FCE FCE - FCE Urea (Prilled) FOB China Future CME Europe Agriculture Fertilizer - - Futures 0 0
UFG - - UFG Urea FOB Egypt Swaps CBOT Agriculture Fertilizer - - Cleared Swaps 0 0
FNE FNE - FNE Urea (Granular) FOB US Gulf Future CME Europe Agriculture Fertilizer - - Futures 0 0
Trade Date: 02 Dec 2016 | PRELIMINARY

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