News Release

CME Group Announces Record Corn Calendar Swap Volume

Fri Apr 01 2011


CHICAGO, April 1, 2011 – CME Group, the world’s leading and most diverse derivatives marketplace, today announced record volume in Corn Calendar Swaps. On Thursday, Mar. 31, Corn Calendar Swap volume reached a record of 11,710 contracts, surpassing the previous record of 3,331 contracts set on Jan. 12, 2011. CME Group Corn Calendar Swap contracts are subject to the rules of CBOT.


Corn Calendar Swaps were pushed higher in part by the release of the USDA’s Prospective Plantings Report on Thursday, which noted that U.S. farmers intended to plant 92.2 million corn acres this spring versus 88.2 million acres in 2010. Also historically low stock-to-usage levels of corn contributed to CBOT Corn futures ending limit up in trading yesterday.


 “This is another important example of how commercial grain market participants are increasingly using CME Group cleared OTC products as part of their risk management toolkit,” said Tim Andriesen, Managing Director, Agricultural Commodities and Alternative Investments. “Cleared OTC products provide another avenue to manage risk within our wide array of commodity products.” 


CME Group Corn Calendar Swaps are cleared through CME ClearPort and are settled to the corresponding CBOT Corn futures contract closest to but not before the calendar swap month.

As the world's leading and most diverse derivatives marketplace, CME Group ( is where the world comes to manage risk.  CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate.  CME Group brings buyers and sellers together through its CME Globex® electronic trading platform and its trading facilities in New York and Chicago.  CME Group also operates CME Clearing, one of the world’s leading central counterparty clearing provider in the world, which offers clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort®.  These products and services ensure that businesses everywhere can substantially mitigate counterparty credit risk in both listed and over-the-counter derivatives markets.

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