LONDON, Sept. 25, 2015 /PRNewswire/ -- CME Group, the world's leading and most diverse derivatives marketplace, today announced the first trades of its new Fertilizer futures contracts on CME Europe, CME Group's European exchange. The contract traded for the first time on Monday, 21 September 2015. The trade comprised of 200 lots of the December 2015 Urea (Granular) FOB Middle East futures contact, and was brokered by Freight Investor Services in London for corporate clients. CME Group has developed a suite of financial-settled fertilizer futures for its European exchange, including products for the Chinese and Middle Eastern Urea markets. These products are available on CME ClearPort and CME Globex and sit alongside other agricultural products on the exchange, including Cocoa futures and options. The contracts are cleared through CME Clearing Europe, CME Group's dedicated European clearing house. "Our fertilizer contracts offer new risk transfer and price management tools for the volatile global fertilizer markets, and it's great to see market participants start to adopt these contracts to manage their risk," said Jeffry Kuijpers, Executive Director, Agricultural Commodities & Alternative Investments, CME Group. "These contracts build on CME Group's expertise in developing... More