CME Group has rolled out trading and clearing services for four new cash-settled fertilizer swap futures for July 11. The firm’s new fertilizer swap futures are the Urea (Granular) FOB NOLA Swap Future, the UAN FOB US Gulf Coast Swap Future, the DAP FOB Tampa Swap Future and the DAP FOB NOLA Swap Future.

The futures are being listed on the CME ClearPort and the New York Mercantile Exchange trading floor. The products will be financially settled against the price assessments compiled by ICIS and Profercy.

Click here for the release from PR Newswire.