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Thursday, 29 September 2016

Commodity Derivatives

Mexico completes record oil hedge

IFR 2149 3 September to 9 September 2016

Mexico has completed the world’s largest oil hedge, guaranteeing a price of US$42 on 250m barrels of crude oil exports for 2017. 

The Commodity Futures Trading Commission building in Washington, DC

Hemp exchange gets CFTC go-ahead

IFR 2148 27 August to 2 September 2016

The US Commodity Futures Trading Commission has given a green light to the first US regulated platform for hemp derivatives by granting full swap execution facility status to the Seed Commodity Exchange.

The logo of commodities trader Glencore is pictured in front of the company's headquarters in the Swiss town of Baar

Coal hedge turns sour for Glencore

IFR 2148 27 August to 2 September 2016

Glencore’s disclosure of a US$395m mark-to-market loss on derivatives contracts hedging 55m tonnes of coal production raised concerns about the opaque nature of the company’s trading operations.

Hemp exchange gets CFTC approval

26 August 2016

The US Commodity Futures Trading Commission has given a green light to the first US regulated platform for hemp derivatives by granting full swap execution facility status to the Seed Commodity Exchange.

Container ship

SGX makes bid for Baltic Exchange

05 August 2016

Singapore Exchange SGX has made an offer to acquire the Baltic Exchange in a deal that values the London-based shipping bourse at £87m, subject to shareholder support.