CME Set to Launch Grain Sorghum Basis Futures Contract on August 24

The CME is set to launch a grain sorghum basis futures contract on August 24, aimed at hedging the price difference between sorghum and corn. Researchers from Kansas State University, Dan O'Brien and Guy Allen, have conducted research to assess the need for this new contract and its implications for the Kansas country elevator system.

The launch of this contract has sparked interest among employees of the Kansas country elevator system, who are invited to attend a discussion on August 11 at the Great Bend Events Center. The event will provide ample time for questions and answers, with lunch provided for registered attendees.