CME Looks to Brazil as Trade War Shifts Global Soybean Flows
- Bourse is studying risk management tools for the Brazil market
- ‘I’m concerned about the American farmer,’ CEO Duffy says
Photographer: Yasuyoshi Chiba/AFP via Getty Images
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The world’s largest derivatives exchange is looking to Brazil as President Donald Trump’s trade war shifts global soybean flows.
CME Group Inc. is working on developing potential risk management tools for the Brazilian market, Chief Executive Officer Terry Duffy said in an interview Thursday at the Association of Futures Markets annual conference in Chicago. Brazil has become “very prominent” in agriculture, especially soybeans, he said, while American exports are suffering due to the trade dispute with China.