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Breaking News - RTRS-BRIEF-CME says to launch USD CPO contract on May 23

Posted by Flora Sawita Labels:

March 9 (Reuters) - CME Group Inc : * Says to launch dollar-denominated cash-settled crude palm oil contract on may 23 * CME announced the launch date in a statement posted on its website on Tuesday. * Says the contract will create opportunity for cross-trading with soybean oil based on the historically strong correlation between these two products. * Says final cash-settlement prices will be based on the Bursa Malaysia crude palm oil futures contract.

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