Market News & Headlines >> CME May Increase Corn Delivery Points
CME Group Inc may increase the number of delivery facilities for its corn futures contract by more than 65% by expanding the size of its delivery territory, according to an online survey the market operator created for customers.
The exchange operator is considering extending the delivery territory for corn futures to St. Louis from Pekin, Illinois, to make it consistent with the territory for soybean futures, the survey says, according to a Reuters News Service report.
Such a change could increase delivery capacity by 55% and add one more firm to the delivery process, according to the survey. It is dated August 2015 and does not indicate when the expansion could take place.