CME distillers' dried grains futures start in April

Reuters.com
Tue Feb 16, 2010 12:38pm EST

* Trading to start April 26
* Traders wary about volumes for new contract (Adds analyst, trade reaction, details)

By Mark Weinraub

CHICAGO, Feb 16 (Reuters) - CME Group Inc (CME.O) will launch futures contracts for distillers' dried grains, a byproduct of corn ethanol production that can be used to feed animals, the exchange operator said on Tuesday.

Trading in the distillers' dried grain contracts will start on April 26.

"This product will enable our feed customers to directly manage price risk of feed inputs that they haven't been able to before," Tim Andriesen, CME Group managing director for commodities, said in a statement.

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