May 2008

Wheat futures trading: Russia builds a future for wheat

by Guy Norton

Russia completed another piece in its agricultural jigsaw in April with the long-awaited launch of wheat futures trading on the National Mercantile Exchange (Namex) in Moscow.


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Russia builds a future for wheat

Although first-day trading volumes were only a modest Rb11.3 million ($480,000), the creation of the new market comes at an opportune time as traders and producers are looking to hedge their risks as wheat prices hit record highs.

It also signals Russia’s objective of building up its financial market...


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