The agricultural markets represent one of the largest sub-asset classes in exchange commodity trading. Our products enable clients to manage their price risk on these markets while avoiding counterparty risk.
Sascha Siegel, Head of Agricultural Commodities
Why trade Agricultural Derivatives on EEX?
- Access to a broad range of commodity products
- Hedging of price risks on the agricultural markets
- Financial settlement based on reliable reference prices
- Safe and reliable clearing and settlement processes via European Commodity Clearing (ECC)
- Leading derivatives market for potatoes and dairy products in Europe
Market price indices as the basis for prices on the dairy market
For the calculation of the index, recognised prices established in Germany, France and the Netherlands are used and combined into an unweighted average. As seen from a historical perspective, the correlation between these quotations is at a significantly high level. As a result, the indices reflect the market price of the referenced products within the European Economic Area.
Futures positions which are still open after the last day of trading are settled financially at the final settlement price. This corresponds to the respective market price index.
The European Whey Powder Index is provided by the Agrarmarkt Informations-Gesellschaft mbH (AMI) in Bonn.
Butter, skimmed milk powder and whey powder futures are settled financially upon maturity (Cash Settlement). In financial settlement, reference prices are used which represent the value of the products actually traded (spot price). In all futures contracts, market price indices are used which reflect the market price and increase the transparency of the market as a result.
All products are offered for exchange trading on EEX. In addition, transactions concluded over the counter can also be registered for clearing (Trade Registration). Clearing and settlement of all transactions are provided by ECC, the clearing house of EEX Group.
Skimmed Milk Powder Future
European Whey Powder Futures
Skimmed Milk Powder Index
European Whey Powder Index
5 metric tons
Pricing and minimum price change
Pricing in EUR per tonne, minimum price change: EUR 1 per tonne
At maximum, the following maturities can be traded on EEX: the maturities of the current and the respective next 18 consecutive calendar months
Continuous trading, 8:45 - 18:00 (CET); until 12:00 (CET) on the last day of trading
Last day of trading
Cash settlement, difference between the final settlement price and the settlement price of the previous exchange trading day
Final settlement price
Status of the respective decisive index on the last day of trading at 19:00 (CE
*Please note that this document is exclusively intended for your information and is not legally binding, The legally binding contract specifications are available on the EEX website at Trading > Rules and regulations.
© 2016 European Energy Exchange AG