Two ethanol futures contracts poised to launch in 2004

04/26/2004
Companies tracking US gasoline futures prices soon will be armed with another set of financial derivatives for a rapidly growing component of the nation's gasoline pool: ethanol.The Chicago Board of Trade last week approved the development of a corn-based ethanol futures contract. The new contract is expected to begin trading in the fourth quarter.The CBOT ethanol futures contract thus will join a sugar-based ethanol contract announced last month by the New York Board of Trade (OGJ Online, Mar. 23, 2004). The NYBOT ethanol futures contract is scheduled to launch May 7, and its ethanol options contract on May 10.US ethanol growthGrowth of ethanol volumes blended into US gasoline is all...
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