FIS LATEST NEWS

Our experts and contacts discuss and analyse key developments in freight and commodities.

Fertilizers

FIS Completes The First CME Listed Fertilizer Option Trade

Houston/London – March 25th 2024 – Freight Investor Services completed the first listed CME fertilizer option trade, a $340 April NOLA Urea Call Option $5 Premium 15 lots – CME code; UGO

The new Option contract was launched on the 25th March, and the trade done is the latest addition to the growing list of firsts negotiated by the FIS desks.

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News

Happy Capemas: Is This Year’s Present Bigger than 2008?

Wednesday 29th November brought the market an early Christmas present, with record cleared
volumes on Capesize contracts with 19,057 lots across the Cape TC, options and C5 route. Alongside
this there has also been the largest jump in the spot rates since 2010, with rates jumping over $7,000
from $34,656 to $41,796/day on the C5TC index.

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