NewsHK
Price discovery across the global farm sector has long spread across individual commodity contracts, each capturing one crop or one region but none providing a composite read on the agricultural economy as a whole.
CME Group, the world's leading derivatives marketplace, moved to close that gap on July 9 with the launch of its Agriculture Index, a broad-based benchmark tracking the aggregate performance of five sectors it describes as fundamental to the global farm economy.
What the benchmark covers The Agriculture Index is positioned as a unified price gauge for the farm sector rather than for any single commodity.
CME Group described the index as broad-based and tied it explicitly to the global farm economy, though the company's announcement did not enumerate the five sectors by name.
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