FFA Market Traces Back to Its Route Through Brazil-China Grain Trade

FFA market goes ‘back to its routes’ with the launch of cleared futures contract enabling users to hedge booming Brazil-China grains trade.
New route offers shipowners and grains market players on the key Brazil-China soyabeans route a complementary method to the existing Panamax P2A route.
Current pricing of $32.042/tonne FIS estimates that each P8 trip carries approximately $2m of unhedged freight risk.
The market for seaborne transport of soyabeans is approximately 150m tonnes per annum,...