CME Group Announces First Trades of New Australian Wheat FOB (Platts) Futures
Wednesday, August 23, 2017
SYDNEY, Aug. 6, 2017 PRNewswire
CME Group, the world's leading and most diverse derivatives marketplace, today announced the first trades of the Australian Wheat FOB (Platts) futures contract, that launched on 24 July 2017. The trade that took place on 3 August 2017 was brokered by SCB Group. A total of 60 futures contracts, equaling 3,000 metric tons, were traded.
"We are very excited to see industry interest and support for the new Australian Wheat FOB (Platts) futures contract," said Tim Andriesen, Managing Director, Agricultural Products, CME Group. "This contract further enhances CME Group's already broad range of hedging and trading tools for managing exposure to wheat price risk around the globe, helping us better serve our wheat customers both globally and in Asia Pacific."
"We are very pleased to broker the first Australian Wheat FOB (Platts) futures contract as it finally provides the global wheat market access to the international export price of Australian wheat via a financially-settled contract," said James McKay, a broker at SCB Group. "It gives the trade a chance to better manage price risk and it will provide industry participants greater flexibility with which to run their businesses, whether they are an exporter, Asian consumer or any other business around the world with an interest in Australian wheat."
This new Australian Wheat FOB (Platts) Futures contract complements CME Group's existing suite of Euro-denominated EU Wheat, Soft Red Winter Wheat (SRW), Hard Red Winter Wheat (HRW) and Black Sea Wheat futures contract. For more information on this new Australian Wheat FOB (Platts) Futures contract, please visit:- http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/australian-wheat-fob-futures.html
Source: CME Group
For further information: Media Contacts, Lee Meng Gan, +65.6593.5564, or Donal McCarthy, +44.20.3379.3799, firstname.lastname@example.org, www.cmegroup.com/media-room.html, or Investor Contact, John Peschier, 312.930.8491
National Biodiesel Board Welcomes New Membership of SCB Brokers
Tuesday, August 22, 2017
Press release on 15 Aug 2017
The National Biodiesel Board welcomes SCB Brokers, LLC. SCB Group is the newest member to NBB, bringing over 10 years of experience working in the biodiesel industry. NBB brings value to members through a strong advocacy presence in Washington, D.C. and in state capitals across the country, a robust technical program, communications resources, and much more.
“We are excited to have SCB join NBB’s membership to help advance the biodiesel industry,” said Brad Shimmens, Director of Operations and Membership. “SCB has sponsored the National Biodiesel Conference in the past, and we are pleased that they see the value NBB brings to the industry and that they are expanding that partnership into becoming a member. We look forward to working closely together to promote America’s Advanced Biofuel from coast to coast.”
SCB Group is the world’s largest biofuel brokerage group of companies and is a market leader in many carbon reduction credit markets such as RINS and LCFS in the United States. As brokers, SCB connects buyers and sellers across the globe. Through increasing price transparency and lower trading costs, SCB serves the commodities industry and promotes the adoption of low carbon fuel and practices.
“We have established successful partnerships in the biodiesel sector for over 10 years,” said Kevin McGeeney, CEO of SCB Brokers. “We are keen to promote the industry and the work of NBB, and we feel we have much to contribute in terms of ideas, knowledge, and experience.”
Made from an increasingly diverse mix of resources such as recycled cooking oil, soybean oil and animal fats, biodiesel is a renewable, clean-burning diesel replacement that can be used in existing diesel engines without modification. It is the nation’s first domestically produced, commercially available advanced biofuel. NBB is the U.S. trade association representing the entire biodiesel value chain, including producers, feedstock suppliers, and fuel distributors, as well as the U.S. renewable diesel industry.
Contact: Cody Graham
SCB joins ePURE as Associate Member
Thursday, April 20, 2017
SCB has joined the European Renewable Ethanol Association (ePURE) as an Associate Member, further consolidating our commitment to the European ethanol market.
ePURE, established in 2010, promotes production and beneficial uses of renewable ethanol throughout Europe. In this rapidly developing sector, ePURE supports a clear and stable policy environment for continued investment into research and the deployment of new technologies throughout the ethanol value chain.
For more information about ePURE, please visit epure.org