The Moscow Exchange is planning to launch trading in soybean futures in the second half of 2024.

In the second half of 2024, the Moscow Exchange plans to start trading with cash-settled soybean futures contracts. This information was shared by Evgeny Burtsev, the head of the product promotion and market liquidity development department of the derivatives market, as reported by Interfax Agency.

"This year, probably closer to autumn, we will launch cash-settled soybean futures. The underlying instrument will be an index based on auctions held at the SPIMEX. The margin requirement will be a minimum of 10%. The contract size will be accessible to retail investors to allow portfolio diversification," Burtsev explained.

Furthermore, according to him, the exchange is also considering the possibility of launching futures on sunflower seeds and sunflower oil.

It is worth noting that in 2022, trading with cash-settled wheat futures contracts began on the Moscow Exchange. Shortly after, trading with cash-settled futures contracts on Russian sugar was also launched.