MIAX Launches Physically-settled Fertilizer Futures on MIAX Futures

Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX

“Imported fertilizer is a vital input for global food production and with one third of all fertilizer traded by sea passing through the Strait of Hormuz, ongoing volatility in the region exposed significant vulnerabilities in the commodity's supply chain.”

Thomas P. Gallagher, Chairman and Chief Executive Officer of MIAX

“MIAX Futures' physically-settled fertilizer futures provide a transparent, exchange-traded mechanism for managing risk and establishing price discovery during times of uncertainty.”

Roger Baker, Vice President, Crop Nutrients Product Line at CHS

“Volatility in global fertilizer markets reinforces the importance of risk-management tools and price transparency throughout the supply chain.”

Roger Baker, Vice President, Crop Nutrients Product Line at CHS

“Customers and suppliers benefit from having access to tools and strategies that can help manage risk as they make purchasing, production and marketing decisions.”

Shelly Brown, Chief Strategy Officer of MIAX and Chief Executive Officer of MIAX Futures

“MIAX Futures has worked closely with the agricultural industry for over a century, and we remain committed to supporting the needs of our customers with product and technology innovation.”