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The Chicago Board of Trade said it plans to expand its listings of corn yield insurance futures and options contracts following this summer’s launch covering Iowa corn production.
Commodity Futures Trading Commission approval will be sought for separate contracts covering yields in Illinois, Indiana, Nebraska and Ohio and the national average yield.
Dave Lehman, a CBOT economist, said additional futures and options were needed by producers who feel more comfortable hedging with local conditions than translating Iowa expections to their own state.
