Russian soybeans will trade on the Moscow Exchange

The Moscow Exchange started trading soybeans on May 23. It plans to trade the commodity in deliverable forward contracts and swap contracts, with at least a three-day delay in settlement of transactions. At the initial stage, exchange trades will be held on a delivery basis of LLC Bureyskoye Grain Plant, which is the first accredited basis all over the Far East. It is planned to expand the geography of trade in the future through involving accredited delivery bases in other regions.