10.11.2008 - Regional Chinese Exchange gains authority in global soy trade
From Istockanalyst.com: In a busy port city in northeastern China, the Dalian Commodity Exchange is quietly coming of age as the reference point for the global soy trade. Dalian has grown in less than two years from a small regional exchange to a soy futures market that rivals CME Group's Chicago Board of Trade. It is increasingly a hedging tool for foreign- invested soy crushers and a price indicator for Asia.On Wednesday, NYSE Euronext, the world's biggest exchange, signed cooperation agreements with the Dalian exchange and its smaller rival, the Zhengzhou Commodity Exchange..... Full Article: Source