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MIAX launches physically settled fertilizer futures on MIAX Futures

MIAX Futures has begun trading four physically settled fertilizer futures, covering NOLA urea, MAP, DAP and potash, on its Onyx platform.

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what happened

Miami International Holdings (MIAX) said it has launched four physically settled fertilizer futures on MIAX Futures. The contracts cover NOLA urea (ticker MGU), monoammonium phosphate (MAP), diammonium phosphate (DAP) and potassium chloride (MOP). Trading runs on the Onyx electronic platform, and clearing is handled by MIAX Futures Clearing.

MIAX chairman and CEO Thomas P. Gallagher said that about a third of all seaborne fertilizer passes through the Strait of Hormuz, and that recent volatility in the region exposed weak points in the supply chain. He described the contracts as a transparent, exchange-traded way to manage risk and discover prices in uncertain times. The launch was reported by TradingView, citing a PR Newswire release.

why it matters

The contracts give fertilizer market participants a way to hedge prices for urea and phosphates on an exchange. For agricultural traders this widens the derivatives toolkit, and for MIAX it marks an expansion into commodity futures beyond options and equities.

market impact

Fertilizer market: a new hedging tool may add liquidity and price transparency for urea and phosphates

tags

FuturesStockUnited States

instruments

NOLA UreaDAPMAPMOPFertilizer futures

sources

  1. MIAX Launches Physically-settled Fertilizer Futures on MIAX Futures — TradingView, 21 October 2026 at 10:45 UTC
  2. Miami International Holdings, Inc. (MIAX) Launches Physically-Settled Fertilizer Futures — TradingView, 21 October 2026 at 10:45 UTC
  3. Miami International Holdings, Inc. (MIAX) Launches Physically-Settled Fertilizer Futures — TradingView, 21 October 2026 at 10:45 UTC
  4. Miax Launches Physically-Settled Fertilizer Futures On Miax Futures — Reuters, 21 October 2026 at 10:53 UTC

prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.

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