The Commodity Futures Trading Commission approved Seed SEF LLC as a swap execution facility. Seed’s website indicates that it will offer swap products in “emerging agricultural markets with idiosyncratic production risks.” Apparently, its first swap products will be derivatives based on hemp, a type of cannabis plant.

Totally Irrelevant (But Is It?): I guess buyers and sellers in this marketplace will conclusively get to determine whether the grass is truly greener on the other side. I presume they each hope that is not the case.