The Brazilian Mercantile and Futures Exchange (BM&F) is a major financial market in Brazil that facilitates the trading of various commodities, financial instruments, and futures contracts. Established in 1985, it plays a crucial role in the Brazilian economy by providing a platform for price discovery and risk management. In 2008, BM&F merged with the São Paulo Stock Exchange (Bovespa) to form the BM&FBOVESPA, which further expanded its offerings and increased its significance in the global financial landscape. The exchange allows participants to hedge against price fluctuations and invest in a wide range of assets, including agricultural products and currencies.