Press release
CME Group to Launch Wheat Spread Futures on October 14
CHICAGO, Aug. 28, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch two new wheat spread
About this update from Cme Group Inc.
[{"type":"text","content":"CHICAGO, Aug. 28, 2024 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will launch two new wheat spread futures contracts on October 14, pending regulatory review. \n\nThe CBOT Wheat - Euronext Milling Wheat No. 2 Spread futures contract and the KC HRW Wheat - Euronext Milling Wheat No. 2 Spread futures contract will each be U.S. dollar-denominated in metric tons and based on the spread between either CBOT Wheat futures prices or KC HRW Wheat futures prices and Euronext Milling Wheat No. 2 futures prices.\n\"As the wheat trade becomes increasingly global and interlinked, we are pleased to provide our clients with innovative new tools to manage their wheat price exposure more efficiently,\" said John Ricci, Managing Director and Global Head of Agriculture Products at CME Group. \"These new spread futures contracts will eliminate the need to transact and clear on multiple venues, allow clients to trade these products in a single currency and expand access to these important benchmark markets.\" \nThe new spread futures will be listed by and subject to the rules of CBOT. For contract specifications, or for more information on CME Group's wheat benchmarks, please visit here: https://www.cmegroup.com/wheatspread.\nAs the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. \nCME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc....