CME Group to Launch Wheat Spread Futures on October 14
CME Group (CME) announced the launch of two new wheat spread futures contracts on October 14, 2024, pending regulatory review. These contracts are:
1. CBOT Wheat – Euronext Milling Wheat No. 2 Spread futures
2. KC HRW Wheat – Euronext Milling Wheat No. 2 Spread futures
Both contracts will be U.S. dollar-denominated in metric tons, based on the spread between either CBOT Wheat futures prices or KC HRW Wheat futures prices and Euronext Milling Wheat No. 2 futures prices. These new tools aim to help clients manage wheat price exposure more efficiently in an increasingly global and interlinked wheat trade market.
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