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.
The 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.
"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."
The 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.
As 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.
CME 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. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group