Announcing CBOT Black Sea Wheat Futures

Introducing CBOT Black Sea Wheat futures, the first physically delivered Wheat futures contract with delivery points in Russian, Ukrainian and Romanian ports along the Black Sea.  This contract will be listed for electronic trading on the CME Globex platform starting June 6, 2012 and cleared through CME Clearing.

This contract will provide participants with the first truly effective tool for price discovery and risk management in the rapidly growing Black Sea Wheat market – a need that has been underserved by existing futures contracts, which have not offered strong correlations to regional wheat price returns.

Features:

  • Physically delivered wheat through Russian, Ukrainian and Romanian ports
  • U.S. dollar-denominated
  • Electronically traded on CME Globex
  • Access to a market that accounts for over 20 percent of global wheat exports
  • Regionally relevant trading hours: 10:00 a.m. to 9:15 p.m. GMT+ 2 (GMT +3 daylight savings) / 2:00 a.m. to 1:15 p.m. Chicago Time (CT)
  • Dedicated market makers offering two-sided markets
  • Centrally cleared by CME Clearing
  • More than 100 years of experience building liquid and global agricultural commodity benchmarks

The addition of CBOT Black Sea Wheat futures further enhances benchmark opportunities available through CME Group’s leading wheat trading platform, which is headlined by CBOT Wheat futures, the world’s most liquid global wheat benchmark.

Learn more:

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