# Black Sea Wheat futures spurs new spread trading opportunities

> CME Group reports Black Sea wheat futures have become a regional price benchmark alongside Chicago and KC. September 2020 Black Sea premiums over KC futures reached about $37 per tonne, the highest since October 2019 and up over 100% since February.

- Date: 2020-07-17 · published 2020-07-17T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/52174-black-sea-wheat-futures-spurs-new-spread-trading-opportunities
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Wheat (HRW)](https://feedsoft.ai/c/KWHEAT.md)

## Why it matters

A widening Black Sea premium over US wheat signals tighter Black Sea supply or stronger export demand, supporting world wheat prices and US export competitiveness.

## Read by commodity

- WHEAT: bullish ▲
- KWHEAT: bullish ▲

## Sources

- cmegroup.com: https://www.cmegroup.com/education/articles-and-reports/black-sea-wheat-futures-spurs-new-spread-trading-opportunities

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.