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CME Group's Platts Black Sea Wheat futures and options traded 90,000 lots in the first four months of 2020, up 70% year on year. Open interest rose 90% to over 27,000 lots by the end of April.
The article explains how the contract can be used to hedge Black Sea wheat exposure.
Growing liquidity in Black Sea wheat contracts improves price discovery and hedging for exporters and importers. It does not, by itself, move wheat prices.
benzinga.comCME GroupMay 12, 2020Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
