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CME Group describes its new Black Sea and Australian wheat futures contracts and the growth of world wheat trade. USDA data cited show world wheat exports rose about 78% over two decades, outpacing production growth.
The piece also covers wheat derivative volumes and hedging.
New regional wheat contracts give buyers and sellers more ways to hedge Black Sea and Australian exposure, which may improve price discovery for those origins.
cmegroup.comFeb 3, 2020Not 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.
