# CME's Black Sea wheat, corn futures open for trading | Reuters

> CME Group's Black Sea wheat futures began trading on Monday with an opening trade of $184.50 per tonne for 40 lots in August contracts. Black Sea corn futures had not traded as of 1045 GMT. The wheat contract settles against the Platts Russian Wheat 12.5% FOB Black Sea price.

- Date: 2017-12-18 · published 2017-12-18T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/67328-cme-s-black-sea-wheat-corn-futures-open-for-trading-reuters
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Corn](https://feedsoft.ai/c/CORN.md)

## Why it matters

A new regulated futures contract gives exporters and buyers a hedging tool for the Black Sea export region, which may improve price transparency for feed wheat and corn sourced there. The launch itself does not shift supply or demand, so the direct price impact is limited.

## Read by commodity

- CORN: neutral
- WHEAT: neutral

## Sources

- reuters.com: https://www.reuters.com/article/business/cmes-black-sea-wheat-corn-futures-open-for-trading-idUSL8N1OI293/

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