Loading…
CME Group announced the launch of Black Sea Wheat FOB and Black Sea Corn FOB financially settled futures, set to begin trading on December 18, 2017, pending regulatory review. Each contract is 50 metric tonnes, settled in US dollars, with monthly and half-monthly settlement periods.
The contracts track Platts Black Sea cash assessments.
The new contracts give traders a cleared hedge for Black Sea wheat and corn exposure, which may improve price transparency for buyers. They do not on their own change supply or demand.
cmegroup.comNov 13, 2017
reuters.comNov 13, 2017Not 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.
