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S&P Global Platts' Black Sea wheat price assessment was used as the settlement price for the first swap contract for Black Sea wheat, traded between Ameropa AG and Solaris Commodities via SCB & Associates. The deal gives traders a new hedging tool tied to 12.5% protein Russian wheat shipped from Novorossiysk.
A dedicated Black Sea wheat hedge improves price risk management for exporters and may make Russian wheat pricing more transparent, but it does not by itself change physical supply or demand.
starcb.comMar 15, 2017Not 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.
