# First Black Sea Wheat SWAP Traded Against SP Global Platts | SCB Group

> 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.

- Date: 2017-03-15 · published 2017-03-15T12:00:00.000Z
- Category: market · region Black Sea · magnitude low
- Page: https://feedsoft.ai/events/71840-first-black-sea-wheat-swap-traded-against-sp-global-platts-scb-group
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

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.

## Read by commodity

- WHEAT: neutral

## Sources

- starcb.com: https://starcb.com/2017/03/15/first-black-sea-wheat-swap-traded-against-the-sp-global-platts-black-sea-wheat-price-assessment/

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