CHICAGO, Jan. 8, 2025
/PRNewswire/ -- CME Group, the world's leading derivatives
marketplace, today announced its plans to launch
physically-delivered Hard Red Spring Wheat futures and options in
early Q2 2025, pending regulatory approvals.
"By adding Hard Red Spring Wheat futures and options, market
participants will now be able to manage price risk across every
major type of wheat on one exchange and all cleared in a single
clearing house," said John Ricci,
Managing Director and Global Head of Agricultural Products at CME
Group.
"In addition to providing important capital efficiencies and
increased spread capabilities, our new physically-delivered Hard
Red Spring Wheat futures contract will also have enhanced
specifications and be delivered through shipping certificates,
maximizing flexibility for commercial participants. We will also be
launching options at the same time – offering clients another
important tool to manage risk in the wheat market."
CME Group Wheat futures and options trading volumes increased
10% last year to an ADV of 229K,
helping to drive an all-time ADV record of 1.7M across all CME Group agricultural
products.
Hard Red Spring Wheat futures and options will be listed by and
subject to the rules of CBOT. For more information, and to
stay up to date on additional information as it becomes available,
please visit here.
As the world's leading derivatives marketplace, CME Group
(www.cmegroup.com) enables clients to trade futures, options, cash
and OTC markets, optimize portfolios, and analyze data – empowering
market participants worldwide to efficiently manage risk and
capture opportunities. CME Group exchanges offer the widest range
of global benchmark products across all major asset classes based
on interest rates, equity indexes, foreign
exchange, energy, agricultural
products and metals. The company offers futures and
options on futures trading through the CME Globex platform, fixed
income trading via BrokerTec and foreign exchange trading on the
EBS platform. In addition, it operates one of the world's
leading central counterparty clearing providers, CME
Clearing.
CME Group, the Globe logo, CME, Chicago Mercantile Exchange,
Globex, and E-mini are trademarks of Chicago Mercantile Exchange
Inc. CBOT and Chicago Board
of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York
Mercantile Exchange and ClearPort are trademarks of New York
Mercantile Exchange, Inc. COMEX is a trademark of Commodity
Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC
and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a
product of S&P Dow Jones Indices LLC ("S&P DJI").
"S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are
trademarks of Standard & Poor's Financial Services LLC; Dow
Jones®, DJIA® and Dow Jones Industrial Average are service and/or
trademarks of Dow Jones Trademark Holdings LLC. These trademarks
have been licensed for use by Chicago Mercantile Exchange Inc.
Futures contracts based on the S&P 500 Index are not sponsored,
endorsed, marketed, or promoted by S&P DJI, and S&P DJI
makes no representation regarding the advisability of investing in
such products. All other trademarks are the property of their
respective owners.
CME-G
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SOURCE CME Group