Monday May 2 2022

News Source: Global Exchanges

Focus: Derivative Market Segment

Type: General

Country: US

Link: https://bit.ly/3vyWHWs




Chicago Mercantile Exchange (CME) Group announced that it will launch Canadian Wheat (Platts) futures on June 13th, pending regulatory review. This contract will offer market participants a new tool to directly manage exposure to the Canadian wheat market.

Canadian Wheat futures will be cash-settled and will closely track the shipment of grains from Vancouver. The Canadian Wheat contract will be based on the Platts CWRS (Canadian Western Red Spring) Wheat for Number 2 CWRS 13.5% protein FOB Vancouver daily price assessment.

Canadian Wheat futures will be listed by and subject to the rules of CBOT

Click on the above link for further information