CME Group announced its plans to launch physically-delivered Hard Red Spring Wheat futures and options in early Q2 2025, pending regulatory approvals. This new offering will allow market participants to manage price risk across every major type of wheat on one exchange. All contracts will be cleared in a single clearing house, enhancing capital efficiencies.
The new physically-delivered Hard Red Spring Wheat futures contract will feature enhanced specifications and be delivered through shipping certificates, maximizing flexibility for commercial participants. Options will also be launched simultaneously, providing clients with an additional tool to manage risk in the wheat market. This expansion directly competes with the historic Minneapolis market.
CME Group's existing Wheat futures and options trading volumes increased 10% last year to an average daily volume (ADV) of 229,000 contracts. This contributed to an all-time ADV record of 1.7 million across all CME Group agricultural products. The new contracts will be listed by and subject to the rules of CBOT.
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