An Efficient New Pricing Tool for Trading Black Sea Wheat
As the global demand for wheat continues to build, the world increasingly looks toward the Black Sea region to produce the additional supplies needed to meet the growing requirements. Tied directly to physical grain markets for Black Sea milling wheat, CBOT Black Sea Wheat futures offer effective risk management, price discovery and access to the ever-expanding opportunities in this important market. Black Sea Wheat futures are a natural extension of the CBOT Wheat complex, which has served as the global benchmark marketplace for agricultural commodities for more than 135 years.
Effective Access to the Black Sea
Directly tied to physical Black Sea wheat prices
Regionally relevant trading hours for access during underlying markets’ daytime
Participation in a growing market (>20% of global wheat export trade)
Trades electronically on CME Globex, enabling worldwide access and participation
One marketplace to address all your world wheat trading needs
Opens new spreading opportunities with other world wheat contracts
Counterparty credit risk mitigation through CME Clearing
More than 100 Years of Experience
Draws on our 100+ years of experience developing global agricultural benchmarks
Contract size is 136 metric tons (~5,000 bushels)
Regionally relevant trading hours from 1:00 a.m. to 1:15 p.m. Central Time (Chicago) / 10:00 a.m. to 10:15 p.m. GMT+4 / 9:00 a.m. to 9:15 p.m. GMT+2 (GMT+3 Daylight Savings Time)
Deliverable in Russian, Ukrainian and Romanian ports on the Black Sea
As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.
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CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of five Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.