Black Sea Wheat Futures

 
 
 

CBOT BLACK SEA WHEAT FUTURES

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)

Efficiency

  • 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

Features:

  • 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
  • Block trade eligible (minimum 10 contracts)

News and Highlights

 

 

Product Information and Resources

For more information, contact

EUROPE
Lisa Kallal
Director, Commercial Sales
+44 20 3379 3725

Dean Noble
Executive Director, Intermediary Sales
+44 20 3379 3732

Jeffry Kuijpers
Executive Director, Agricultural Products
+44 20 3379 3729

For Russian or Ukrainian
Alexandre Bobylov
Manager, Agricultural Products
+44 20 3379 3734

NORTH AMERICA
Brenda Tucker
Executive Director, Commercial Sales
+1 312 454 8304

Barbara Schmidt-Bailey
Director, Intermediary Sales
+1 312 634 8356

Susan Sutherland
Senior Director, Agricultural Products
+1 312 930 2325

Joanna Litchfield
Manager, Agricultural Products
+1 312 338 2653

ASIA
Gosuke Nakamura
Director, Commercial Sales
+65 6593 5578

Nelson Low
Executive Director, Agricultural Products
+65 6593 5570

Tina Liao
Director, Commercial Sales
+65 6593 5569

Black Sea Wheat

Source: USDA. Data based on numbers for Russia, Ukraine and Kazakhstan.

 
 

 

 
 

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