European Union (EU) Wheat Futures and Options

European Union (EU) Wheat Futures and Options

Effective and efficient risk management solutions for participants in the European wheat marketplace

The physically-delivered, Euro-denominated EU Wheat futures contract is a natural complement to the Soft Red Winter (SRW) and Hard Red Winter (HRW) Wheat futures contracts listed on CBOT. These products, available in one marketplace, represent some of the world’s most important wheat markets. Market participants looking to manage the risk associated with producing, storing, merchandising, processing, and trading EU Wheat now have an alternative listed at the long-established global market leader for wheat derivatives, and backed by the financial integrity of CME Clearing. EU Wheat futures and options will be available to trade electronically on CME Globex. Options will also be available on the Chicago trading floor.

Product Last Change Chart Globex Vol
173.00 -1.75 Show Price Chart 101

It's All About the Delivery

The foundation of the EU Wheat futures contract is its robust delivery mechanism, which features Rouen as the reference pricing market with delivery points across key wheat production areas. By allowing wheat to be held on a warehouse certificate, the contract encourages a forward price curve similar to those discovered in the CBOT SRW and HRW Wheat futures markets. This allows EU Wheat futures to provide effective tracking of the underlying cash market through time, better convergence, and subsequently, valuable price risk management capabilities.

Delivery Process Flow Chart

Features and Benefits

  • Clear delivery rules and specifications applying equally to all parties
  • Unambiguous quality specifications reflecting the majority of the underlying wheat crop
  • A wide range of contract delivery points spread across a number of approved warehouses and firms
  • Delivery through approved warehouses via electronic warehouse certificates provides flexibility to all parties
  • Ongoing warehouse inspections to ensure application of requirements
  • Ability to carry wheat held on certificate across delivery months in return for paying an administrative charge
  • Margin offsets against CBOT SRW and HRW Wheat futures
  • Information to be made available on certificates and wheat stocks
  • Traded on CME Globex, the premier global electronic trading system

Vendor Symbols

Vendor Futures Options
CME Symbol WEU WEO
Bloomberg WUEA Comdty WUEZ6C/P Y(strike) Comdty
CQG WEU WEO
Futuresource (IDC) WEU WEO
DTN/Blue Ocean @WEU @WEU
TT WEU WEO
Fidessa WEU WEO
Ffastfill WEU WEO
ION WEU WEO
Itiviti - ORC (Tbricks) WEU WEO
PATs WEU WEO
RTS WEU WEO
SunGard (FIS) WEU WEO
Stellar WEU WEO
Reuters 0#1WZE 0#1WZE+