Market participants have used CME Group Agricultural futures and options for risk management for over a century. The Wheat futures complex, consisting of Chicago, Kansas City, Black Sea, and Australian Wheat futures, addresses the world’s most critical wheat production regions in one efficient marketplace.

The financially settled Canadian Wheat futures contract complements the existing suite by extending risk management solutions to Canadian producers and exporters and international importers of Canadian Western Red Spring wheat.

The Canadian Wheat futures contract is based on the Platts CWRS 13.5% protein FOB Vancouver daily price assessment, reflecting the export price of high quality wheat at the port of Vancouver. This assessment reflects one of the largest export hubs for hard wheat in the world.

In addition to hedging flat price physical exposure, spreading opportunities are available with KC and Chicago Wheat futures. Margin offsets are available for those interested in trading those spreads.

The contract will be listed on the CBOT and has the backing of CME Clearing, thus mitigating counterparty risk. Canadian Wheat futures are available for screen trading on CME Globex or block trading, reported via CME ClearPort.

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