In partnership with S&P Global Platts, CME Group offers Australian Wheat futures (AUW) contracts to complement our existing suite of euro-denominated Soft Red Winter (SRW), Hard Red Winter (HRW) Wheat and Black Sea Wheat futures contracts.
CBOT Australian Wheat FOB (Platts) futures will allow you to gain or reduce price exposure to Australian wheat exports. The contract is based on the Platts APW Wheat FOB Australia assessment, a daily price assessment of the spot physical price for Australian Premium White (APW) wheat.
Australian Wheat futures will be available to trade on CME Globex and CME ClearPort.
| Clearing | Globex | ClearPort | Product Name | Cleared As | Volume | Open Interest |
|---|---|---|---|---|---|---|
| AUW | AUW | AUW | Australian Wheat FOB (Platts) Futures | Futures | 0 | 1,000 |
Inter-Dealer Brokers (IDBs)
IKON Commodities
Kristen Hopkins
+61 2 8355 3602
McDonald Pelz IB LLC
Andrew Rechten
+44 2038 765309
Ian Pelz
+1 303 4832835
Starsupply
James McKay
+61 477 704 928
StoneX
Brett Cooper
+65 6309 3993
Nick Orssich
+61 2809 42005
Platts APW Wheat FOB Australia price assessment represents the daily tradable value of Australian Premium White wheat, with a minimum of 10.5% protein (on an 11% moisture basis), a maximum of 12.5% total moisture, a minimum falling number of 300 seconds and a typical flour wet gluten of 24.5%.
Other grades of milling wheat are normalized to APW, making Platts APW wheat assessment a suitable proxy for the whole sector.
Platts APW Wheat FOB Australia predominantly reflects export spot transactions from western and southern Australia, but exports from other Australian locations may be monitored for pricing consistency. The assessment also encompasses trade data from across Asia and the Middle East, with transactions agreed on a CFR basis normalized back to FOB using prevailing spot freight rates.
For more information, contact: agriculture@cmegroup.com.
© 2021 CME Group Inc. All rights reserved.