Black Sea Wheat To Get It's Own Futures Market

Posted by Nogger - a legend in his own mind at 13:42 | Categorized as

18/04/12 -- The CME Group are to launch a new Black Sea wheat futures contract on 6th June, subject to regulatory approval, they say. This will be, as they correctly point out "the only futures contract truly correlated with Black Sea milling wheat."

I think it should prove very popular. The contract will be equivalent in size to CBOT wheat's 5,000 bushels at 136 MT. More info here.