CME Group to Launch Wheat Spread Futures on October 14

Core Viewpoint - CME Group is set to launch two new wheat spread futures contracts on October 14, pending regulatory review, to enhance global wheat trading efficiency [1][2]. Group 1: New Product Launch - The new contracts include the CBOT Wheat - Euronext Milling Wheat No. 2 Spread futures and the KC HRW Wheat - Euronext Milling Wheat No. 2 Spread futures, both denominated in U.S. dollars and based on the spread between U.S. wheat futures prices and Euronext Milling Wheat No. 2 futures prices [2][3]. - These contracts aim to provide clients with innovative tools to manage wheat price exposure more effectively, reducing the need for transactions across multiple venues and allowing trading in a single currency [3]. Group 2: Market Context - The introduction of these spread futures contracts reflects the increasing globalization and interlinkage of the wheat trade, indicating a shift towards more integrated trading solutions [3]. - CME Group's offerings include a wide range of global benchmark products across major asset classes, which positions the company as a leader in risk management and opportunity capture for market participants [4].