CME Group (CME) early Wednesday disclosed plans to offer Hard Red Spring Wheat futures and options trading in early Q2, pending regulatory approvals.
The move by the derivatives exchange to add physically delivered Hard Red Spring Wheat contracts means market participants can now trade all of the major types of wheat at a single exchange and with all of their trades processed through a single clearing house, CME Managing Director John Ricci said in a statement.
Trading volumes for wheat futures and options increased 10% at CME during 2024, with average daily volume growing to 229,000 contracts, CME said.
Price: 226.46, Change: -0.55, Percent Change: -0.24
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.