CME Group to Launch Hard Red Spring Wheat Futures and Options

Rhea-AI Summary

CME Group, the world's leading derivatives marketplace, has announced plans to launch physically-delivered Hard Red Spring Wheat futures and options in early Q2 2025, subject to regulatory approvals. The new offering will enable market participants to manage price risk across all major wheat types on a single exchange with unified clearing.

The physically-delivered contract will feature enhanced specifications and shipping certificate delivery, maximizing flexibility for commercial participants. This expansion comes as CME Group's Wheat futures and options trading volumes saw a 10% increase last year, reaching an Average Daily Volume (ADV) of 229,000, contributing to a record ADV of 1.7 million across all CME Group agricultural products.

The new Hard Red Spring Wheat futures and options will be listed by and subject to the rules of CBOT, offering additional risk management tools and spread capabilities for clients in the wheat market.

News Market Reaction

+1.01%

1 alert

+1.01% News Effect

On the day this news was published, CME gained 1.01%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHICAGO, Jan. 8, 2025 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced its plans to launch physically-delivered Hard Red Spring Wheat futures and options in early Q2 2025, pending regulatory approvals.

"By adding Hard Red Spring Wheat futures and options, market participants will now be able to manage price risk across every major type of wheat on one exchange and all cleared in a single clearing house," said John Ricci, Managing Director and Global Head of Agricultural Products at CME Group.

"In addition to providing important capital efficiencies and increased spread capabilities, our new physically-delivered Hard Red Spring Wheat futures contract will also have enhanced specifications and be delivered through shipping certificates, maximizing flexibility for commercial participants. We will also be launching options at the same time – offering clients another important tool to manage risk in the wheat market."

CME Group Wheat futures and options trading volumes increased 10% last year to an ADV of 229K, helping to drive an all-time ADV record of 1.7M across all CME Group agricultural products.

Hard Red Spring Wheat futures and options will be listed by and subject to the rules of CBOT. For more information, and to stay up to date on additional information as it becomes available, please visit here.

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals.  The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners. 

CME-G

 

View original content:https://www.prnewswire.com/news-releases/cme-group-to-launch-hard-red-spring-wheat-futures-and-options-302345384.html

SOURCE CME Group

FAQ

When will CME Group launch Hard Red Spring Wheat futures and options?

CME Group plans to launch Hard Red Spring Wheat futures and options in early Q2 2025, pending regulatory approvals.

What was CME Group's wheat trading volume growth in the previous year?

CME Group's Wheat futures and options trading volumes increased 10% last year, achieving an Average Daily Volume (ADV) of 229,000.

What are the key benefits of CME's new Hard Red Spring Wheat futures contract?

The new contract offers enhanced specifications, shipping certificate delivery, capital efficiencies, increased spread capabilities, and the ability to manage price risk across all major wheat types on one exchange with single clearing house access.

What was CME Group's total agricultural products trading volume record?

CME Group achieved an all-time Average Daily Volume (ADV) record of 1.7 million across all agricultural products.

Which exchange will list CME's new Hard Red Spring Wheat futures and options?

The new Hard Red Spring Wheat futures and options will be listed by and subject to the rules of CBOT (Chicago Board of Trade).