CME to launch new wheat futures for Romania/Bulgaria

Published Mar 24, 2025

Tridge summary

CME Group, a financial markets operator, is developing a Black Sea Wheat Futures Contract that tracks prices of Romanian and Bulgarian wheat. The new contract will be suspended based on Russian price indexes, following CME's suspension of its previous contract due to the invasion of Ukraine. The futures will be settled in cash, priced in U.S. Dollars, and trade in 50-metric-ton lots, with expectations for availability during the summer harvest. The company is considering Romania as an option, driven by good harvests, competitive pricing, and war-related risks affecting Russian and Ukrainian supplies.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

CME Group, a financial markets operator, is developing plans to create a Black Sea Wheat Futures Contract that tracks Romanian and Bulgarian wheat prices. CME, the company that has U.S. Corn, Wheat and Soybean Futures that serve as global benchmarks for prices, has suspended trading of its Black Sea Wheat futures, which were based on Russian price indexes, following the invasion of Ukraine. Romania and Bulgaria, members of the European Union, have increased their exports in recent years. Traders said that the new product will be tied to an index of export price for 12,5% protein wheat within the “CVB zone” which includes the Romanian ports of Constanta and Varna and Burgas and the Bulgarian Ports of Varna. The draft document that was seen by revealed that the futures were to be settled in cash, not physically delivered, and priced in U.S. Dollars. They would also trade in 50-metric-ton lots. CME consultations cited by traders indicated that they expected the product to be ...

Source: UkrAgroConsult