CZCE: Plan to launch hard red spring wheat futures and options in the second quarter of 2025.

15:29 21/01/2025

CME Group recently announced plans to introduce physically delivered hard red spring wheat futures and options in the beginning of the second quarter of 2025.

The CME Group recently announced plans to launch physical delivery of hard red spring wheat futures and options in the second quarter of 2025, pending regulatory approval. The hard red spring wheat futures and options will be listed on the Chicago Board of Trade (CBOT) and will be subject to the rules of the exchange. "With the introduction of hard red spring wheat futures and options, market participants will be able to manage price risk for all major wheat varieties on the same exchange and clear through the same clearing house," said John Ricci, Managing Director and Global Head of Shenzhen Agricultural Power Group at CME Group. "In addition to improving capital efficiency and enhancing spread trading capabilities, our newly introduced physically delivered hard red spring wheat futures contract will have superior specifications and will be delivered through shipping documents, maximizing trading flexibility for commercial participants. We will also simultaneously launch corresponding options contracts, providing another important tool for customers to manage wheat market risk." Last year, trading volume for CME Group's wheat futures and options increased by 10%, with an average daily trading volume of 229,000 contracts, driving CME Group's Shenzhen Agricultural Power Group to achieve a record high of 1.7 million contracts in daily average trading volume.

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