CME Group to Launch Two New Wheat Spread Futures Contracts in October
Portfolio Pulse from Benzinga Newsdesk
CME Group is set to launch two new wheat spread futures contracts on October 14, pending regulatory approval. These contracts will be based on the spread between CBOT or KC HRW Wheat futures and Euronext Milling Wheat No. 2 futures, and will be U.S. dollar-denominated.
August 28, 2024 | 7:06 am
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POSITIVE IMPACT
CME Group is expanding its product offerings with the introduction of two new wheat spread futures contracts, potentially increasing trading volume and market interest.
The launch of new futures contracts can attract more traders and increase trading volume, which is positive for CME Group's business. The regulatory approval is pending, but the announcement itself indicates growth in product offerings.
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IMPORTANCE 80
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