As the global wheat harvest season winds down, both U.S. and European wheat futures have been climbing. With market focuses honing in on world export demand, Dan Basse from AgResource notes, "This year, managing the price differences between various regions will be more critical than ever."
The CBOT Wheat - Euronext Milling Wheat No. 2 Spread futures contract and the KC HRW Wheat - Euronext Milling Wheat No. 2 Spread futures contract will each be U.S. dollar-denominated in metric tons and based on the spread between either CBOT Wheat futures prices or KC HRW Wheat futures prices and Euronext Milling Wheat No. 2 futures prices.