CHICAGO, April 27, 2022 /PRNewswire/ — CME Group, the world’s leading derivatives market, today announced that it will launch Canadian wheat futures (Platts) on June 13, pending regulatory review. This contract will provide market participants with a new tool to directly manage exposure to the Canadian wheat market.

Canada is the world’s second largest spring wheat producer and one of the world’s leading wheat exporters, making it an increasingly important region for our global customers,” said Tim Andriesen, General Manager of Agricultural Products for the CME Group. “Canadian wheat futures complement our existing line of wheat products and will allow our clients to more effectively manage their exposure to the entire global wheat trade.

Canadian wheat futures will be cash-settled and closely track the shipment of grain Vancouver, where most of Canada’s Western Red Spring wheat is exported today. The Canadian wheat contract will be based on the daily valuation of the Platts CWRS (Western Canada CWRS) wheat price for No. 2 CWRS wheat at 13.5% protein FOB Vancouver.

Ian DudenGlobal Pricing Director, Agriculture at S&P Global Commodity Insights, said, “We are delighted that CME Group and its clients recognize the important role our independent assessment of the price of Canadian wheat plays in creating price transparency, which provides in turn opportunities for the provision of risk management tools that bring greater efficiency to global agriculture markets.”

Canadian wheat futures will be listed and subject to CBOT rules. For more information and contract specifications, please see here.

About CME Group
As the world’s leading derivatives market, CME Group ( enables clients to trade futures, options, spot and over-the-counter markets, optimize portfolios and analyze data, enabling market participants around the world to efficiently manage risks and seize opportunities. CME Group exchanges offer the broadest range of global benchmark products across all major asset classes based on interest rate, stock indices, exchange, energy, agricultural production and metals. The Company offers futures contracts and options on futures contracts through the CME Globex®, fixed income trading via BrokerTec and currency trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

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