CME to Launch New Canadian Wheat Futures

Apr 29, 2022

The Chicago-based CME Group has announced it will launch a new Canadian wheat futures market.

To begin June 13, the contract will offer market participants a new tool to directly manage exposure to the Canadian wheat market, CME said in a release Wednesday.

"Canada is the world's second largest producer of spring wheat and is one of the world's top wheat exporters, making it an increasingly important region for our global clients," said Tim Andriesen, Managing Director of Agricultural Products at CME Group. "Canadian Wheat futures are complementary to our existing suite of wheat products and will allow our clients to more effectively manage their exposure across the entire global wheat trade."

Canadian Wheat futures will be cash-settled and will closely track the shipment of grains from Vancouver, where the bulk of Canadian Western Red Spring wheat is exported today. The Canadian Wheat contract will be based on the Platts CWRS (Canadian Western Red Spring) Wheat for Number 2 CWRS 13.5% protein FOB Vancouver daily price assessment.

Canadian Wheat futures will be listed by and subject to the rules of Chicago Board of Trade.

Click here to see more...

Video: Precision Planting DuraWear

Struggling with inconsistent planting depth from row to row? The new DuraWear Depth Handle from Precision Planting is designed to eliminate depth variability and make accurate calibration easier than ever.

In this video, Precision Planting’s Mike Schlitt walks through how the Dura Aware system helps growers achieve consistent, repeatable planting depth—without relying on guesswork or constantly checking T-handle positions.

What You’ll Learn:

— Why row-to-row depth variation impacts emergence and yield
— How the DuraWear Depth Handle allows micro-adjustments on each row
— How the system keeps every row in the same notch setting, even after calibration
— And more!

Whether you're dialing in your planter for spring or upgrading your setup for more precise depth control, the DuraWear Depth Handle gives you clarity, confidence, and consistency.