Physically-deliverable wheat futures
OVERVIEW
The grain market is a strategic economy sector. It affects many related productions and even entire industries, as well as the most important cross-industry ratios and macroeconomic indicators. Russia is the world’s biggest wheat producer and exporter, with Russian wheat supplies being a major influence on the global food market. Today, Russia is the global leader in wheat exports, with wheat exports making up more than 60% of total Russian grain exports.
CPT Novorossiysk Russian Wheat Index Futures Contract is the only exchange-traded instrument for Russian wheat both in Russia and worldwide which tracks the price level on the main export basis.
PARAMETERS
Underlying asset: CPT Novorossiysk Russian Wheat Index
Type: cash-settled futures contract
Code: WHEAT
Contract price is quoted in RUB per ton
Lot: One ton
Tick: RUB 10
Tick value: RUB 10
SETTLEMENT PROCEDURE
The price at which the Contract is settled (settlement price) shall be considered equal to the arithmetic average value of the CPT Novorossiysk Wheat Index over the calendar month preceding the settlement day (inclusive), as rounded to the accuracy of RUB 1. Values of the CPT Novorossiysk Wheat Index for each day on which the index was calculated during the calendar month is published on the NAMEX website.
The settlement day for the Contract is its last trading day
Settlement months: January, February, March, April, May, June, July, August, September, October, November, December
MATERIALS
CONTACTS
Derivatives Market Department
Telephone: +7 495-363-3232
e-mail: derivatives@moex.com