Black Sea CVB Wheat (Argus) futures have traded on the CBOT exchange for the first time since they were launched by CME on 2 June.
Two counterparties agreed on 18 June to trade 200 lots (10,000t) on the September 2025 futures contract at $231/t.
Another 200 lots traded on the same futures contract at $233/t later in the day.
The contract's financial settlement price will be equal to the arithmetic average of the 12.5pc Romania-Bulgaria fob CVB price published in the Argus AgriMarkets report from 1-15 September.
The trades are the first of their kind since CBOT suspended trading and clearing of all Black Sea futures and options in August 2023.
The launch of the new futures allows market participants to hedge or gain exposure to the world's largest wheat export market.
