CME Group Plans to Start Black Sea Grain Futures, RBC Reports

CME Group Inc., the world’s largest futures exchange, plans to offer trading in Black Sea grain futures, RBC Daily said, citing two unidentified managers of trading companies.

The instrument may use this year’s new harvest and trade on the CME’s Globex electronic system, the newspaper said.

CME Group’s London office confirmed plans to launch the futures contract on Globex, RBC Daily reported.