Russian Invasion Prompts CME to Consider New Wheat Futures

CME Group Inc. is considering new wheat futures as traders shy away from the existing Black Sea contract due to Russia’s invasion of Ukraine, according to people familiar with the matter.

The Chicago-based bourse, one of the world’s largest derivative exchanges, has been consulting with traders and brokers on starting a contract for Romanian wheat, said the people, who asked not to be identified because the information is private. No final decision has been made and talks may not result in a new product, they said.

The move comes after interest in the current Black Sea contract -- based on ...