RTS Group will begin trading a cash-settled futures contract on wheat from March 15, Mondovisione reports. The launch of the contract is part of a joint project between RTS Group and the Saint Petersburg Exchange, which will serve as an organizer of trading. The new contract will be quoted in rubles per ton with settlements in March, May, July, September and December. The on-exchange indicator on wheat calculated on the basis of a price of wheat futures traded on CBOT will be used as a settlement price for the product.
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