PARIS, April 29 (Reuters) - CME Group ( CME ) will
launch a new Black Sea wheat futures contract in June that will
track export prices in Romania and Bulgaria, the financial
markets operator said on Tuesday.
The new product, which is subject to regulatory approval,
will be linked to Argus Media's index of export prices for 12.5%
protein wheat in the "CVB" zone that comprises the Romanian port
of Constanta and the Bulgarian ports of Varna and Burgas, CME
said in a statement.
Trading will start on June 2, it said.
(Reporting by Sybille de La Hamaide, editing by Gus Trompiz)