PARIS, Aug 28 (Reuters) - Euronext will launch

three spread contracts on grains on Oct. 14, including two joint

ones with the CME Group ( CME ), pending regulatory review,

company statements said on Wednesday.

The two joint Euronext-CME spread contracts will allow

trades on the spread between Euronext's milling wheat futures

and both the Chicago Board of Trade and Kansas

wheat futures, the companies said in separate

statements.

The announcement confirms a Reuters report in May that

Euronext and the CME planned joint spread futures.

In addition to the two joint contracts, Euronext said it

will launch a third spread contract between Euronext milling

wheat futures and Euronext maize (corn) futures.

Spread contracts are financially-settled futures contracts

based on a price differential between two different products, in

this case two different futures.

"Until now, market participants had to trade the different

futures contracts separately, executing a spread strategy in two

inverse trades on each outright," Euronext said.

"The listed spread contracts launched by Euronext will allow

financial investors and hedgers to execute a spread strategy in

one trade only, bringing significant benefits," it added.

At launch, five expiries will be available for trading, from

Dec. 2024 to Dec. 2025, Euronext said.