Black Sea Wheat and Corn

Normal Daily Settlement Procedure

Daily settlements of Black Sea Wheat Financially Settled (Platts) Futures (BWF) and Black Sea Corn Financially Settled (Platts) Futures (BCF) are determined by CME Group staff based on the following approach:

Tier 1:   All relevant market data available at 17:30 UK Time will be used to derive a settlement in each contract month.

Tier 2:   If no relevant information is received by 17:30 UK Time, then the contract month settles to the prior-day settlement price.