PARIS, FRANCE — Euronext is developing cash-settled futures for Ukrainian wheat to serve the growing Black Sea grain export market, Reuters reported.

It is working with Argus Media to develop the product, which will include futures and options.

Euronext has been preparing to launch cash-settled contracts with durum and feed barley this year, in order to expand its commodity business currently based on futures offering physical delivery, Reuters said.

The planned contract would be based on screen trading via Euronext's commodity trading platform.

Further details of the planned contract could not be disclosed yet, Euronext and Argus said.