PARIS, FRANCE — Euronext, a pan-European exchange group, announced on Sept. 8 that it will launch in the fourth quarter of this year its planned durum wheat cash-settled futures contract.

It said the timeframe for the launch, which is subject to regulatory clearance, is in line with Euronext’s previous expectation of a launch in the second half of 2021.

The durum wheat contract will be traded in 50-tonne lots and offer September, December, March and May as expiry months, Euronext said in a market notice.

Euronext said the cash-settled futures contracts will benefit producers, farmers and cooperatives who want to hedge the price risk of the durum wheat that they are growing, storing, and then selling later in the year.