Euronext to offer wheat spread trading to boost new contract

April 1, 2015 5:12 PM

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PARIS, April 1 (Reuters) - Euronext will launch at the end of this month an instrument for trading spreads between its main wheat contract and a new premium version in an effort to boost liquidity in the new product, the European exchange said on Wednesday.

Euronext's No. 3 premium wheat contract , touted as a response to problems caused by a rain-hit harvest last year, started trading a month ago and has so far attracted little activity compared with older No. 2 contract that is a price benchmark in Europe.

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