{"id":39966,"date":"2015-02-09T01:22:53","date_gmt":"2015-02-09T00:22:53","guid":{"rendered":"http:\/\/beta.next-finance.net\/innovation\/euronext-announces-launch-of-new-premium-milling-wheat-no-3-contract\/"},"modified":"2015-02-09T01:22:53","modified_gmt":"2015-02-09T00:22:53","slug":"euronext-announces-launch-of-new-premium-milling-wheat-no-3-contract","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/innovation\/euronext-announces-launch-of-new-premium-milling-wheat-no-3-contract\/","title":{"rendered":"Euronext announces launch of new premium milling wheat No. 3 contract"},"content":{"rendered":"<p>Based on premium specifications, this new contract consolidates Euronext\u2019s expertise in milling<br \/>\nwheat and is fully adapted to the needs of stakeholders in the agrifood industry, providing a higher quality<br \/>\ncontract available for trading from September 2015.<\/p>\n<p>The launch of the new premium milling wheat contract no. 3 is aimed at strengthening Euronext\u2019s offering<br \/>\nin one of its flagship products, now a benchmark for the wheat industry in Europe. Developed in<br \/>\npartnership with industry requirements as expressed in 2014 surveys, this new instrument for physical<br \/>\ndelivery meets enhanced qualitative criteria:<\/p>\n<ul>\n<li> Protein content: minimum 11%<\/li>\n<li> Hagberg falling number: minimum 220 seconds<\/li>\n<li> Minimum 76 kilos per hectoliter<\/li>\n<\/ul>\n<p>Delivery sites for the new contract include silos operated by Euronext\u2019s partners of reference for milling<br \/>\nwheat\u2014S\u00e9nalia, Socomac in Rouen and Sica Nord-C\u00e9r\u00e9ales in Dunkirk\u2014as well as new silos in Nantes and<br \/>\nBordeaux operated by InVivo, France\u2019s largest agricultural cooperative. <\/p>\n<p>Commenting on the new partnership, Laurent Martel, General Manager, Director, Agricultural Division<br \/>\ninVivo, said <em>\u201cWe are delighted to partner as delivery silo in the launch of Euronext&#8217;s new milling wheat<br \/>\ncontract. Our aim is to better meet industry demand for premium quality milling wheat. We hope that<br \/>\nInVivo will contribute to the success of this contract.\u201d<\/em><\/p>\n<p>Anthony Attia, CEO of Euronext Paris, said: <em>\u201cOur milling wheat futures contract is now the European<br \/>\nbenchmark for prices on physical delivery markets. Over the past 15 years, this contract has built a name for<br \/>\nitself based on our in-depth understanding of industry needs and a focus on international growth. Today our<br \/>\npremium milling wheat no. 3 contract is fresh proof of our commitment to stakeholders in agriculture and<br \/>\nwill help strengthen Euronext\u2019s positioning as a major player in commodities markets.\u201d<\/em><\/p>\n<p>Olivier Raevel, Head of Commodities at Euronext, noted: <em>\u201cThe launch of our new premium milling wheat no.<br \/>\n3 contract reflects our commitment to providing greater flexibility and transparency to our partners in the<br \/>\nFrench and European grain industry, with whom we work closely. By raising the bar for wheat quality and<br \/>\nexpanding the number of physical delivery points, we are actively contributing to a quality focused shift in<br \/>\nindustry standards. 2014 saw two record highs in daily trading in our flagship contract, reflecting its<br \/>\nattractiveness to our increasingly global client base. Adding this new contract will boost overall liquidity and<br \/>\nexports.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Euronext, the primary exchange in the Eurozone, is announcing the launch at the<br \/>\nbeginning of March 2015 of its new premium milling wheat no. 3 contract, subject to final regulatory<br \/>\napproval. <\/p>\n","protected":false},"author":20,"featured_media":39964,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1471],"tags":[1671,1749,1711,1437,2103],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/39966"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=39966"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/39966\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media\/39964"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=39966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=39966"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=39966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}