Wheat market terminal: Euronext milling wheat futures, balance sheets and option-expiry probabilities

What the Wheats terminal covers

Wheats puts the Euronext milling wheat (EBM) futures curve, European cash prices and the official world balance sheets on one board. Every figure carries its source, release date and data licence, and each source is fetched automatically from its publisher.

• Balance sheets. USDA WASDE and IGC side by side for 13 regions, with major-exporter and world-excluding-China stocks-to-use and every monthly revision kept by release.
• Physical market. Rouen milling wheat basis against the front EBM contract, Rouen minus Constanța FOB, and US HRW and SRW Gulf prices against Rouen.
• Forward curve. All listed EBM maturities, calendar spreads and each spread’s share of full carry at €STR plus storage.
• Option expiry. For each OBM option month, the probability that EBM settles above its latest settlement at expiry, from a walk-forward-tested model.

Sugar, rapeseed and CME lean hog boards follow the same layout: ICE Sugar No. 11 positioning with the World Bank, EU and US sugar prices and the USDA world sugar balance; Euronext rapeseed and ICE canola with EU cash prices and vegetable oils; the lean hog value replicated from USDA cash hog reports, the pork cutout, and China’s hog price beside world pork demand. Crop conditions come from JRC MARS, positioning from Euronext COT reports and the CFTC.