Futures

Pending CFTC regulatory approval, physical delivery in satisfaction of Minneapolis Hard Red Spring Wheat (HRSW) futures will change from warehouse receipts to shipping certificates beginning with the September 2026 delivery period. Effective with the September 2026 contract, warehouse receipts will not be deliverable against Minneapolis HRSW futures. Physical delivery in satisfaction of Minneapolis HRSW futures for September 2026 and subsequent contracts will be by shipping certificate.

After the conclusion of the July 2026 delivery period, holders of outstanding warehouse receipts issued prior to the September 2026 contract may:

1. Sell the warehouse receipt back to the issuing warehouse at a mutually agreeable price;
2. Cancel the warehouse receipt for load-out;
3. Continue holding the warehouse receipt and pay storage to the issuing warehouse;
4. Sell, transfer, or otherwise dispose of such receipts as permitted by the United States Warehouse Act and USDA regulations.

Effective July 24, 2026 and pending CFTC regulatory approval, market participants may begin registering shipping certificates to be deliverable against the Minneapolis HRSW futures contract, beginning with the September 2026 contract month. Additional information on shipping certificates deliverable against HRSW futures, including recent proposed changes to contract specifications also effective with the September 2026 contract, can be found in the MIAX Futures rule filing located here. All changes are subject to CFTC regulatory approval.

If you have any questions, please contact MIAX Futures Market Regulation at MIAXFuturesMarketReg@miaxglobal.com or (612) 321-7101.

Additional updates will be provided through future Alerts.

To register or revise MIAX Futures Alert subscriptions, visit MIAX Email Subscriptions.