The CME Groups is one step closer to launching long-planned European Union wheat futures. The news comes after CME has resolved contract issues with grain silo operators in France, according to Reuters. CME Group is the world’s largest futures exchange and could announce the EU wheat market within weeks. Several sources told Reuters trading the EU contracts was expected to start in June of this year. A CME spokesperson said the group does not have a launch date to announce yet. A launch would put CME in competition with Euronext in Paris, whose milling wheat contract is a benchmark in the European Union. The 28-country Union is collectively the world’s biggest wheat grower and exporter. Market upheaval caused by a rain-hit French harvest two years ago, which led the port silos that acts as Euronext’s delivery points for wheat to impose extra quality requirements, fueled interest in CME’s rival project.