• No Change in Wheat Premium (Storage) Rates Triggered in July 2017

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7949
      • Notice Date
      • 26 June 2017
      • Effective Date
      • 26 June 2017
    • The Variable Storage Rate (VSR) mechanism in The Board of Trade of the City of Chicago, Inc. (“CBOT”) SRW Wheat futures contract (CME Globex Code: ZW; Clearing and CME ClearPort Code: W; Rulebook Chapter: 14) examines nearby calendar spreads to determine adjustments in maximum contract premium (storage) charges.  The July 2017 – September 2017 wheat calendar spread averaged 59.16 percent of financial full carry during the period of May 19, 2017 through June 23, 2017. 

      Questions may be directed to Fred Seamon in Research and Product Development (312-634-1587 or Fred.Seamon@CMEGroup.com). 

      Please click here for PDF of SER-7949.