Pending CFTC approval, the exchange plans to implement milling yield premium and discount schedules based on USDA-CCC loan rates rather than fixed percentages effective with the September 2011 contract.
CME Group’s Research and Product Development (RPD) Department, working with a broad coalition of market participants, proposes changing the milling yield premium and discount schedule in the CBOT Rough Rice futures contract to be more consistent with cash market practices.
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