The maximum premium (storage) charge for CBOT Oat futures is proposed to increase from 15/100s of one cent per bushel per day (approximately 4.5 cents per bushel per month) to 16.5/100s of one cent per bushel per day (approximately 5 cents per bushel per month), effective for all outstanding and newly issued shipping certificates on July 1, 2011 pending CFTC approval. An increase in the maximum Oat premium charge from 15/100s to 16.5/100s of one cent per bushel per day will better reflect cash market storage rates. The proposed change is in response to industry feedback following a recent survey on contract performance.
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