Agricultural Products

 
 
 

Modifications to Short-Dated New Crop Options: March Contract Added for Corn and Soybeans View the SER

Short-Dated New Crop Options

A Cost-Effective Tool for Trading New Crop Markets

Short-Dated New Crop options provide a short term alternative for trading new crop corn, soybeans and wheat. These options reference the new crop month but because they expire earlier than the traditional new crop options, their premiums are typically lower. Short-Dated New Crop options on Corn, Soybeans, Chicago Soft Red Winter (SRW) Wheat and KC Hard Red Winter (HRW) Wheat futures offer enhanced hedging flexibility and an array of trading opportunities for those seeking a cost-effective way to take a position in new crop futures contracts.

Features

  • The underlying futures contracts are December Corn, November Soybeans and July Wheat.
  • Contract listings:
    • Corn and Soybeans: March, May, July, and September
    • Chicago SRW Wheat and KC HRW Wheat: December, March and May

Now Available: KC HRW Wheat Short-dated New Crop Options

Benefits

  • Premiums typically lower than standard new crop options because of reduced time value
  • Commercial hedgers can manage risk during specific windows of the growing season at reduced costs.
  • Grain elevators can hedge a lower cost “window” version of traditional minimum price contracts.
  • New opportunities to trade high impact events on new crop markets, such as USDA reports or a change in the weather outlook.
  • Arbitrage opportunities with Calendar Spread Options (CSOs), as well as standard, serial and Weekly Agricultural options.
See Short-Dated New Crop Corn options quotes
See Short-Dated New Crop Soybean options quotes
Short-Dated New Crop KC HRW Wheat options quotes
See Short-Dated New Crop Chicago SRW Wheat options quotes
 

Contract Listings

Product Information and Resources

2014 Contract Listings

Short-Dated New Crop Option
Underlying Futures
Short-Dated New Crop Option Contract Months
Corn
December 2014
March, 2014, May 2014, July 2014, September 2014
Soybeans
November 2014
March, 2014, May 2014, July 2014, September 2014
Wheat
July 2014
December 2013, March 2014, May 2014
KC HRW Wheat
July 2014
December 2013, March 2014, May 2014

2014 Short-Dated New Crop Corn and Soybeans options will be listed August 26, 2013
Dec 2013, Mar 2014 and May 2014 Short-Dated New Crop Wheat and KC HRW Wheat options were listed August 26, 2013

 

Contacts

North America
Joanna Litchfield
Manager, Agricultural Products
+1 312 338 2653

Randy Shao, Economist
+1 312 648 3795

Steven Stasys, Director, Agricultural Products
+1 312 648 3822

Susan Sutherland
Senior Director, Agricultural Products
+1 312 930 2325

Brenda Tucker
Executive Director, Commercial Client Sales
+1 312 454 8304
Europe
Jeffry Kuijpers
Executive Director, Agricultural Products
+44 20 3379 3729

Lisa Kallal
Director, Commercial Sales
+44 20 3379 3725
Asia
Gosuke Nakamura
Director, Commercial Sales
+65 6593 5578

Nelson Low
Executive Director, Agricultural Products
+65 6593 5570

Tina Liao
Director, Agricultural Products
+65 6593 5569
 
 

 

 

 
 

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships

Global

Global Offices Contact Information

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.