Agricultural Products

 
 
 

Modifications to Short-Dated New Crop Options: New Contract Months 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: January, February, March, April, May, June, July, August 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

2015 Contract Listings

Short-Dated New Crop Option Underlying Futures Short-Dated New Crop Option Contract Months
Corn December 2015 January, 2015, February 2015, March 2015, April 2015, May 2015, June 2015, July 2015, August 2015, September 2015
Soybeans November 2015 January, 2015, February 2015, March 2015, April 2015, May 2015, June 2015, July 2015, August 2015, September 2015
Wheat July 2015 December 2014, March 2015, May 2015
KC HRW Wheat July 2015 December 2014, March 2015, May 2015

2015 Short-Dated New Crop Corn and Soybeans options will be listed September 22, 2014

 

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 Client Sales
+44 20 3379 3725
Asia
Nelson Low
Executive Director, Agricultural Products
+65 6593 5570

Tina Liao
Director, Commercial Sales
+65 6593 5569