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Latin America
2013 Contract Months for Short-Dated New Crop Corn and Soybean Options Listed on January 2, 2013
Short-Dated New Crop Options
A Cost-Effective Tool for Trading New Crop Markets
Short-Dated New Crop options provide a shorter tenor alternative for trading new crop corn, soybeans and wheat. These options reference the new crop month but expire earlier than the traditional new crop options. For those looking for a cost-effective way to take a position in key deferred futures contracts, Short-Dated New Crop Corn, Soybean and Wheat options offer enhanced hedging flexibility as well as an array of new trading opportunities.
Since Short-Dated New Crop options expire much earlier than standard new crop options, they allow market participants to manage risk and take advantage of trading opportunities during targeted times in the growing season at a relatively lower cost.
Features
- The underlying futures contracts are December Corn, November Soybeans and July Wheat.
- There are three contract months listed for each product and the expiries coincide with the standard expiry dates of old crop options:
- Corn and Soybeans: May, July, and September will be listed on the first business day of January.
- Wheat: December, March and May will be listed on the first business day of September
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.
Contract Listings |
Product Information and Resources |
|---|---|
|
2012 Contract Listings Short-Dated New Crop Option
Underlying Futures
Short-Dated New Crop Option Contract Months
Corn
December 2012
July 2012, September 2012
Soybeans
November 2012
July 2012, September 2012
Wheat
July 2013
December 2012, March 2013, May 2013
Short-Dated New Crop Corn and Soybean options begin trading June 4, 2012
2013 Contract Listings Short-Dated New Crop Option
Underlying Futures
Short-Dated New Crop Option Contract Months
Corn
December 2013
May 2013, July 2013, September 2013
Soybeans
November 2013
May 2013, July 2013, September 2013
Wheat
July 2014
December 2013, March 2014, May 2014
2013 Short-Dated New Crop Corn and Soybean options will be listed January 2, 2013 |
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Contacts
North America
Ankita Roy
Manager, Agricultural Commodity Options
+1 312 930 3237
Randy Shao, Economist
+1 312 648 3795
Susan Sutherland
Senior Director, Agricultural Products
+1 312 930 2325
Brenda Tucker
Executive Director, Commercial Client Sales
+1 312 454 8304
Ankita Roy
Manager, Agricultural Commodity Options
+1 312 930 3237
Randy Shao, Economist
+1 312 648 3795
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
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
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
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