• Implementation of Variable Storage Rate (VSR) Mechanism in the KC HRW Wheat Futures and Mini-Sized KC HRW Wheat Futures Contracts Effective with the 2018 March – May Spread

      • To
      • Members, Member Firms and Market Users
      • From
      • Research and Product Development
      • #
      • SER-7872
      • Notice Date
      • 24 April 2017
      • Effective Date
      • 18 March 2018
    • Effective Sunday, March 18, 2018, and pending all CFTC regulatory review and approval periods, The Board of Trade of the City of Chicago, Inc. (“CBOT” or “Exchange”) intends to implement a Variable Storage Rate (VSR) mechanism in its KC HRW Wheat futures (Rulebook Chapter 14H; Globex Code: KE; Commodity Code KW) and Mini-Sized KC HRW Wheat futures (Rulebook Chapter 14N; Globex Code and Commodity Code: MKC) contracts (the “Contracts”).  The Exchange intends to implement the VSR mechanism in lieu of seasonal storage rates for the Contracts.

      If you require any additional information, please contact Fred Seamon at 312-634-1587 or via e-mail at Fred.Seamon@cmegroup.com or Alison Coughlin at 312-338-7171 or via email at Alison.Coughlin@cmegroup.com.   

      Please click here for PDF of SER-7872.