• Revised: Corn, Soybean, and Wheat Calendar Swap Listing Cycle

      • To
      • Clearing Member Firms; Back Office Managers
      • From
      • CME Clearing
      • #
      • 12-251
      • Notice Date
      • 20 June 2012
      • Effective Date
      • 24 June 2012
    • *Please note:  The listing cycle expansion for the mentioned contracts will now be effective for trade date July 16, 2012.
      Due to customer demand, CME plans to expand the listing cycle for CBOT Corn, Soybean, and Wheat calendar swaps.  
      When Corn, Soybean, and Wheat calendar swaps were listed for clearing in 2009, expirations were listed as far out as their corresponding futures contracts were consecutively listed. The futures trading market listing cycle has expanded since that time. However, since there was little demand for longer dated calendar swaps at that time, the cleared swaps listing cycle was not expanded. Recent customer inquiries for longer-dated calendar swaps suggest the time is right to expand the cleared agricultural calendar swaps’ listing cycles. CME will therefore make available CBOT agricultural calendar swap expirations for clearing as far out as the corresponding futures contracts are consecutively listed. For Corn, Soybean, and Wheat calendar swaps, this will be 34 consecutive expirations listed once per year. Below is the recommended swap listing cycles:

      For the full text of this advisory...