• HIGHER PREMIUM (STORAGE) RATES TRIGGERED IN JULY FOR WHEAT

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5298
      • Notice Date
      • 28 June 2010
      • Effective Date
      • 18 July 2010

    • The Variable Storage Rate (VSR) concept in Chicago Board of Trade (CBOT) Wheat futures examines nearby calendar spreads to determine adjustments in contract premium (storage) charges. The July – September wheat calendar spread averaged 134.6% of financial full carry during the period of May 19, 2010 through June 25, 2010. Since this result is greater than 80% of financial full carry, the maximum premium charge that a wheat regular warehouse may charge holders of its outstanding shipping certificates will increase from 16.5/100s of one cent per bushel per day to 26.5/100s of one cent per bushel per day effective July 18, 2010.

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