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

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5506
      • Notice Date
      • 30 November 2010
      • Effective Date
      • 18 December 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 December – March wheat calendar spread averaged 99.4% of financial full carry during the period of September 20, 2010 through November 26, 2010. Since this result is greater than 80% of financial full carry, the maximum premium charge that a wheat regular delivery facility may charge holders of its outstanding shipping certificates will increase from 36.5/100s of one cent per bushel per day (approximately 11 cents per bushel per month) to 46.5/100s of one cent per bushel per day (approximately 14 cents per bushel per month) effective December 18, 2010.

      For the full Special Executive Report, please click here (PDF).

CME Group is the world’s leading derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). 
Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.

© 2023 CME Group Inc. All rights reserved.