• NO CHANGE TRIGGERED IN WHEAT PREMIUM (STORAGE) RATES IN SEPTEMBER

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5910
      • Notice Date
      • 29 August 2011
      • Effective Date
      • 29 August 2011
    • 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 September - December wheat calendar spread averaged 55.2% of financial full carry during the period of July 19, 2011 through August 26, 2011. Since this result is between 50% and 80% of financial full carry, the maximum premium charge that a wheat regular delivery facility may charge holders of its outstanding shipping certificates will remain at 66.5/100s of one cent per bushel per day (approximately 20 cents per bushel per month).

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