WHEAT PREMIUM (STORAGE) RATES TRIGGERED LOWER IN MARCH

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 March 2012 – May 2012 wheat calendar spread averaged 37.95% of financial full carry during the period of December 19, 2011 through February 24, 2012. Since this result is less than 50% of financial full carry, the maximum premium charge that a wheat regular delivery facility may charge holders of its outstanding shipping certificates will be lowered from 56.5/100s of one cent per bushel per day (approximately 17 cents per bushel per month) to 46.5/100s of one cent per bushel per day (approximately 14 cents per bushel per month) on March 18, 2012.

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