• NO CHANGES TRIGGERED IN WHEAT PREMIUM (STORAGE) RATES IN JULY

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6299
      • Notice Date
      • 26 June 2012
      • Effective Date
      • 26 June 2012

    • 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 2012 – September 2012 wheat calendar spread averaged 62.80 percent of financial full carry during the period of May 21, 2012 through June 22, 2012. Since this result is between 50 and 80 percent of financial full carry, the maximum premium charge that a wheat regular delivery facility may charge holders of its outstanding shipping certificates will not change from the current rate of 36.5/100s of one cent per bushel per day (approximately 11 cents per bushel per month).

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