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Education
Learn why traders use futures, how to trade futures, and what steps you should take to get started.
Take advantage of hedging flexibility with Short-Dated New Crop options on Corn, Soybeans, Soybean Meal, Soybean Oil, South American and Wheat futures.
- Lower premiums than standard new crop options due to reduced time value
- Cost-effective way to take a position in new crop futures contracts
- Hedge a lower cost “window” version of traditional minimum price contracts
- Precision timing to trade high impact events on new crop markets, such as USDA reports
- Manage risk during specific windows of the growing season at reduced costs
Soybean Futures Price
Example: In early June, a producer buys a slightly out-of-the-money put option on new crop futures to hedge against lower new crop price.
- In the past, the producer had only one choice: Nov standard put with 1200 strike, premium of 49.1 and 145 days to expiration.
- Instead, the producer chose a Sep SDNC option with 1200 strike, premium of 34.1 and 82 days to expiration.
- Result: The producer saved 31% on the initial premium, was fully hedged against sharply falling new crop prices, and the SDNC option settled 1 1/2 cents off of the standard option at expiration.
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Wheat (SRW)
- View Contract Specs
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Wheat (HRW)
- View Contract Specs
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Soybean Meal
- View Contract Specs
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Soybean Oil
- View Contract Specs
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South American Soybean
- View Contract Specs
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Short-Dated New Crop Option |
Underlying Futures |
Short-Dated New Crop Option Contract Months |
|---|---|---|
Corn |
December |
October thru September. |
Soybeans |
November |
October thru September. |
South American Soybeans |
May |
July, September, November, January, March. |
Chicago SRW Wheat |
July |
December, March, May. |
KC HRW Wheat |
July |
December, March, May. |
Soybean Meal |
December |
January, March, May, July, September, October. |
Soybean Oil |
December |
January, March, May, July, September, October. |
Additional Resources
View all Education
Steven Stasys
+1 312 648 3822
Susan Sutherland
+1 312 930 2325
CME Group is the world's leading and most diverse 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.
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Phone: +1 312 930 1000
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