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CFTC approves CBOT wheat futures variable storage rate

Posted on 01 December 2009

From WSJ: The Commodity Futures Trading Commission approved a change to the Chicago Board of Trade’s wheat futures contract that is designed to narrow the gap between futures and cash wheat prices, the CME Group said Monday.

The CME, which is the parent company for the CBOT, proposed a variable storage rate for its wheat contract to help the futures and cash markets come together during the futures delivery period…………………………….Full Article: Source

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