05.12.2008 - CME group receives regulatory approval for changes to wheat contract
CME Group, the world's largest and most diverse derivatives exchange, announced today that the Commodity Futures Trading Commission (CFTC) has given regulatory approval for changes to its world benchmark Soft Red Winter Wheat futures contract. The changes, which include seasonal storage fees and additional delivery points, are designed to improve convergence between wheat futures and cash prices at contract expiration. CME Group requested approval of the changes from the CFTC based on input from market participants, including commercial firms, grain elevator operators, individual traders, proprietary trading firms and others..... Full Press Release: Source
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