• EXCHANGE PROPOSES CHANGES IN MILLING YIELD PREMIUMS AND DISCOUNTS IN ROUGH RICE FUTURES

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-5261
      • Notice Date
      • 27 May 2010
      • Effective Date
      • 27 May 2010
    • Pending CFTC approval, the exchange plans to implement milling yield premium and discount schedules based on USDA-CCC loan rates rather than fixed percentages effective with the September 2011 contract.

      CME Group’s Research and Product Development (RPD) Department, working with a broad coalition of market participants, proposes changing the milling yield premium and discount schedule in the CBOT Rough Rice futures contract to be more consistent with cash market practices.

      For the full Special Executive Report, please click here (PDF).