INCREASED MAXIMUM STORAGE RATES IN ROUGH RICE APPROVED

The CFTC has approved the CBOT's plan to increase the maximum storage charge that approved regular warehouses on the CBOT Rough Rice futures contract may charge holders of its outstanding warehouse receipts from 34/100s of one cent per hundredweight per day (approximately 10 cents per hundredweight per month) to 42/100s of one cent per hundredweight per day (approximately 12.5 cents per hundredweight per month). This increase will become effective November 18, 2012. The proposal to increase maximum Rough Rice futures storage charges was originally communicated in SER S-6237R issued on June 11, 2012 and available at:

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