• VARIABLE STORAGE RATE CALCULATION ON THE JULY - SEPTEMBER SPREAD IN CBOT WHEAT

      • To
      • Members, Member Firms and Market Users
      • From
      • Market Regulation Department
      • #
      • SER-6575
      • Notice Date
      • 03 April 2013
      • Effective Date
      • 03 April 2013

    • The Variable Storage Rate (VSR) calculation in CBOT Wheat futures is a process that allows the maximum storage rate that regular warehouses can charge holders of outstanding shipping certificates to change following each contract expiration depending on the size of the nearby calendar spread relative to financial full carry. For details on the VSR calculation, please see http://www.cmegroup.com/vsr.

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