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September 18, 2012
Risk Management Strategies
Department of Agricultural Economics,
K-State Research and Extension …
May 21, 2013
Risk Management Strategies
Department of Agricultural Economics, K-State
Research and Extension …
January 5, 2018
Grain Market Outlook, Variable Storage Rates (VSR)
Variable Storage Rate or “VSR” calculations for the CME Kansas City Hard Red Winter Wheat futures
contract have begun. The Chicago Mercantile Exchange (CME) provides an ongoing daily record of
how VSR calculations are progressing for the MARCH 2018 to MAY 2018 futures contract spread in
comparison to what the CME calculates to be “Financial Full Carry” for wheat in storage.
Following is a statement from the CME regarding the Variable Storage Rate mechanism and its
application:
“The Exchange will implement the VSR mechanism with an initial observation period beginning on
December 19, 2017 and ending on February 23, 2018, evaluating the 2018 March – May KC HRW
Wheat calendar spread relative to financial full carry with any changes to the storage rate effective on
March 18, 2018. The storage rate will remain at 19.7/100s of one cent per bushel per day until the
VSR mechanism triggers a change to the storage rate. At which point the storage rate will become
either 16.5/100s of one cent per bushel per day if the storage rate is triggered down or 26.5/100s of
one cent per bushel per day if the storage rate is triggered up. The seasonal storage rate currently in
place for the Contracts will be suspended in lieu of the VSR mechanism, meaning the rate of 19.7/100s
of one cent per bushel per day will remain in place until triggered up or down by the VSR mechanism.”
These VSR Calculations for both Kansas City HRW Wheat futures and Chicago Wheat futures are
available at the following web address:
http://www.cmegroup.com/trading/agricultural/grain‐and‐oilseed/variable‐storage‐rate.html
These preliminary VSR calculations with the MARCH‐MAY 2018 KC HRW Wheat futures spread
running at an average of 90.40% of Financial Full Carry for the December 19, 2017 through January 4,
2018 period would indicate that the CME will be increasing its storage rate used in the VSR
calculation. Of course, the long term average through February 23, 2018 will provide the final
determination of whether such changes are made.
This potential storage rate increase would be from the starting value of $0.00197 /bu/day ($0.0591
/bu/30 days) up to $0.00265 /bu/day ($0.0795 /bu/30 days) for the March‐May 2018 period on
wheat delivered against the MARCH 2018 CME KC HRW Wheat futures contract.
Note that the CME Chicago Wheat futures carrying charge is currently at $0.00365 /bu/day ($10.95
/bu/30 days), and that the running average percent of full carry for Chicago wheat is only 51.42% for
the same period.
Following are the KC HRW Wheat futures VSR calculations for through Thursday, January 4, 2018
with added formatting from Kansas State University Extension Agricultural Economics:
http://www.agmanager.info …
July 23, 2024
Grain Market Outlook
Weekly, through July 15, 2024; $/gallon
Source: Trading Economics, https://tradingeconomics.com/commodity/ethanol
Retail Diesel & Gasoline Prices
Weekly Continuous Chart: April 5, 1993 through July 15, 2024
$ / g
allo
n
Diesel$3.826 /gal7/15/2024
$3.826$3.614
Gasoline$3.614 /gal7/15/2024
https://www.eia.gov/todayinenergy/prices.php
1.8 …
October 22, 2020
Precision Ag and Technology Articles
Department Of Agricultural Economics Extension Publication 10/22/2020 … Department Of Agricultural Economics … Department of Agricultural Economics
October 2020
Abstract …
November 15, 2015
Water Policy
Department of Agricultural Economics at Kansas State University … 3
Section IV – Economic Results … area. In order to extend the economic life of the aquifer and
maintain …
July 1, 2019
KFMA Research
Department Of Agricultural Economics Extension Publication 06/30/2019 … Department Of Agricultural Economics … Department of Agricultural Economics
Elizabeth A. Yeager (eyeager@ksu.edu …
March 9, 2011
Energy
Department of Agricultural Economics, Kansas State University … Department of Agricultural Economics, Kansas State University … of those
inputs generates economic activity in the region.
Inputs …
March 1, 2012
KFMA Newsletters
Department of Agricultural Economics
Kansas State University … Department of Agricultural Economics
Kansas State University … Department of Agricultural Economics
Kansas State University …
August 1, 2010
KFMA Newsletters
projects that have limited economic
viability in the long-run … interest.
Garrett described the economic bubble that
occurred in … and the Austrian
School of Economics. In addition to sponsoring …