CME Plans Higher Storage Rates for Corn, Soybean Futures in 2019

Posted on 07/11/2018 9:43 AM
CME Group announced late Tuesday it will increase the storage costs for any deliveries against futures next year from 5 cents a month to 8 cents a month starting in December 2019 for corn and November for soybeans. The commercial trade has been arguing that the higher variable storage rate in wheat futures was leading to higher returns...