Friday marked the last trading day of the August futures contracts and the start of September as the spot month
. This is known as the spot month
"contract roll." The National contract "rolled" into September (FUT.VNU201909) at $0.073 (5.2%) over August to $1.480 per mile.
The limits will apply from 3 January 2018 to positions held in the Spot Month
and the Other Months' periods for each commodity derivative.
Dodd-Frank empowers the CFTC to establish limits on the number of positions one trader may hold in the spot month
, all other months, and the aggregate number of positions one trader may hold in all months on exempt and agricultural products.
As a result of the reduced North Sea production, the Brent crude spot month
premium over WTI crude has widened to $20 and the spread between the first over the second Brent futures contract has moved from a discount to a premium of 1.6 dollars per barrel during July and August, which is an expression of tightness in the spot market.
(56) The spot month
contract is the contract nearest to expiry,
Ethanol futures on the Chicago Board of Trade were flat to slightly higher, with the spot month
up 0.012 cents to $2.813 per gallon.
These would limit positions in spot month
of derivatives markets such as crude oil futures to 25 per cent of deliverable supply, and limit open interest held by any party to less than 10 per cent of forward futures months in most cases.
The proposals would limit positions in the spot month
of derivatives markets such as crude oil futures to 25 percent of deliverable supply, and limit open interest held by any party to less than 10 percent of forward futures months in most cases.
What is this, testimony to a lost spot month
? This issue's wrapped in a silk screened cover (but the cover's limited) and has a cool retrospective on a backyard ramp written by various dudes who skated it (word to JM: maybe time to lay off the caps, man!).
The way the story goes, big roasters have been buying hand to mouth for sometime now, benefitting from the spot month
's inevitable slouch off the board as it comes to the front of the queue.
Speculative Position Limits: 600 contracts all months combined; 300 contracts any single month; 150 contracts spot month
as of the business day preceding first notice day.