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CBOT temporarily delays adding 2020 corn contract months

Delay allows study of expanding corn delivery to St. Louis.

Bob Burgdorfer, Senior Editor

November 22, 2016

1 Min Read
Medioimages:Photodisc/Thinkstock

The Chicago Board of Trade, a unit of CME Group, will temporarily delay listing the July 2020 and December 2020 contracts for corn futures and mini-sized corn futures while the exchange reviews feedback regarding expanding the delivery territory to St. Louis, the CME said today.

The two contracts were scheduled to be listed on Dec. 14. Also, the Exchange has suspended the listing of all subsequent contract months until further notice. During that time contract months will be limited to the current March, May, July, September and December for 2017, 2018 and 2019

“The Exchange is in the process of soliciting feedback regarding a potential expansion of the corn futures contract’s delivery territory to St. Louis. If such feedback directs the Exchange to pursue delivery amendments to the Contract, this temporary suspension of the Contracts’ listing schedule will provide a mechanism for the Exchange to implement the delivery amendments commencing with the 2020 contract months,” the CME said.

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