April 05, 2019
Dear Clients!
UPDATE:
Today, there was a change of delivery date for COCOA, COFFEE, CORN, COTTON, SOYBEAN, SUGAR, WHEAT instruments. Clients who had open positions were credited or debited with proper swap points amounts.
These are:
COTTON -69 points for long position; 69 points for short position
CORN -900 points for long position; 900 points for short position
SOYBEAN -1300 points for long position; 1300 points for short position
COFFEE -250 points for long position; 250 points for short position
COCOA 15 points for long position; -15 points for short position
SUGAR -10 points for long position; 10 points for short position
WHEAT -300 points for long position; 300 points for short position
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Today, at the end of the trading day COCOA, COFFEE, CORN, COTTON, SOYBEAN, SUGAR, WHEAT underlying instruments will change their delivery dates. The current difference between the prices of futures with consecutive delivery terms is:
— COTTON approx. 0.71 index points
— CORN approx. 9.00 index points
— SOYBEAN approx. 13.25 index points
— COFFEE approx. 2.55 index points
— COCOA approx. -1 index points
— SUGAR approx. 0.15 USD
— WHEAT approx. 3.00 index points
It means that if nothing occurs between today’s closing and tomorrow’s opening, open price for COCOA, COFFEE, CORN, COTTON, SOYBEAN, SUGAR, WHEAT should be higher by given values. Change of position value connected with base change will be corrected by swap points equal to base value.
Clients with limit and stop orders close to current price are kindly requested to adjust their position to changes in base value. Otherwise, stop and limit orders will be executed according to standard procedure.