June 07, 2019
Dear Clients!
UPDATE:
Today, there is a change of delivery date for COCOA, COFFEE, CORN, COTTON, SUGAR, WHEAT instruments. Clients who have open positions were credited or debited with proper swap points amounts.
These are:
– COCOA -5 swap points for long position; 5 swap points for short position
– CORN -900 swap points for long position; 900 swap points for short position
– SUGAR -21 swap points for long position; 21 swap points for short position
– COFFEE -255 swap points for long position; 255 swap points for short position
– COTTON 192 swap points for long position; -192 swap points for short position
– WHEAT -425 swap points for long position; 425 swap points for short position
Today, at the end of the trading day COCOA, COFFEE, CORN, COTTON, SUGAR, WHEAT underlying instruments will change their delivery dates. The current difference between the prices of futures with consecutive delivery terms is:
— COFFEE approx. 2.50 index points
— COTTON approx. -1.75 index points
— SUGAR approx. 0.22 USD
— CORN approx. 9.25 index points
— COCOA approx. 6 index points
— WHEAT approx. 6.25 index points
It means that if nothing occurs between today’s closing and tomorrow’s opening, open price for COCOA, COFFEE, CORN, COTTON, SUGAR, WHEAT should be higher by given values. Change of position value connected with base change will be corrected by swap points equal to the 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.