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USDA: Futures Exchanges Modifications Have Improved Convergence for Corn, Soybeans and Wheat

 

Jan 3 - From 2005 to 2011, wheat, corn and soybean futures contracts were affected by growing discrepancies between expiring futures prices and cash prices - a problem known as non-convergence. In response, the futures exchanges modified their contracts to better reflect market conditions. Those modifications appear to have improved convergence in these markets since 2011, according to the United States Department of Agriculture.

Click here for a link to the report.


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