Commodity exchange

Commodity exchange

Industry: Financial services

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Contributors in Commodity exchange

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Commodity exchange

Crop year

Financial services; Commodity exchange

The time period from one harvest to the next, varying according to the commodity (i.e., July 1 to June 30 for wheat; September 1 to August 31 for soybeans).

Total supply

Financial services; Commodity exchange

The total amount of supply of a grain or oilseed. Consists of Beginning Stocks + Production + Imports.

Underlying futures contract

Financial services; Commodity exchange

The specific futures contract that is bought or sold by exercising an option.

Vault receipt

Financial services; Commodity exchange

A document indicating ownership of a commodity stored in a bank or other depository and frequently used as a delivery instrument in precious metal futures contracts.

Variable price limit

Financial services; Commodity exchange

A price limit schedule, determined by an exchange, that permits variations above or below the normally allowable price movement for any one trading day.

Prearranged trading

Financial services; Commodity exchange

Trading between brokers in accordance with an expressed or implied agreement or understanding, which is a violation of the Commodity Exchange Act and CFTC regulations.

Seller's option

Financial services; Commodity exchange

The right of a seller to select, within the limits prescribed by a contract, the quality of the commodity delivered and the time and place of delivery.