If you're new to futures and options on futures, the first four chapters will give you a solid foundation.  Chapters 5 and 6 include futures and options strategies, both from a buying and selling hedger's perspective.  As a result of this revision, the book has been renamed Agricultural Futures and Options: A Hedger's Self-Study Guide.

If you're new to futures and options on futures, the first four chapters will give you a solid foundation.  Chapters 5 and 6 include futures and options strategies, both from a buying and selling hedger's perspective.  As a result of this revision, the book has been renamed Agricultural Futures and Options: A Hedger's Self-Study Guide.

If you're new to futures and options on futures, the first four chapters will give you a solid foundation.  Chapters 5 and 6 include futures and options strategies, both from a buying and selling hedger's perspective.  As a result of this revision, the book has been renamed Agricultural Futures and Options: A Hedger's Self-Study Guide.

If you're new to futures and options on futures, the first four chapters will give you a solid foundation.  Chapters 5 and 6 include futures and options strategies, both from a buying and selling hedger's perspective.  As a result of this revision, the book has been renamed Agricultural Futures and Options: A Hedger's Self-Study Guide.

A world without grains and oilseeds and the commodity markets in which they are efficiently traded would be unthinkable. In whole and processed forms, grains and oilseeds provide nourishing food for our families, feed our livestock and are primary ingredients for an ever-increasing range of non-food products including renewable fuels.

Covers the basics of hedging with futures contracts from a buyer's perspective, basis, and more advanced trading techniques, including rolling hedges.

Commodity Futures and Options Contracts Salient Features September 2006

The CBOT DJ-AIGCI Excess Return futures contract (“DJ-AIG ER”) is designed to provide a highly liquid, standardized alternative to custom over-the-counter transactions on the DJ-AIGCI.

In the soybean industry, the term ‘crush’ refers both to a physical process as well as a value calculation. The physical crush is the process of converting soybeans into the by-products of soybean meal and soybean oil. The crush spread is a dollar value quoted as the difference between the combined sales values of the products and the cost of the raw soybeans.

This White Paper focuses on managing the cost of poultry feed and describes a price protection strategy.

A brief overview of the history, contracts, and trading processes of the Chicago Board of Trade Grain & Soybean markets.

A brochure outlining the delivery process for the CBOT's new South American Soybean Futures Contract.

This white paper illustrates using CBOT Treasury futures to adjust the duration of a fixed-income portfolio.

When the interest rate outlook sparks concerns that falling yields will increase prices, Chicago Board of Trade U.S. Treasury futures offer an effective means to protect the cost of acquiring fixed-income assets.

When rising yields signal possible erosion in the value of fixed-income assets, Chicago Board of Trade U.S. Treasury futures provide efficient, cost-effective asset protection.

This white paper shows how options on CBOT fed funds futures allow a sharper focus on anticipated Fed action than other kinds of options and shows how traders can use simple long or short option positions to express their opinions.  It also shows how traders can construct a synthetic binary option.

The following illustrates this benefit for spread trades between CBOT and CME Fed Fund-Eurodollar futures.

The following illustrates this benefit for spread trades between CBOT and CME interest rate futures.

Chicago Board of Trade Binary Options on the Target Fed Funds Rate represent an important step in the CBOT effort to provide market participants with flexible and effective trading tools.

With CBOT 30-Day Fed Fund Futures (FF) and companion options (FFO), users can manage risks associated with prolonged, i.e., one-month exposure to the true cost of overnight money, in the form of the effective overnight federal funds rate.

Too often traders find themselves lacking a tool that enables them to either fine tune an existing position or gain the precise exposure they desire. Chicago Board of Trade Flexible Options on U.S. Treasury futures (“Flex Options”) provide the dexterity to manage a position and gain market exposure without sacrificing the benefits of an exchange-traded derivative. This publication will cover the features of Flexible Options, the reasons for using them, and how to initiate a trade.

Financial Futures and Options Contracts Salient Features March 2006

This reference guide reviews key benefits of CBOT Swap futures, discusses their hedge effectiveness, explains the mechanics of contract pricing, and summarizes the salient features of the contracts’ terms and conditions.

This reference guide reviews key features of the underlying fed funds market. It discusses futures pricing and settlement and shows how the futures can help predict future Fed policy shifts.

This strategy paper shows how portfolio managers can design robust and cost-effective hedges, using combinations of CBOT swap and Treasury futures, that will protect their holdings from interest rate risk.

This reference guide notes the key benefits of using options on CBOT fed funds futures, reviews market background, discusses critical volatility characteristics, and suggests areas of application.

CBOT Treasury futures are contractual obligations to either buy (take delivery of) or sell (make delivery of) the underlying US Treasury bonds or notes. As such, the delivery process exerts significant influence on the prices at which Treasury futures contracts trade, even though most contracts are offset prior to expiration. This booklet describes the Treasury futures delivery process and explains the rules and procedures that govern delivery. It is intended as an introduction for those who wish to better understand the mechanics of delivery and how delivery can affect pricing of Treasury futures.

This leaflet points out the key benefits of CBOT Treasury futures for active traders. Of special interest is an illustration of how much bang for the buck these markets deliver.

This booklet provides a broad overview of CBOT Treasury futures and options, including fundamentals, concepts, applications and contract specifications.

This white paper highlights trading opportunities using CBOT Treasury futures to capitalize on yield curve expectations.

Find out why veteran traders find more value at the CBOT.  Trading perspectives from Jack Broz, John Carter, Dan Gramza, Mark Melin, John Person, Saul Shaoul, Keith Schap, Hubert Senters and Jim Wyckoff on trading CBOT mini-sized DowSM, metals, agricultural and financial futures and options.

This brochure describes CBOT data available for purchase.

Explains the benefits, the types of investment opportunities available, and who currently participates in the managed futures market.  (2006 edition)

This brochure is an introduction to trading futures.

The following illustrates the potentially significant performance bond reductions between CBOT and CME equity index futures intermarket spreads as a result of the CME/CBOT Common Clearing Link.

This brochure provides a brief overview of CBOT mini-sized DowSM Futures and Options.

This reference guide provides detailed information on CBOT DJIA & mini-sized Dow futures and options.

This document addresses commonly asked questions regarding the Dow JonesSM CBOT? Treasury IndexTM.

This brochure discusses the design, benefits and uses of the Dow Jones CBOT Treasury Index

Learn the the trading secrets and methods from some of the best mini-sized Dow traders.  Discover how the new e-cbot trading platform and clearing link give you the trading edge.

Benefits of trading CBOT mini-sized Dow futures and options.  Booklet includes contract specifications (salient features), trading examples, equivilancies and cash values for comparative products.

The 100 ounce Gold option contract is a flexible addition to the CBOT Precious Metals Complex which includes the 100 ounce Gold futures, the CBOT mini-sized Gold futures (33.2 ounces), the 5,000 ounce Silver futures and the CBOT mini-sized Silver futures(1,000 ounces).

The content featured in this document includes the market position, market objective, profit/loss potential, deltas and other information associated with twelve strategies using CBOT 100 Ounce Gold Futures and Futures Options.

GFMS Limited, the world’s premier precious metals consultancy, assess the global supply and demand situation that has fueled the gold price rally over the last few years, and comment on what they expect the future to hold in this timely special report.

How the e-cbot Market Works provides a description of how futures and options on futures trading takes place.  This ranges from ways in which the trading platform can be accessed to how the orders are input, matched, cleared and monitored.

The eFills Quick Reference Guide details the functionality of the eFills system.