Roll Dates
Roll Dates are projected and subject to change without notice. Roll Dates are the expected dates on which the composition of the Benchmark Futures Contract is changed or ”rolled” by selling the near month contract and buying replacement benchmark contract(s).
The three futures contracts (“Corn Futures Contracts”) that are held are traded on the Chicago Board of Trade (“CBOT”), and are specifically: (1) the second-to-expire CBOT Corn Futures Contract, weighted 35%, (2) the third-to-expire CBOT Corn Futures Contract, weighted 30%, and (3) the CBOT Corn Futures Contract expiring in the December following the expiration of the third-to-expire contract.
2019 Roll Dates
| Roll Start Date | Roll End Date | Old Contract | Replacement Contract |
| March 12, 2020 | March 12, 2020 | May 2020 | September 2020 |
| May 8, 2020 | May 13, 2020 | July 2020 | December 2021 |
| July 13, 2020 | July 13, 2020 | September 2020 | March 2021 |
| September 11, 2020 | September 11, 2020 | December 2020 | May 2021 |
| December 11, 2020 | December 11, 2020 | March 2021 | July 2021 |