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