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Home Wheat Futures & Options Value Line® Futures & Options Contract Specifications Trading Calendars Margins Span Margins |
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Updated September 5, 2008
Value Line®
| Sep | Dec |
23 |
224 |
NOTE: Traders are the source for these calculations of fair value,
listed in basis points. They are not intended as official quotes
of the Kansas City Board of Trade.
Some traders use the figures to get an indication of what the "fair
value" of a futures contract might be. The figures are in basis
points, above the cash indices, and are derived from the following
formulas:
for Value Line®:
VLA*[1%+(T-bill rate - Value Line Investment Survey estimated
median yield)]*(Calendar days until futures expiration/360)
Today's fair value figures are based on a T-bill rate of 1.61 for Sep, 1.69 for Dec and an estimated median yield of 2.3%
as published in the Value Line Investment Survey.
For more information on fair value, please see our answers to frequently
asked questions.
Value Line® is a registered mark of Value Line, Inc., a New York corporation
that provides financial services and publications. Since 1982, the Kansas City
Board of Trade has been licensed to use the Value Line® mark in connection with
its efforts to establish futures markets tied to the Value Line® index. The
Kansas City Board of Trade and Value Line, Inc. are not affiliated corporate
entities.
NOTE: Traders are the source for these calculations of fair value,
listed in basis points. They are not intended as official quotes
of the Kansas City Board of Trade.
Some traders use the figures to get an indication of what the "fair
value" of a futures contract might be. The figures are in basis
points, above the cash indices, and are derived from the following
formulas:
for Value Line®:
VLA*[1%+(T-bill rate - Value Line Investment Survey estimated median yield)]*(Calendar days until futures expiration/360)
Today's fair value figures are based on a T-bill rate of 1.61 for Sep, 1.69 for Dec and an estimated median yield of 2.3% as published in the Value Line Investment Survey.
For more information on fair value, please see our answers to frequently asked questions.
Value Line® is a registered mark of Value Line, Inc., a New York corporation that provides financial services and publications. Since 1982, the Kansas City Board of Trade has been licensed to use the Value Line® mark in connection with its efforts to establish futures markets tied to the Value Line® index. The Kansas City Board of Trade and Value Line, Inc. are not affiliated corporate entities.
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