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 for soybeans (“Soybean Futures Contracts”) that are traded on the Chicago Board of Trade (“CBOT”) are specifically: (1) second-to-expire CBOT Soybean Futures Contract, weighted 35%, (2) the third-to-expire CBOT Soybean Futures Contract, weighted 30%, and (3) the CBOT Soybean Futures Contract expiring in the November following the expiration month of the third-to-expire contract, weighted 35%.¹

2018 Roll Dates

Roll Start Date Roll End Date Old Contract Replacement Contract
January 11, 2018 January 11,2018 March 2018 July 2018
March 12, 2018 March 13, 2018 May 2018 November 2019
May 11, 2018 May 11, 2018 July 2018 January 2019
September 13, 2018 September 13, 2018 November 2018 March 2019
November 13, 2018 November 13, 2018 January 2019 May 2019

¹During the period when the Excluded Contracts are the second-to-expire and third-to-expire Soybean Futures Contract, the fourth-to-expire and fifth-to-expire Soybean Futures Contracts will take the place of the second-to-expire and third-to-expire Soybean Futures Contracts, respectively, as Benchmark Component Futures Contracts. Similarly, when the August Contract is the third-to-expire Soybean Futures Contract, the fifth-to-expire Soybean Futures Contract will take the place of the August Contract as a Benchmark Component Futures Contract, and when the September Contract is the second-to-expire Soybean Futures Contract, the third-to-expire and fourth-to-expire Soybean Futures Contracts will be Benchmark Component Futures Contracts.