Showing Changes to the drying Tables
The Option Months Table is designed as a lookup table for Contract Entry and Maintenance. The Option Month field is retrieved from this table and placed in the Contract File dependent on the Commodity.
The user can maintain the following fields.
- OPTION MONTH – The trading month
- BASIS – The difference between the Local Price and the Chicago Board of Trade Price. (This field can be negative or positive)
- CBOT $ – The Bushel price of the Trading Month
- SEQ # – The sequence number for each Commodity as listed in the drop down list during Contract Entry.
This table is also used when the Roll feature is used for unpriced contracts when the Trading Month is closed and the contract is rolled to the next month for the Commodity.