Comment Text:
As a producer in central Kansas grain price volatility and lack of convergence has been a large concern, especially oil seeds in the last few years. One of my risk management tools is crop insurance, which is based off of futures price, not my real price in Lindsborg Kansas which can have huge financial implications especially in years where an abnormally wide basis at the country elevator occurs. I would like to see CME utilize a hybrid variable storage rate that could be reviewed annually rather than every three or five years to more accurately reflect the market at the farm gate. Thank you for your time.
