Rolling Active Futures into the Next Period

Overview

Use this job aid to roll active futures into the next period and futures prices for your basis contracts.

To roll active futures into the next period:

1. From the Toolbar, click GRN for Commodity Management.

2. From the Commodity menu, select Contracts, and then select Contract Basis Roll.

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3. In the Location Code box, click Lookup or type * and press Enter, and then select the accounting location, or type the accounting location.

4. In the Purchases/Sales box, type P for purchases or type S for Sales.

5. In the Commodity Code box, click Lookup or type * and press Enter, and then select the commodity code, or type the commodity code.

6. In the Contract Type box, type B for Basis.

7. In the Choose Each Contract? box, type Y to review each contract before rolling, or N to roll all active futures into the next period for the parameters entered in Step 3 -7.

8. Click OK.

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9. In the Board Name box, type the abbreviation name of the board from the Commodity Tables, for example Chicago Board of Trade (CBOT).

10. In the Roll From Futures Month box, type the valid board month the contract basis will be rolled from. Valid futures months are defined under Commodity Tables.

11. Click OK.

12. In the Futures Price box, type the amount that will rollover from the futures month.

13. Click OK.

14. In the Roll To Futures Month box, type the valid board month the contract basis will be rolled to. Valid futures months are defined under Commodity Tables.

15. Click OK.

16. In the Futures Price box, type the amount that will rollover into the futures month.

17. Click OK.

18. Click OK.

19. In the Printer box, type the number associated to the place you want your report to print.

20. In the Print Type box, type the number associated to the characters per inch to print the report in.

21. In the Copies box, type the number of copies of the report you want to print.

22. In the Pages From and To boxes, type the page number range you want to print the report for. Leave the boxes blank to print all pages.

23. Click OK.

Learn more about Contracts feature: