U.S.D.A.'s weekly Crop Progress report “definitions” supplied by U.S.D.A. regarding major categories in the report

U.S.D.A.'s weekly Crop Progress report “definitions” supplied by U.S.D.A. regarding major categories in the report:

 

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Decoding Those Obscure Commodity Futures Codes

Ever wonder what those letters mean on the various futures market quotations?  The first letter designates the commodity (BO = soy bean oil, W = Chicago soft red winter wheat, KW = Kansas Hard Red Winter wheat, etc.)  The next letter indicates the month of the future market we are trading.  The number at the end of the symbol designates the year. 

 

 

Read more: Decoding Those Obscure Commodity Futures Codes