Grains & Oilseeds
ICE offers a broad range of futures and options on canola, soybean, wheat and corn. These contracts offer an effective way for producers, merchants and processors in the grains and oilseed industries to manage the price risk associated with crop production, weather patterns, and changes in supply and demand.
ICE is now home to the global benchmark canola contract.
Canada is the leading producer and exporter of Canola (aka rapeseed). Canadian supply is the most influential price determinant for the crop and ICE Canola is the global benchmark contract for price discovery. Strong price convergence, growing volume and growing open interest have made the ICE’s Canola futures and options contracts critical hedging and investment tools in the oilseeds sector.
Soybeans are regarded as one of the world’s most important crops and have a wide variety of uses with a multitude of factors affecting their price. Soybean, as well as its byproducts, soybean meal and soybean oil, are all listed as cash-settled futures and serve as important tools for hedging against supply and demand factors.
Not all wheat is the same. Different classes and growing regions can have vastly different market influences. ICE lists US wheat and UK feed wheat futures offering a range of different tools for customers to manage price and counterparty risk.
Corn is among the most versatile and complex grains in the world with approximately 525 million metric tons produced annually. Corn prices are extremely volatile and sensitive to shortages or miscalculations in demand. Consumers and producers use ICE’s corn futures to reduce or limit the risk associated with an adverse price change.
Neither Intercontinental Exchange, Inc. nor any of its affiliates is the source of SPAN®. The SPAN® methodology was developed by Chicago Mercantile Exchange Inc. and is used by Intercontinental Exchange, Inc. and its affiliates to develop customized versions of SPAN®. SPAN® is a registered trademark of Chicago Mercantile Exchange Inc., used herein under license. Chicago Mercantile Exchange Inc. assumes no liability in connection with the use of SPAN® by any person or entity.