- Trading Screen Product Name
- Canola Futures
- Trading Screen Hub Name
- ICUS
- Commodity Code
RS
- Currency
Canadian dollars.
- Delivery Months
January, March, May, July, November.
- Deliverable Specifications
Contract deliverable grades shall be based on primary elevator grade standards as established by the Canadian Grain Commission (CGC).
Non-commercially clean Canadian canola with maximum dockage of 8%; all other specifications to meet No. 1 Canada canola at par; or
Deliverable at $5.00/net tonne premium: commercially clean No. 1 Canada canola; or
Deliverable at $8.00/net tonne discount: commercially clean No. 2 Canada canola; or
Deliverable at $13.00/net tonne discount: non-commercially clean Canadian canola, with maximum dockage of 8%; all other specifications to meet No. 2 Canada canola.
Varieties derived from GMOs are deliverable
- Delivery Points
Par: Par area in Saskatchewan.
Central West: Non-par locations in Saskatchewan at $2.00/tonne
premium.
Eastern: Non-par locations in Manitoba at $2.00/tonne discount.
Western: Non-par locations in Alberta (excluding the Peace River
District of Alberta) at $6.00/tonne premium.
Peace River: Non-par locations in Alberta and British Columbia
known as the Peace River District at $2.00/tonne premium.
- Delivery Regions Map
Click
here
to see Canola Map
- Contract Size
1 contract = 20 tonnes.
- Trade Match Algorithm
First-in-First-out (FIFO).
- First Notice Day
One Trading Day prior to the first delivery day.
- First Delivery Day
First Trading Day of the delivery month.
- Last Trading Day
Trading Day preceding the fifteenth calendar day of the delivery month.
- Final Notice Day
First Trading Day after the last Trading Day of the delivery contract.
- Minimum Price Fluctuation
$0.10/tonne ($2.00/contract).
- Daily Price Limit
$30.00/tonne above or below previous settlement. See ICE Futures
U.S. Rule 12.02 for details on Expanded Daily Price Limits
- Speculative Position Limit
3,000 contracts (In spot month only - see ICE Futures U.S. Rules
for details)
- MIC Code
- IFUS
- Clearing Venues
- ICUS