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Canola Futures251

ICE Futures U.S.

Canola Futures



The canola futures contract is the world benchmark for canola trading. The contract prices physical delivery of canola seed free-on-board trucks or rail cars in the par delivery region in Saskatchewan.

Market Specifications

Trading Screen Product Name
Canola Futures
Trading Screen Hub Name
Contract Symbol
Canadian dollars.
Delivery Month
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 Locations
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

For Fees Related to the Delivery/Shipment Process click here.
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.
Delivery Date
First Trading Day of the delivery month.
Last Trading Day
Trading Day preceding the fifteenth calendar day of the delivery month.
Last 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
$60.00/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)
TAS (Trade at Settlement)
MIC Code
Clearing Venues

Trading Hours

New York8:00 PM - 2:20 PM*
20:00 - 14:20
7:30 PM
London1:00 AM - 7:20 PM*
01:00 - 19:20
12:30 AM
Singapore9:00 AM - 3:20 AM*
09:00 - 03:20
8:30 AM

*Next Day

In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:50 pm to 6:00 pm NY time on the prior Exchange business day.


Clearing Admin Name
Canola US
Symbol Code