- Trading Screen Product Name
- Canola Futures
- Trading Screen Hub Name
- Contract Symbol
- Pricing Basis
Free on Board value at points in the Par region.
- 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 East: Non-par locations in Saskatchewan at $0.00/tonne
Central West: Non-par locations in Saskatchewan at $2.00/tonne
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
to see Canola Map
- Contract Size
1 contract = 20 tonnes.
- Trade Match Algorithm
- 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 Flux
- Daily Price Limit
$30.00/tonne above or below previous settlement. See ICE Futures Canada Rule 15 for details on Expanded Daily Price Limits
- Speculative Position Limit
2,000 contracts (In spot month only - see ICE Futures Canada Rules
- MIC Code
- Clearing Venues