Description

The FCOJ-A futures contract is the world benchmark contract for the global frozen concentrated orange juice market. The contract prices physical delivery of U.S. Grade A juice (with grading performed by the U.S. Department of Agriculture), in storage in exchange licensed warehouse in several U.S. delivery points. Allowed countries of origin are the U.S., Brazil, Costa Rica and Mexico.

Market Specifications

Trading Screen Product Name

FCOJ-A Futures

Trading Screen Hub Name

NYCC

Contract Symbol

OJ

Contract Size

OJ= One FCOJ-A futures contract (15,000 pounds of orange juice solids)

Contract Series

Regular months: January, March, May, July, September and November; Serial months: February, April, June, August, October and December. For a serial option, the underlying future is the next Regular futures contract month

Price Quotation

Cents and hundredths of a cent to two decimal places

Minimum Price Fluctuation

5/100 of a cent per pound ($7.50/contract)

Strike Price Intervals

5-cent increments for all contract months.

Last Trading Day

The third Friday of the month preceding named option month.

Expiration Date

Until 17:00 Eastern time on any trading day including last trading day. Automaticexercise at one tick or more in-the-money at expiration on last trading day

Position Limit

"Position Limit and Position Accountability information for all IFUS products can be found here.

MIC Code

IFUS

Clearing Venues

ICUS

Trading Hours

Codes