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ICE Futures U.S.

FCOJ-A Futures

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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
15,000 pounds of orange juice solids (3% or less)
Price Quotation
Cents and hundredths of a cent to two decimal places
Contract Series
January, March, May, July, September, November.
Minimum Price Fluctuation
5/100 of a cent per pound ( $7.50/contract / )
Settlement
Physical delivery
Grade/Standards/Quality
US Grade A with a Brix value of not less than 62.5 degrees
Daily Price Limit
Ten cents per pound above/below the prior day settlement price.
NOTE: this limit is subject to expansion under certain conditions, please see FCOJ Rule 13.08
Delivery Locations
Exchange licensed warehouses in Florida, New Jersey, and Delaware
Deliverable Origins
U.S., Brazil, Costa Rica and Mexico.
First Notice Day
First business day of contract month
Last Trading Day
14th business day prior to the last business day of the month
Last Notice Day
Fifth business day prior to the last business day of the contract month
Position Limit
"Position Limit and Position Accountability information for all IFUS products can be found here.
Markers
TAS (Trade at Settlement)
MIC Code
IFUS
Clearing Venues
ICUS

Trading Hours

CityTradingPre-Open
New York8:00 AM - 2:00 PM
08:00 - 14:00
8:00 PM
20:00
London12:00 PM - 6:00 PM
12:00 - 18:00
12:00 AM
00:00
Singapore8:00 PM - 2:00 AM
20:00 - 02:00
8:00 AM
08:00

**In addition to the Pre-Open start time shown above, there will be a Post-Close Pre-Open order entry session from 2:30 pm to 6:00 pm NY time on the prior Exchange business day.

Codes

Clearing Admin Name
FCOJ A
Physical
OJ
Logical
OJ
GMI (FC)
96
ION A.C.N.
2200
Symbol Code
OJ