UK Feed Wheat Futures37089081

Description

The UK Feed Wheat futures contract is relied upon as the European benchmark for the pricing of physical feed wheat. It is actively traded by cooperatives, merchants, traders, exporters and processors (feed compounders, millers, and starch manufacturers amongst others).

Market Specifications

Trading Screen Product Name
UK Feed Wheat Future
Trading Screen Hub Name
ICEU
Symbol
T
Contract Size
One hundred Tonnes
Price Quotation
Pounds and pence per metric tonne
Contract Listing
January, March, May, July, November such that ten delivery months are available for trading

Please note that in the case of Feed Wheat Futures and Options contracts, when a July delivery/expiry month expires, this will be replaced by a new November delivery/expiry month and when a November delivery/expiry month expires, this will be replaced by a new July delivery/expiry month.
Minimum Price Movement
5 pence per tonne (£5)
Settlement
Physical Delivery
Delivery Points
Delivered free to buyer’s lorry in bulk, from a registered store in mainland Great Britain
Grade/Standards/Quality
Sound and sweet, in good condition, and to contain not more than 3% heat damage Natural weight to be not less than 72.5kg per hectolitre Moisture content not to exceed 15% Admixture:
i) seeds and/or total admixture of farinaceous grain (including wild oats) and dirt not to exceed 2%, of which the dirt content not to exceed 1%.
ii) ergot or garlic not to exceed 0.001%
Sprouted wheat not to exceed 6%
Mycotoxins not to exceed the maximum levels specified under any current EU legislation in force
Daily Price Limit
None
Deliverable Growths
EU Wheat that meets the relevant EU requirements.
First Notice Day
Except in respect of January delivery, any day from the seventh calendar day (if not a business day, then the next business day) preceding the first business day of the delivery month, up to the last trading day of the delivery month inclusive. For January delivery, earliest tender day shall be the second business day after Christmas Day
Last Trading Day
Twenty third calendar day of delivery month (in the case of July delivery months, the seventh calendar day) at 12:30 (if not a business day then the first business day immediately preceding)
Delivery Limits
Delivery limits for IFEU Softs can be found here.
MIC Code
IFLX
Clearing Venues
ICEU
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Trading Hours

CityTradingPre-Open
New York5:25 AM - 1:28 PM
05:25 - 13:28
2:03 AM
02:03
London9:25 AM - 5:28 PM
09:25 - 17:28
6:03 AM
06:03
Singapore5:25 PM - 1:28 AM
17:25 - 01:28
2:03 PM
14:03
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Codes

Clearing Admin Name
Feed Wheat
Physical
T
Logical
T
GMI(FC)
R&N A.C.N.