Durum Wheat Futures3912643

Description

The Durum Wheat contract prices physical delivery of Canada Western Amber Durum (CWAD) wheat free-on-board at elevators in South-western Saskatchewan, with additional delivery points in South-eastern Saskatchewan and Southern Alberta.

Market Specifications

Symbol
DW
Pricing Basis
Free on Board points in the Par Region
Currency
Canadian dollars
Delivery Months
March, May, July, October, December
Deliverable Specifications
Contract deliverable grades shall be based on primary elevator grade standards as established by the Canadian Grain Commission (CGC).

(1) Non-commercially clean Canadian durum wheat with a minimum of 12.5% protein, a maximum of 2.0 ppm vomitoxin, and a maximum dockage of 1% (dockage deductable to CGC standards), all other specifications to meet No. 1 Canada Western Amber Durum Wheat at par; or

(2) Non-commercially clean Canadian durum wheat with a minimum of 12.5% protein, a maximum of 2.0 ppm vomitoxin, and a maximum dockage of 1% (dockage deductable to CGC standards), all other specifications to meet No. 2 Canada Western Amber Durum Wheat at a discount of $5.00 per net tonne.
Delivery Points
Par - Locations in Saskatchewan, West of Moose Jaw and south of Saskatoon, and at Saskatoon.
Southeast Saskatchewan - Locations in Saskatchewan, at and east of Moose Jaw, at a $6.00 per tonne premium.
Southern Alberta - Locations in Alberta, at Calgary and south of Calgary, and at Oyen, at a $6.00 per tonne discount.
Contract Size
1 contract = 100 tonnes
Trade Match Algorithm
First-in-First-out (FIFO).
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.
Minimum Price Flux
$0.10/tonne ($10.00 per contract)
Daily Price Limit
$20.00/tonne above or below previous settlement, expandable to $30 and then to $40. Daily Price Limits are not applied when there is no Open Interest in any futures contract month or options series.
Speculative Position Limit
200 contracts in delivery month
MIC Code
IFCA
Clearing Venue
ICCA

Trading Hours

CityTradingPre-Open
New York8:00 PM - 2:15 PM*
20:00 - 14:15
7:30 PM
19:30
London1:00 AM - 7:15 PM
01:00 - 19:15
12:30 AM
00:30
Singapore8:00 AM - 2:15 AM*
08:00 - 02:15
7:30 AM
07:30

*Next Day

Codes

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