Difference between revisions of "ICE Canola"

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m (Text replace - "biodiesel" to "biodiesel")
 
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|unit    = 20 tonnes of any one deliverable grade  <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
 
|unit    = 20 tonnes of any one deliverable grade  <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
 
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
|ptval    = <!-- Dollar (or other currency) value of a single contract point -->
+
|ptval    = Canadian Dollars <!-- Dollar (or other currency) value of a single contract point -->
 
|tickPt  =  <!-- Number of points per trading tick, eg 2.5 -->
 
|tickPt  =  <!-- Number of points per trading tick, eg 2.5 -->
 
|tickVal  = 0.10 CAD/tonne (2.00 CAD /contract)  <!-- Dollar (or other currency) amount of trading tick -->
 
|tickVal  = 0.10 CAD/tonne (2.00 CAD /contract)  <!-- Dollar (or other currency) amount of trading tick -->
 
|elect    = Y <!-- Y if an electronic trading session exists; leave blank if none -->
 
|elect    = Y <!-- Y if an electronic trading session exists; leave blank if none -->
|elHours  = Pre-open:7 p.m. Open:8 p.m. Pre-close: 1 p.m. Settlement:1:14 p.m. Close:1:15 p.m. All times in Central Time (CT) <!-- Electronic trading hours; leave blank if none -->
+
|elHours  = New York: Trading-8:00 PM - 2:20 PM (Next Day), 20:00 - 14:20. Pre-Open-7:30 PM-19:30 <!-- Electronic trading hours; leave blank if none -->
 
|elLimit  = Reasonability Limit (Dynamic Price Limits):80 ticks (8.00 CAD)/ Daily Price Limit is 300 ticks (30.00 CAD).  <!-- Price limits on electronic trading session; leave blank if none -->
 
|elLimit  = Reasonability Limit (Dynamic Price Limits):80 ticks (8.00 CAD)/ Daily Price Limit is 300 ticks (30.00 CAD).  <!-- Price limits on electronic trading session; leave blank if none -->
 
|elSym    = RS <!-- Ticker symbol for electronic platform; leave blank if none -->
 
|elSym    = RS <!-- Ticker symbol for electronic platform; leave blank if none -->

Latest revision as of 16:36, 28 June 2018

ICE wiki logo.jpg

The ICE Canola contract is traded through ICE Futures Canada, the subsidiary of the Intercontinental Exchange formerly known as the Winnipeg Commodity Exchange (WCE). The canola futures and options are traded electronically.

ICE's futures and options on futures contracts for ICE Western Barley, ICE Canola and ICE Feed Wheat transitioned from the WCE trading platform to the ICE Trading Platform on December 10, 2007.[1]

Background

Canola is a genetic variation of rapeseed, developed by Canadian plant breeders for its nutritional qualities, particularly the low level of saturated fat. Canola is used to make cooking oil and biodiesel, a renewable fuel[2].

Canola is grown primarily in regions of Western Canada, with some acreage being planted in Ontario, the Pacific Northwest and north central US. Canola is also grown in other regions including Europe and Australia.

Data Quotes

ICE offers data quotes on a subscription basis.[3]

References

  1. Intercontinental Exchange Announces Successful Transition of WCE Products to ICE Trading Platform. WSJ.com.
  2. Canola Uses. Northern Canola Growers Association.
  3. The most valuable commodity is information. ICE.


Canola Oil futures
Exchange ICE
Settlement Physically delivered
Contract Size 20 tonnes of any one deliverable grade
Pricing Unit Canadian Dollars
Tick Value 0.10 CAD/tonne (2.00 CAD /contract)
Contract Months Contract Month Listing Mar, May, Jul, Oct, Dec. 11 consecutive contract month delivery cycle. Options available on the first 6 futures contract months except when in delivery.
Last Trading Day On the business day prior to the 15th calendar day of the contract month. Expiration time on LTD is same as regular.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A New York: Trading-8:00 PM - 2:20 PM (Next Day), 20:00 - 14:20. Pre-Open-7:30 PM-19:30
Ticker Symbol N/A RS
Price Limits N/A Reasonability Limit (Dynamic Price Limits):80 ticks (8.00 CAD)/ Daily Price Limit is 300 ticks (30.00 CAD).

Notes