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.
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.
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.
ICE offers data quotes on a subscription basis.
- Intercontinental Exchange Announces Successful Transition of WCE Products to ICE Trading Platform. WSJ.com.
- Canola Uses. Northern Canola Growers Association.
- The most valuable commodity is information. ICE.
|Canola Oil futures|
|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|
|Price Limits||N/A||Reasonability Limit (Dynamic Price Limits):80 ticks (8.00 CAD)/ Daily Price Limit is 300 ticks (30.00 CAD).|