Difference between revisions of "ICE Feed Wheat"

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m (Text replace - "IntercontinentalExchange" to "Intercontinental Exchange")
 
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|ctype    =  Agricultural <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
 
|ctype    =  Agricultural <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
 
|cash    =  <!-- Y if the contract is cash-settled; leave blank if not -->
 
|cash    =  <!-- Y if the contract is cash-settled; leave blank if not -->
|months  = Mar, May, Jul, Oct, Dec in 11 consecutive contract month delivery cycle. Options available on the first 6 futures contract months except when in delivery. <!-- Contract months traded -->
+
|months  = anuary, 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. <!-- Contract months traded -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
 
|fnd      =  <!-- Rules for determining First Notice Date, or blank if none -->
|ltd      = On the business day prior to the 15th calendar day of the contract month. Expiration time on LTD is same as regular.  <!-- Rules for determining Last Trading Day -->
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|ltd      = 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) <!-- Rules for determining Last Trading Day -->
 
|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    =  <!-- 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 -->
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|tickVal  = 5 pence per tonne (£5)  <!-- 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 -->
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|elHours  = New York: 4:25 AM - 12:28 PM, 04:25 - 12:28 <!-- Electronic trading hours; leave blank if none -->
 
|elLimit  = Limits Reasonability Limit (Dynamic Price Limits): 50 ticks (5.00 CAD)/ Daily Price Limit is 100 ticks (10.00 CAD).    <!-- Price limits on electronic trading session; leave blank if none -->
 
|elLimit  = Limits Reasonability Limit (Dynamic Price Limits): 50 ticks (5.00 CAD)/ Daily Price Limit is 100 ticks (10.00 CAD).    <!-- Price limits on electronic trading session; leave blank if none -->
 
|elSym    = WW <!-- Ticker symbol for electronic platform; leave blank if none -->
 
|elSym    = WW <!-- Ticker symbol for electronic platform; leave blank if none -->

Latest revision as of 11:44, 29 June 2018

ICE wiki logo.jpg

The ICE Feed Wheat contract is an electronically traded agricultural product with physical delivery. 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 Dec. 10, 2007.[1]

Uses

There are two sources of feed wheat. A cultivar can be licensed as a feed grain or feed grain can arise as a result of down grading. With regard to other classes of wheat, feed wheat arises when the percentage of other classes or non-registered varieties exceeds the tolerance specified for the lowest scheduled grade.[2]

Data Quotes

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


Feed Wheat futures
Exchange ICE
Settlement Physically delivered
Contract Size 20 tonnes of any one deliverable grade
Pricing Unit Need pricing unit!
Tick Value 5 pence per tonne (£5)
Contract Months anuary, 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.

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)
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A New York: 4:25 AM - 12:28 PM, 04:25 - 12:28
Ticker Symbol N/A WW
Price Limits N/A Limits Reasonability Limit (Dynamic Price Limits): 50 ticks (5.00 CAD)/ Daily Price Limit is 100 ticks (10.00 CAD).

References

  1. Intercontinental Exchange Announces Successful Transition of WCE Products to ICE Trading Platform. WSJ.com.
  2. Wheat Utilization. Alberta Agriculture and Food.
  3. The most valuable commodity is information. ICE.