Sound, fair and merchantable quality of the following standard:
Specific weight 76 kg/hl
Moisture 15%
Broken grains 4%
Sprouted grains 2%
Impurities 2%
Premiums and discounts to reflect the difference between the delivered and the standard quality apply in accordance with Incograin Contract No.23 and the Technical Addendum No.2
Delivery months
January, March, May, August, November such that eight delivery months are available for trading
Price basis
Euros and Euro cents per tonne, in an approved public silo in Rouen, France
Minimum price movement (tick size and value)
25 Euro cents per tonne
(€12.50)
Last trading day
18.30 on the tenth calendar day of the delivery month (if not a business day, then the following business day)
Notice day/Tender day
The first business day following the last trading day
Tender period
Any business day from the last trading day to the end of the specified delivery
month
Trading hours
10.45 - 18.30
Related documentation
Milling Wheat Futures
Last update
01/01/08
Trading Platform:
LIFFE CONNECT®
Algorithm: Central order book applies a priority price-time trading algorithm.
Wholesale trading facilities: Against Actuals.
Contract Standard: Delivery may be made of Milling Wheat meeting the contract requirements.
