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Corn Futures

Unit of trading

Fifty tonnes

Origins tenderable

European Union

Quality

Yellow and/or red corn, of sound, fair and merchantable quality of the following standard: Moisture basis 15%, maximum 15.5% Broken grain basis 4%, maximum 10% Sprouted grain basis 2.5%, maximum 6% Grain admixture basis 4%, maximum 5% Other impurities basis 1%, maximum 3% The combined element of broken grain, sprouted grain, admixture grain and other impurities must not exceed 12% Discounts and additional requirements apply in conformity with Incograin contract n° 23 and Technical Addendum n°5 “Mycotoxins not to exceed, at the time of delivery, the maximum levels specified under EU legislation in force with respect unprocessed cereals intended for use in feed products.” The underlying is said to be conventional corn, which is defined as a product containing no genetically modified organisms, or containing genetically modified organisms whose presence is adventitious or technically unavoidable, in accordance with requirements in force under EU Regulations (1) (1)EC regulation n° 1829/2003 of the European Parliament and the Council of the 22 September 2003 on genetically modified food and feed (OJEU 18-10-2003).

Delivery months

November, January, March, June and August such that seven delivery months are available for trading

Price basis

Euros and Euro cents per tonne, in an approved public silo in : Bayonne : silo MAÏSICA - Blaye : silo SEMABLA - Bordeaux : silos d’AQUITAINE INVIVO, SPLB/SOBtran - La Rochelle Pallice : silos SICA ATLANTIQUE, SOCOMAC - Nantes : silo SONASTOCK.

Quotation

Euros and Euro cents per tonne

Minimum price movement
(tick size and value)

25 Euro cents per metric tonne (12.50€)

Last trading day

18.30 on the fifth calendar day of the delivery month. If not a business day, then the first 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

Delivery period

Any business day from the last trading day to the end of the specified delivery month

Trading hours

10.45 - 18.30

Information:

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