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FEED WHEAT FUTURES
 


Codes and classification
Mnemo T Market NYSE Liffe London Vol. 152 19/11/09
    Currency £ O.I. 9,986
 Feed Wheat Futures
Unit of trading One hundred tonnes
Origins tenderable EU
Quality Sound and sweet and in good condition and to contain not more than 3% heat damage. Natural weight to be not less than 72.5kg per hectolitre. Moisture content not to exceed 15%. Admixture:
  1. seeds and/or total admixture of farinaceous grain (including wild oats) and dirt not to exceed 2% of which the dirt content not to exceed 1%;
  2. ergot or garlic not to exceed 0.001%; and
  3. sprouted wheat not to exceed 8%.
    4. All the above tests to be applied on weight basis
Delivery months January, March, May, July, November, such that ten delivery months are available for trading
Price basis Pounds sterling and pence per tonne, free delivered to buyer’s lorry in bulk, from a registered store in mainland Great Britain.
Minimum price movement
(tick size and value)		 5 pence per tonne (£5)
Last trading day 23rd calendar day of delivery month (in the case of July delivery months, the 7th calendar day) at 12:30 (if not a business day then the first business day immediately preceding)
Tender period Except in respect of January delivery, any business day from the seventh calendar day (if not a business day, then the next business day following) preceding the first business day of the delivery month, up to the last trading day of the delivery month inclusive. For January delivery, earliest tender day shall be the second business day after Christmas Day
Trading hours 09:25 - 17:28
Related documentation
Wheat Futures Contract (No. 405)
Grainstorekeeper Procedures in respect of Wheat Futures Contracts (15/10/04)
Last update 22/05/09

Euronext.liffe market: London

Trading Platform:

  • LIFFE CONNECT® Trading Host for Futures and Options
  • Algorithm: Central order book applies a pro-rata algorithm, but with priority given to the first order at the best price subject to a minimum order volume and limited to a maximum volume cap.
  • Wholesale Services: Against Actuals

Contract Standard: Delivery may be made of Wheat meeting the contract requirements. Please refer to the attached full contract specification.

Clearing: LCH.Clearnet Ltd.

Unless otherwise indicated, all times are London times.