Commodity Futures - Rapeseed
| RAPESEED FUTURES | |
| Contract code | ECO |
| Unit of trading | Fifty tonnes |
| Pricing unit/quotation (= price basis) | Euro and euro cents per tonne |
| Origins tenderable | Any origin |
| Quality | Conventional rapeseed of double zero variety, of sound, fair and merchantable quality and of the following standard quality: - Oil content basis 40% - Moisture basis 9% - Impurities basis 2% The quality of the deliverable merchandise is defined as follows: - moisture content maximum 10% - impurities content maximum 3% - oleic acidity maximum 2% - erucic acid content maximum 2% - glucosinolates content maximum 25 micromoles Premiums and discounts apply and correspond to the difference between the delivered and standard quality. |
| Minimum price movement (tick size and value) | 25 euro cents per tonne (€12.50) |
| Delivery months | February, May, August, November such that ten delivery months are available for trading. |
| Introduction of new expiry months | The opening of a new contract will occur on the date set by the Exchange, in principle, on the first trading day following the expiration of a contract, in accordance with the schedule established by the Exchange. |
| Wholesale services | Against Actuals, Exchange for Swaps |
| Euronext market | Paris |
| Last trading day | 18:30 on the last business day of the calendar month immediately preceding the delivery month. |
| Settlement (Delivery) | FOB barge at one of the following designated ports: Belleville, Metz and Frouard (France) on the Moselle; Bulstringen, Vahldorf and Magdeburg (Germany) on the Mittellandkanal; Wurzburg (Germany) on the Main; and Ghent (Belgium) on the Escaut. |
| Delivery period | The specified delivery month. |
| Exchange Delivery Settlement Price (EDSP) (methodo price) | EDSP as a physically delivered contract (please refer to the technical specifications) |
| Clearing organization | LCH SA (Euronext Clearing per 22 July 2024) |
| Delivery limits | Delivery limits are set by LCH SA and are published 80 days before the last trading day and are applicable for 12 days before the last trading day of the delivery month. Please refer to the LCH SA notices on the website. |
| Trading hours | 10:45 – 18:30 CET |
| Trading platform | Optiq |
| Algorithm | Central order book applies a price-time trading algorithm, with priority given to the first order at the best price. |
| Last update | 22 MAY 2024 |
| Related documentation | |
| Related documentation |