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Commodity Futures - Corn

Contract codeEMA
Unit of tradingFifty tonnes
Pricing unit/quotation (= price basis)Euro and euro cents per tonne
Origins tenderableEuropean Union
QualityYellow and/or red corn, of sound, fair and merchantable quality of the following standard:
- Moisture content: 15%, maximum 15.5%
- Broken grains: 5%, maximum 8%
- Total impurities: 3.5%, maximum 7%
Minimum price movement (tick size and value)25 euro cents per tonne (€12.50)
Delivery monthsMarch, June, August and November such that ten delivery months are available for trading. 
Introduction of new expiry monthsThe 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 servicesAgainst Actuals, Exchange for Swaps
Euronext marketParis
Last trading day18:30 on the fifth calendar day of the delivery month (if not a business day, then the following business day.
Settlement (Delivery)in an approved silo in Bayonne (silo Maisica), Blaye (silo In Vivo), Bordeaux (silos d’Aquitaine In Vivo, Splb/Sobtran), La Rochelle Pallice (silos Sica Atlantique, Socomac), Nantes (silos In Vivo), and  from November 2019 additional delivery points in Dunkirk (Sica Nord Céréales) and Ghent (Euro-Silo).
Delivery periodAny business day from the last trading day to the end of the specified delivery month.
Exchange Delivery Settlement Price (EDSP) (methodo price)EDSP as a physically delivered contract (please refer to the technical specifications)
Clearing organizationEuronext Clearing
Delivery limitsDelivery limits are set by Euronext Clearing 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 Euronext Clearing notices on the website.
Trading hours10:45 – 18:30 CET
Trading platformOptiq
AlgorithmCentral order book applies a price-time trading algorithm, with priority given to the first order at the best price.
Last update15 JUL 2024