Loading... Please wait.

Commodity Futures - Rapeseed

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 First trading day following the last trading day.
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
Delivery limits Delivery limits are set by LCH S.A. 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 S.A. 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 28 May 2019

Commodities Reporting Contract

Aggregated positions per contract and category. More