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Commodity Futures - Rapeseed

 RAPESEED FUTURES
Contract codeECO
Unit of tradingFifty tonnes
Pricing unit/quotation (= price basis)Euro and euro cents per tonne
Origins tenderableAny origin
QualityConventional 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 monthsFebruary, May, August, 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 services
Against Actuals, Exchange for Swaps
Euronext marketParis
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 periodThe 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

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