| CORN FUTURES | |
| Contract code | EMA |
| Unit of trading | Fifty tonnes |
| Pricing unit/quotation (= price basis) | Euro and euro cents per tonne |
| Origins tenderable | European Union |
| Quality | Yellow 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 months | March, June, August and 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 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 period | Any business day from the last trading day to the end of the specified delivery month. |
| Daily Settlement Price | For the method to calculate the Daily Settlement Prices (DSPs) please check https://live.euronext.com/en/products/commodities/dsp. |
| Exchange Delivery Settlement Price (EDSP) | EDSP as a physically delivered contract (please refer to the technical specifications) |
| Clearing organization | Euronext Clearing |
| Delivery limits | Delivery 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 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 | 15 JUL 2024 |
| Related documentation | |
| Related documentation | |
| Related documentation |