MILLING WHEAT NO.2 FUTURES
Contract codeEBM
Unit of tradingFifty tonnes
Pricing unit/quotation (= price basis)Euro and euro cents per tonne
Origins tenderableEuropean Union
Quality

Sound, fair and merchantable quality of;

- the following minimum specifications:

  • Hagberg falling number: 220 seconds
  • Protein content: 11% dry matter
  • Specific weight: 76 kg/hl and

- the following basis specifications:

  • Moisture content: 15%
  • Broken grains: 4%
  • Impurities: 2%

Discounts apply to reflect any difference between the delivered and standard quality, in accordance with Incograin No.23 and the Technical Addendum No.2. Please also refer to the rules and regulation below for more details.
Mycotoxins not to exceed, at the time of delivery, the maximum levels specified under EU legislation in force with respect to unprocessed cereals intended for use in food products.

Minimum price movement (tick size and value)25 euro cents per tonne (€12.50)
Delivery monthsSeptember, December, March, May such that 12 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 tenth calendar day of the delivery month (if not a business day, then the following business day)
Settlement (Delivery)In an approved silo in Dunkirk, La Pallice, Montoir, Nantes or Rouen  (France) 
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 organizationLCH SA
(Euronext Clearing per 15 July 2024)
Delivery limitsDelivery 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 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 update22 MAY 2024