- Trading Screen Product Name
- UK Feed Wheat Future
- Trading Screen Hub Name
- ICEU
- Contract Symbol
T
- Contract Size
One hundred Tonnes
- Price Quotation
Pounds and pence per metric tonne
- Contract Series
January, March, May, July, November such that ten delivery months
are available for trading
Please note that in the case of Feed Wheat Futures and Options
contracts, when a July delivery/expiry month expires, this will be
replaced by a new November delivery/expiry month and when a
November delivery/expiry month expires, this will be replaced by a
new July delivery/expiry month.
- Minimum Price Fluctuation
5 pence per tonne (£5)
- Settlement
Physical Delivery
- Delivery Locations
Delivered free to buyer’s lorry in bulk, from a registered
store in mainland Great Britain
- Grade/Standards/Quality
i) Sound and sweet, in good condition, and to contain not more than
3% heat damage
ii) Natural weight to be not less than 72.5kg per hectolitre
iii) Moisture content not to exceed 15%
iv) Admixture
v) Seeds and/or total admixture of farinaceous grain (including
wild oats) and dirt not to exceed 2%, of which the dirt content not
to exceed 1%.
vi) Ergot or garlic not to exceed 0.001%
vii) Sprouted wheat not to exceed 6%
viii) Mycotoxins not to exceed the maximum levels specified under
any current UK legislation in force
- Daily Price Limit
None
- Deliverable Origins
UK or EU origin
- First Notice Day
Except in respect of January delivery, any day from the seventh
calendar day (if not a business day, then the next business day)
preceding the first business day of the delivery month, up to the
Last Trading Day of the delivery month inclusive. For January
delivery, earliest tender day shall be the second business day
after Christmas Day
- Last Trading Day
Twenty third calendar day of delivery month (in the case of July
delivery months, the seventh calendar day) at 12:30 (if not a
business day then the first business day immediately preceding)
- Delivery Limits
Delivery limits for IFEU Softs can be found
here.
- MIC Code
- IFLX
- Clearing Venues
- ICEU