Tokyo Grain Exchange Soybeans

From MarketsWiki

TGE Soybeans futures and futures options trade on the Tokyo Grain Exchange (TGE). They were launched on March 1, 1984 and June 3, 1991, respectively ^[1]^[2].

Each TGE Soybean futures contract represents 50,000 kilograms (50 metric tons) of standard or deliverable grade GMO, GMO mixed and GMO non-segregated yellow soybeans, which is defined in accordance with the Exchange rules, and its delivery date is set as between three business days following the last trading day and the last day of the delivery month (For December contract, the last delivery day is three business days prior to the last business day of December).

As of July 2008, each TGE Soybean futures contract is subject to a margin rate of 160,000 yen for the spot month and 120,000 yen for the other months.

In June 2008, TGE Soybean futures traded 76,845 contracts (-36.7 percent YOY) and its turnover amounted to 579.4 billion yen (-1.9 percent YOY).

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TGE Soybeans futures
Exchange	Tokyo Grain Exchange
Settlement	Physically delivered
Trade Unit	50,000 kilograms (50 metric tons)
Point Value	¥50 per contract
Tick Value	¥500 per contract
Contract Months	February, April, June, August, October, and December within a twelve-month period
Last Trading Day	Fifteenth calendar day of the delivery month; if that day is not a business day, then the last trading day is moved up to the nearest business day.
Note: This contract is electronic ONLY -- no open outcry
	No Open Outcry	Electronic
Trading Hours	N/A	10:00 a.m., 11:00 a.m., 1:00 p.m. and 2:00 p.m. 10:00 a.m. and 11:00 a.m. on the last trading day.
Ticker Symbol	N/A	N/A
Price Limits	N/A	Contracts of under ¥20,000 = ¥600 Contracts from ¥20,000 to ¥40,000 = ¥800 Contracts of ¥40,000 or more = ¥1,000 No price limits in the spot month from the 1st of the delivery month.

TGE Soybeans options
Trade Unit	One futures contract
Point Value	Need point value!
Tick Value	10 yen per 1,000 kilograms (500 yen per contract)
Option Months	February, April, June, August, October and December within a twelve-month period.
Strike Prices	1,000 yen per 1,000 kilograms intervals with one strike price at-the-money and minimum of three strike prices above and three below.
Option Expiration Day	The 15th calendar day of the month preceding the delivery month of the underlying futures contract. If not a business day, the last trading day is moved up to the nearest business day.
	No Open Outcry	Electronic
Trading Hours	N/A	Morning Session Opening Session 10:15 a.m. to 10:35 a.m. Continuous Session 10:35 a.m. to 11:30 a.m. Afternoon Session Opening Session 1:15 p.m. to 1:30 p.m. Continuous Session 1:30 p.m. to 2:15 p.m. Closing Session 2:15 p.m. to 2:25 p.m.
Ticker Symbol	N/A	N/A
Price Limits	N/A	Contracts of under ¥20,000 = ¥600 Contracts from ¥20,000 to ¥40,000 = ¥800 Contracts of ¥40,000 or more = ¥1,000 No price limits in the spot month from the 1st of the delivery month.