The ICE Western Barley contract is traded through ICE's futures subsidiary ICE Futures Canada, which began as the Winnipeg Commodity Exchange established in 1887. ICE Western Barley futures and options trade by electronic trading.
Barley is used for food, fuel and feed. It's the most important crop for feeding livestock. Barley is also used as food for people, and it's used in beverage making and in industrial applications.
Barley was one of the first cereal crops to be domesticated. Archaeologists have found evidence in the Middle East that it was a staple food as long ago as 5,000 BC or earlier. Today it is the world’s most important crop for feeding livestock. Barley is also used as food for people, and it's used in beverage making and in industrial applications.
The ICE Western Barley contract uses non-commercially clean Canadian barley. Canada is one of the largest barley producers in the world, with about 11 million tonnes produced annually. There are more than 50 different varieties of barley grown in Western Canada.
ICE offers data quotes on a subscription basis.
|Western Barley futures|
|Contract Size||20 tonnes of any one deliverable grade|
|Pricing Unit||Need pricing unit!|
|Tick Value||0.10 CAD/tonne (2.00 CAD /contract)|
|Contract Months||Mar, May, Jul, Oct, Dec. 11 consecutive contract month delivery cycle. Options available on the first 6 futures contract months except when in delivery.|
|Last Trading Day||On the business day prior to the 15th calendar day of the contract month. Expiration time on LTD is same as regular.|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||Pre-open 6:30 pm CT, Open 7:00 pm to 1:15 pm CT Settlement:1:14 p.m. Close:1:15 p.m. All times in Central Time (CT)|
|Price Limits||N/A||Reasonability Limit (Dynamic Price Limits):80 ticks (8.00 CAD)/ Daily Price Limit is 300 ticks (30.00 CAD).|
- Intercontinental Exchange Announces Successful Transition of WCE Products to ICE Trading Platform. WSJ.com.
- Western Barley Growers Association News And Views. WBGA.
- About Barley. Alberta Barley Commission.
- The most valuable commodity is information. ICE.