ICE UK Feed Wheat

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UK Feed Wheat Futures
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.[1]
MIC Code IFLX
Clearing Venues ICEU
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 4:25 AM - 12:28 PM

04:25 - 12:28

1:03 AM

01:03

LONDON 9:25 AM - 5:28 PM

09:25 - 17:28

6:03 AM

06:03

SINGAPORE 5:25 PM - 1:28 AM

17:25 - 01:28

2:03 PM

14:03

Codes Clearing Admin Name Feed Wheat
Physical T
Logical T
GMI (FC) LW
ION A.C.N. None
UK Feed Wheat Options
Trading Screen Product Name UK Feed Wheat Future
Trading Screen Hub Name ICEU
Contract Symbol T
Contract Size One UK Feed Wheat futures contract
Price Quotation £ and pence per tonne
Contract Series January, March, May, July, November, such that ten expiry months are available for trading, subject to the option expiring before the underlying future

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)
Exercise American Style
Daily Price Limit None
Strike Price Intervals £1 per tonne
Expiration Date 17:28 on the second Thursday of the calendar month immediately preceding the expiry month
MIC Code IFLX
Clearing Venues ICEU
Trading Hours CITY TRADING PRE-OPEN
NEW YORK 4:25 AM - 12:28 PM

04:25 - 12:28

None
LONDON 9:25 AM - 5:28 PM

09:25 - 17:28

None
SINGAPORE 5:25 PM - 1:28 AM

17:25 - 01:28

None
Codes Clearing Admin Name Feed Wheat
Physical T
Logical T
GMI (FC) LW
ION A.C.N. None

Notes

References

  1. IFEU Softs Delivery Limits. {{{org}}}.

Resources

ICE UK Feed Wheat Product Spec