Difference between revisions of "Tokyo Grain Exchange Non-GMO Soybeans"

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TGE Non-GMO Soybean futures trade on the [[Tokyo Grain Exchange]] (TGE). They were launched on May 18, 2000<ref>{{cite web|url= http://www.tge.or.jp/english/contract/cont_s_gmo.shtml|org= Tokyo Grain Exchange |name= Non-GMO Soybean Futures Contract Specifications |date=July 9, 2008}}</ref>. 
Each TGE Non-GMO Soybean futures contract represents 10,000 kilograms (10 metric tons) of standard or deliverable grade identity preserved non-genetically modified organism (non-GMO) No. 2 yellow soybeans, which is defined in accordance with the Exchange rules, and its delivery date is set as one business day prior to the last business day of the delivery month (December 24th for December contract; if not a business day, the delivery day is moved up to the nearest business day). 
As of July 2008, each TGE Non-GMO Soybean futures contract is subject to a margin rate of 50,000 yen for the spot month and 45,000 yen for the other months. 
In June 2008, TGE Non-GMO Soybean futures traded 265,093 contracts (-75.9 percent YOY) and its turnover amounted to 506.5 billion yen (-57.3 percent YOY).
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{{Contract
{{Contract
|exch    = Tokyo Grain Exchange <!-- Exchange name or acronym-->
|exch    = Tokyo Grain Exchange <!-- Exchange name or acronym-->
|cname    = Non-GMO Soybeans <!-- Contract name, like Feeder Cattle, 100 oz Gold, S&P 500 Index -->
|cname    = TGE Non-GMO Soybeans <!-- Contract name, like Feeder Cattle, 100 oz Gold, S&P 500 Index -->
|commod  = Soybean <!-- Simple name of the commodity, e.g. Cattle, Gold, Stock Market Index -->
|commod  = Soybean <!-- Simple name of the commodity, e.g. Cattle, Gold, Stock Market Index -->
|ctype    = Agricultural <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
|ctype    = Agricultural <!-- Type of commodity, e.g. Agricultural, Financial, Weather, Emissions -->
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|ltd      = Two business days prior to the delivery day. <!-- Rules for determining Last Trading Day -->
|ltd      = Two business days prior to the delivery day. <!-- Rules for determining Last Trading Day -->
|unit    = 10,000 kilograms (10 metric tons) <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
|unit    = 10,000 kilograms (10 metric tons) <!-- Unit of commodity in contract, e.g. 50,000 pounds -->
|ptdesc  =  <!-- Description of one contract point, e.g. 0.0001 cents per pound -->
|ptdesc  =  Yen per 1,000 kilograms<!-- Description of one contract point, e.g. 0.0001 cents per pound -->
|ptval    =  <!-- Dollar (or other currency) value of a single contract point -->
|ptval    =  ¥10 per contract<!-- Dollar (or other currency) value of a single contract point -->
|tickPt  = ¥100 per contract <!-- Number of points per trading tick, eg 2.5 -->
|tickPt  = ¥10 per 1,000 kilograms <!-- Number of points per trading tick, eg 2.5 -->
|tickVal  = ¥10 per 1,000 kilograms <!-- Dollar (or other currency) amount of trading tick -->
|tickVal  = ¥100 per contract <!-- Dollar (or other currency) amount of trading tick -->
|elect    = Y <!-- Y if an electronic trading session exists; leave blank if none -->
|elect    = Y <!-- Y if an electronic trading session exists; leave blank if none -->
|elHours  = 9:00 a.m., 10:00 a.m., 2:00 p.m. and 3:00 p.m.
|elHours  = 9:00 a.m., 10:00 a.m., 2:00 p.m. and 3:00 p.m.
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}}
}}
== Notes ==
== Notes ==
== Resources ==
[http://www.tge.or.jp/english/contract/cont_s_gmo.shtml Tokyo Grain Exchange Non-GMO Soybean Futures Contract Specifications]
== References ==
<references />

Latest revision as of 10:58, 6 February 2012


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TGE Non-GMO Soybean futures trade on the Tokyo Grain Exchange (TGE). They were launched on May 18, 2000[1].

Each TGE Non-GMO Soybean futures contract represents 10,000 kilograms (10 metric tons) of standard or deliverable grade identity preserved non-genetically modified organism (non-GMO) No. 2 yellow soybeans, which is defined in accordance with the Exchange rules, and its delivery date is set as one business day prior to the last business day of the delivery month (December 24th for December contract; if not a business day, the delivery day is moved up to the nearest business day).

As of July 2008, each TGE Non-GMO Soybean futures contract is subject to a margin rate of 50,000 yen for the spot month and 45,000 yen for the other months.

In June 2008, TGE Non-GMO Soybean futures traded 265,093 contracts (-75.9 percent YOY) and its turnover amounted to 506.5 billion yen (-57.3 percent YOY).



TGE Non-GMO Soybeans futures
Exchange Tokyo Grain Exchange
Settlement Physically delivered
Contract Size 10,000 kilograms (10 metric tons)
Pricing Unit ¥10 per contract
Tick Value ¥100 per contract
Contract Months February, April, June, August, October, and December within a twelve-month period
Last Trading Day Two business days prior to the delivery day.
Note: This contract is electronic ONLY -- no open outcry
  No Open Outcry Electronic
Trading Hours N/A 9:00 a.m., 10:00 a.m., 2:00 p.m. and 3:00 p.m.
  • 9:00 a.m. and 10:00 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 15th of the delivery month.

Notes[edit]

Resources[edit]

Tokyo Grain Exchange Non-GMO Soybean Futures Contract Specifications

References[edit]