Tokyo Grain Exchange Non-GMO Soybeans

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

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.

Resources

Tokyo Grain Exchange Non-GMO Soybean Futures Contract Specifications