QUOTE AND NEWS
DailyFinance  Feb 14  Comment 
IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures Canada reached a daily volume record of 71,536 contracts in canola futures on February...
Mondo Visione  Dec 5  Comment 
IntercontinentalExchange Group (NYSE: ICE), the leading global network of exchanges and clearing houses, announced today that ICE Futures Canada reached a daily volume record of 51,805 contracts in Canola futures on December 4, 2013. The...
Canadian Business  May 3  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $3.20 lower $562.80; July ’11 $5.30 lower $563.70; Nov. '11 $4.70 lower $560.50;
Canadian Business  May 2  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $5.00 higher $566.50; July ’11 $1.60 higher $569.00; Nov. '11 $1.60 higher
Canadian Business  Apr 29  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $8.70 higher $561.00; July ’11 $5.60 higher $567.40; Nov. '11 $4.50 higher
Canadian Business  Apr 28  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $15.50 lower $552.30; July ’11 $15.40 lower $561.80; Nov. '11 $16.50 lower




 
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Canola futures are traded on the Winnipeg Commodity Exchange under ticker symbol RS in Canadian dollars per tonne.[1]

The chart at left shows front-month canola futures prices on the Winnipeg Commodity Exchange (WPG) in Canadian dollars per tonne.

Delivery Dates

Canola futures are delivered every year in January, March, May, July, and November.[1]

The following is a table with Canola futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
January, 2009RSF9RS/F9-WC
March, 2009RSH9RS/H9-WC
May, 2009RSK9RS/K9-WC
July, 2009RSN9RS/N9-WC
November, 2009RSX9RS/X9-WC


Contract Specifications

Contract Size

One Canola futures contract on the Winnipeg Commodity Exchange is 20 tonnes.[1]

Tick Value

$0.10/tonne ($2.00/contract).[1]

Daily Price Limit

$45.00/tonne above or below previous settlement.[1]

Trading Hours

  • On the CME Globex electronic platform: 9:00 PM until 2:15 PM, New York Time.[1]

Last Trading Day

Trading Day preceding the fifteenth calendar day of the delivery month.[1]

Deliverable Grades

Contract deliverable grades shall be based on primary elevator grade standards as established by the Canadian Grain Commission (CGC). Non-commercially clean Canadian canola with maximum dockage of 8%; all other specifications to meet No. 1 Canada canola at par; or Deliverable at $5.00/net tonne premium: commercially clean No. 1 Canada canola; or Deliverable at $8.00/net tonne discount: commercially clean No. 2 Canada canola; or Deliverable at $13.00/net tonne discount: non-commercially clean Canadian canola, with maximum dockage of 8%; all other specifications to meet No. 2 Canada canola. Varieties derived from GMOs are deliverable.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 The Winnipeg Commodity Exchange's contract specification for CANOLA futures
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