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Canola Futures

QUOTE AND NEWS
ICE Futures Canada: Canola futures prices lower, barley unchanged
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;
ICE Futures Canada: Canola futures prices higher, barley unchanged
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
ICE Futures Canada: Canola futures prices higher, barley unchanged
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
ICE Futures Canada: Canola futures prices lower, barley unchanged
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
ICE Futures Canada: Canola futures prices mixed, barley unchanged
Canadian Business  Apr 27  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $1.60 higher $567.80; July ’11 $0.70 higher $577.20; Nov. '11 $2.40 lower $575.60;
ICE Futures Canada: Canola futures prices lower, barley unchanged
Canadian Business  Apr 26  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $9.70 lower $566.20; July ’11 $9.50 lower $576.50; Nov. '11 $9.90 lower $578.00;
ICE Futures Canada: Canola futures prices lower, barley unchanged
Canadian Business  Apr 25  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $2.60 lower $575.90; July ’11 $2.20 lower $586.00; Nov. '11 $0.40 lower $587.90;
ICE Futures Canada: Canola futures prices higher, barley unchanged
Canadian Business  Apr 21  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $4.50 higher $578.50; July ’11 $4.40 higher $588.20; Nov. '11 $5.50 higher
ICE Futures Canada: Canola futures prices higher, barley unchanged
Canadian Business  Apr 20  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $3.60 higher $574.00; July ’11 $4.50 higher $583.80; Nov. '11 $4.50 higher
ICE Futures Canada: Canola futures prices lower, barley unchanged
Canadian Business  Apr 19  Comment 
WINNIPEG - Closing prices:Canola: May ’11 $3.50 lower $570.40; July ’11 $3.50 lower $579.30; Nov. '11 $3.50 lower $578.30;




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 This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.
 
TOP CONTRIBUTORS
Sr. Director
Marcus Tan


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]

Contents

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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