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|This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract.|
Canola futures are delivered every year in January, March, May, July, and November.
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|
One Canola futures contract on the Winnipeg Commodity Exchange is 20 tonnes.
$45.00/tonne above or below previous settlement.
Trading Day preceding the fifteenth calendar day of the delivery month.
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.