| Date Trading Began |
April 20, 1992 |
| Contract Unit |
50,000 kilograms (50 metric tons) |
| Trading Hours |
(Continuous Trading)
Day Session (8:30 〜 ) 9:00 〜 15:30
Night Session (16:45 〜 ) 17:00 〜 23:00
The time in the parenthesis is when orders are accepted.
* 〜 15:30 on the last trading day of the spot month. |
| Contract Month |
January, March, May, July, September and November within a twelve-month period |
| Price Quotation |
Yen per 1,000 kilograms |
| Minimum Fluctuation |
10 yen per 1,000 kilograms (500 yen per contract) |
| Position Limits |
Maximum long or short positions for each contract month:
|
Members |
Non-Members |
Managed Funds |
Omnibus
Accounts |
| Spot month |
600 |
600 |
600 |
600 |
| 1 month prior to nearby month |
1,200 |
1,200 |
1,200 |
1,200 |
| 2nd month |
3,000 |
3,000 |
3,000 |
3,000 |
| 3rd month |
6,000 |
6,000 |
6,000 |
12,000 |
| 4th and onward months |
6,000 |
6,000 |
12,000 |
18,000 |
|
* Non-domestic customers who trade through omnibus accounts should contact their FMC for position limits. |
| Last Trading Day |
15th calendar day of the month preceding the delivery month; if not a business day, the last trading day is moved up to the nearest business day. |
| First Delivery Day |
1st calendar day of the delivery month |
| Last Delivery Day |
The last day of the delivery month |
| Delivery System |
Physical delivery against delivery documents (CIF Japan) |
| Standard Grade |
No. 3 yellow corn produced in the U.S.A. (less than 15% moisture) |
| Deliverable Grades |
No. 2 or better yellow corn produced in the U.S.A. (less than 15% moisture). |
| Delivery Points |
The berths of Kashima, Chiba, Kawasaki and Yokohama ports. |
|
