ICE UK Feed Wheat

UK Feed Wheat Futures 	UK Feed Wheat Futures 	UK Feed Wheat Futures 	UK Feed Wheat Futures
Trading Screen Product Name	UK Feed Wheat Future 	UK Feed Wheat Future 	UK Feed Wheat Future
Trading Screen Hub Name 	ICEU 	ICEU 	ICEU
Contract Symbol 	T 	T 	T
Contract Size 	One hundred Tonnes 	One hundred Tonnes 	One hundred Tonnes
Price Quotation 	Pounds and pence per metric tonne 	Pounds and pence per metric tonne 	Pounds and pence per metric tonne
Contract Series 	January, March, May, July, November such that ten delivery months are available for trading
Please note that in the case of Feed Wheat Futures and Options contracts, when a July delivery/expiry month expires, this will be replaced by a new November delivery/expiry month and when a November delivery/expiry month expires, this will be replaced by a new July delivery/expiry month.	January, March, May, July, November such that ten delivery months are available for trading
Please note that in the case of Feed Wheat Futures and Options contracts, when a July delivery/expiry month expires, this will be replaced by a new November delivery/expiry month and when a November delivery/expiry month expires, this will be replaced by a new July delivery/expiry month.	January, March, May, July, November such that ten delivery months are available for trading
Please note that in the case of Feed Wheat Futures and Options contracts, when a July delivery/expiry month expires, this will be replaced by a new November delivery/expiry month and when a November delivery/expiry month expires, this will be replaced by a new July delivery/expiry month.
Minimum Price Fluctuation 	5 pence per tonne (£5) 	5 pence per tonne (£5) 	5 pence per tonne (£5)
Settlement 	Physical Delivery 	Physical Delivery 	Physical Delivery
Delivery Locations 	Delivered free to buyer’s lorry in bulk, from a registered store in mainland Great Britain 	Delivered free to buyer’s lorry in bulk, from a registered store in mainland Great Britain 	Delivered free to buyer’s lorry in bulk, from a registered store in mainland Great Britain
Grade/Standards/Quality 	i) Sound and sweet, in good condition, and to contain not more than 3% heat damage
ii) Natural weight to be not less than 72.5kg per hectolitre
iii) Moisture content not to exceed 15%
iv) Admixture
v) Seeds and/or total admixture of farinaceous grain (including wild oats) and dirt not to exceed 2%, of which the dirt content not to exceed 1%.
vi) Ergot or garlic not to exceed 0.001%
vii) Sprouted wheat not to exceed 6%
viii) Mycotoxins not to exceed the maximum levels specified under any current UK legislation in force	i) Sound and sweet, in good condition, and to contain not more than 3% heat damage
ii) Natural weight to be not less than 72.5kg per hectolitre
iii) Moisture content not to exceed 15%
iv) Admixture
v) Seeds and/or total admixture of farinaceous grain (including wild oats) and dirt not to exceed 2%, of which the dirt content not to exceed 1%.
vi) Ergot or garlic not to exceed 0.001%
vii) Sprouted wheat not to exceed 6%
viii) Mycotoxins not to exceed the maximum levels specified under any current UK legislation in force	i) Sound and sweet, in good condition, and to contain not more than 3% heat damage
ii) Natural weight to be not less than 72.5kg per hectolitre
iii) Moisture content not to exceed 15%
iv) Admixture
v) Seeds and/or total admixture of farinaceous grain (including wild oats) and dirt not to exceed 2%, of which the dirt content not to exceed 1%.
vi) Ergot or garlic not to exceed 0.001%
vii) Sprouted wheat not to exceed 6%
viii) Mycotoxins not to exceed the maximum levels specified under any current UK legislation in force
Daily Price Limit 	None 	None 	None
Deliverable Origins 	UK or EU origin 	UK or EU origin 	UK or EU origin
First Notice Day 	Except in respect of January delivery, any day from the seventh calendar day (if not a business day, then the next business day) preceding the first business day of the delivery month, up to the Last Trading Day of the delivery month inclusive. For January delivery, earliest tender day shall be the second business day after Christmas Day	Except in respect of January delivery, any day from the seventh calendar day (if not a business day, then the next business day) preceding the first business day of the delivery month, up to the Last Trading Day of the delivery month inclusive. For January delivery, earliest tender day shall be the second business day after Christmas Day	Except in respect of January delivery, any day from the seventh calendar day (if not a business day, then the next business day) preceding the first business day of the delivery month, up to the Last Trading Day of the delivery month inclusive. For January delivery, earliest tender day shall be the second business day after Christmas Day
Last Trading Day 	Twenty third calendar day of delivery month (in the case of July delivery months, the seventh calendar day) at 12:30 (if not a business day then the first business day immediately preceding) 	Twenty third calendar day of delivery month (in the case of July delivery months, the seventh calendar day) at 12:30 (if not a business day then the first business day immediately preceding) 	Twenty third calendar day of delivery month (in the case of July delivery months, the seventh calendar day) at 12:30 (if not a business day then the first business day immediately preceding)
Delivery Limits 	Delivery limits for IFEU Softs can be found here. 	Delivery limits for IFEU Softs can be found here. 	Delivery limits for IFEU Softs can be found here.
MIC Code 	IFLX 	IFLX 	IFLX
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	4:25 AM - 12:28 PM
04:25 - 12:28 	1:03 AM
01:03
Trading Hours 	LONDON 	9:25 AM - 5:28 PM
09:25 - 17:28 	6:03 AM
06:03
Trading Hours 	SINGAPORE 	5:25 PM - 1:28 AM
17:25 - 01:28 	2:03 PM
14:03
Codes 	Clearing Admin Name 	Feed Wheat 	Feed Wheat
Codes 	Physical 	T 	T
Codes 	Logical 	T 	T
Codes 	GMI (FC) 	LW 	LW
Codes 	ION A.C.N. 	None 	None
UK Feed Wheat Options 	UK Feed Wheat Options 	UK Feed Wheat Options 	UK Feed Wheat Options
Trading Screen Product Name	UK Feed Wheat Future 	UK Feed Wheat Future 	UK Feed Wheat Future
Trading Screen Hub Name 	ICEU 	ICEU 	ICEU
Contract Symbol 	T 	T 	T
Contract Size 	One UK Feed Wheat futures contract 	One UK Feed Wheat futures contract 	One UK Feed Wheat futures contract
Price Quotation 	£ and pence per tonne 	£ and pence per tonne 	£ and pence per tonne
Contract Series 	January, March, May, July, November, such that ten expiry months are available for trading, subject to the option expiring before the underlying future
Please note that in the case of Feed Wheat Futures and Options contracts, when a July delivery/expiry month expires, this will be replaced by a new November delivery/expiry month and when a November delivery/expiry month expires, this will be replaced by a new July delivery/expiry month.	January, March, May, July, November, such that ten expiry months are available for trading, subject to the option expiring before the underlying future
Please note that in the case of Feed Wheat Futures and Options contracts, when a July delivery/expiry month expires, this will be replaced by a new November delivery/expiry month and when a November delivery/expiry month expires, this will be replaced by a new July delivery/expiry month.	January, March, May, July, November, such that ten expiry months are available for trading, subject to the option expiring before the underlying future
Please note that in the case of Feed Wheat Futures and Options contracts, when a July delivery/expiry month expires, this will be replaced by a new November delivery/expiry month and when a November delivery/expiry month expires, this will be replaced by a new July delivery/expiry month.
Minimum Price Fluctuation 	5 pence per tonne (£5) 	5 pence per tonne (£5) 	5 pence per tonne (£5)
Exercise 	American Style 	American Style 	American Style
Daily Price Limit 	None 	None 	None
Strike Price Intervals 	£1 per tonne 	£1 per tonne 	£1 per tonne
Expiration Date 	17:28 on the second Thursday of the calendar month immediately preceding the expiry month	17:28 on the second Thursday of the calendar month immediately preceding the expiry month	17:28 on the second Thursday of the calendar month immediately preceding the expiry month
MIC Code 	IFLX 	IFLX 	IFLX
Clearing Venues 	ICEU 	ICEU 	ICEU
Trading Hours 	CITY 	TRADING 	PRE-OPEN
Trading Hours 	NEW YORK 	4:25 AM - 12:28 PM
04:25 - 12:28 	None
Trading Hours 	LONDON 	9:25 AM - 5:28 PM
09:25 - 17:28 	None
Trading Hours 	SINGAPORE 	5:25 PM - 1:28 AM
17:25 - 01:28 	None
Codes 	Clearing Admin Name 	Feed Wheat 	Feed Wheat
Codes 	Physical 	T 	T
Codes 	Logical 	T 	T
Codes 	GMI (FC) 	LW 	LW
Codes 	ION A.C.N. 	None 	None
== Notes ==
== References ==
==Resources==
ICE UK Feed Wheat Product Spec
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