UAN 30 Fertiliser futures

UAN 30 Fertiliser futures

The first physically-deliverable futures contract for nitrogen fertiliser solution

A new, innovative futures contract for nitrogen solution is now available for trading for the European fertiliser market. The new contract launched on 14 November 2016, with the first tradable expiry set for March 2017.

Backed by partners across the fertiliser supply chain, from producers and traders, through storage terminal operators to cooperatives, Euronext’s UAN 30 Fertiliser Futures provide you with a comprehensive suite of tools to manage price risk and cover your overall positions more efficiently, for both agricultural inputs and for grains and oilseeds such as wheat, rapeseed and corn.

Access delayed prices and download contract specifications
UAN 30 Fertiliser Futures: Contract Specifications

Key characteristics:

  • UAN 30 solution is a combination of urea and ammonium nitrate, a common element of the family of nitrogen-based fertilisers used throughout the agricultural industry.
  • Physically delivered future traded in euros
  • Delivery point in Rouen, France, a major trading area of fertiliser imports as well as for crop exports such as wheat
  • Initial expiry calendar reflecting seasonal pattern of sowing, manuring and harvesting: March, June, September, November, over a 2-year horizon
  • Clearing handled by LCH S.A.

Olivier Raevel, Head of Commodities at Euronext:
"Our nitrogen solution futures contract is intended for the whole fertiliser industry and its end-users, particularly cooperatives, who are key users of Euronext’s commodity contracts. It is designed to meet the needs of an industry that is already familiar with instruments for hedging price risk in commodities."

François Terrassin, CEO of Rubis Terminal, one of Europe’s leading independent storage specialists for fertiliser and agro, oil and chemical products, and Euronext’s partner for the new contract:
"Rubis Terminal is delighted to team up with Euronext to launch this new contract. Our Rouen site is a major fertiliser supply and distribution platform for the agricultural sector and is ideally suited for the future success of this contract. We believe this initiative will make it easier for market players to access our offering and will confirm our position in Europe and worldwide."

Full press release: [English] [French]

To find out how these contracts can help in your hedging or investment strategies, please contact us:
fertiliser@euronext.com