UAN 30 Fertiliser futures

UAN 30 Fertiliser futures

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UAN 30 Fertiliser Futures: Contract Specifications

The first physically-deliverable futures contract for nitrogen fertiliser solution

Our innovative futures contract for nitrogen solution is available for trading for the European fertiliser market, with delivery in Rouen, France.

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.

Delivery is through Rouen-based Rubis Terminal, one of Europe’s leading independent storage specialists for fertiliser and agro, oil and chemical products.

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.

Nicholas Kennedy, Head of Commodities at Euronext:
“This is the first physically-deliverable futures contract for nitrogen fertiliser solution. It has been designed for the whole fertiliser industry and its end users, many of whom are already key users of Euronext’s other commodity contracts and are familiar with using financial instruments to hedge commodity price risk.”

François Terrassin, CEO of Rubis Terminal, 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."

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