Options on Corn Futures

Corn Options
Unit of trading

One Corn futures contract

Minimum price movement (tick size and value)

10 euro cents per tonne (€5)

Laatste update
maa, 15/05/2017
Trading Hours

10:45 – 18:30 Paris time

Trading platform

Universal Trading Platform (UTP)

Algorithm

Central order book applies a price-time trading algorithm, with priority given to the first order at the best price

Clearingmarkt

LCH S.A

Expiry day

The 15th day of the month immediately preceding the delivery month (if not a business day, then the following business day)

Expiry months

January, March, June, August and November such that ten delivery months are available for trading, subject to the option expiring before the underlying future

Price basis

Euro and euro cents per metric tonne

Euronext Market: Paris.

Exercise price increments:

  • €1 per tonne

Contract standard:

  • Assignment of one corn futures contract for the expiry month at the exercise price

Option exercise:

  • Corn options are ‘American’ style - i.e. may be exercised at any time prior to expiry

All times are Paris times.