Options on Milling Wheat Futures Contract

Options on Milling Wheat Futures Contract
Unit of trading

One Milling Wheat futures contract

Delivery months

November, January, March and May until May 2015 and then September, December, March and May from September 2015 onwards, such that 12 expiry months are available for trading, subject to the option expiring before the underlying future

Minimum price movement (tick size and value)

10 Euro cents per tonne (€5)

Last trading day

18:30 on the 15th calendar day of the month immediately preceding the expiry month (if not a business day then the following business day)

Trading Hours

10:45 – 18:30 Paris time

Legal Delivery/Expiry Month

Jan 2008 Onwards

Trading platform

Universal Trading Platform (UTP)


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



Option style

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

Price basis

Euro and Euro cents per metric tonne

Euronext Market: Paris

Wholesale trading facilities: None apply.

Contract Standard: Assignment of one Milling Wheat futures contract for the expiry month at the exercise price.

Exercise Price Increments: €1 per tonne

All times are Paris times