| Product |
Corn |
| Trading Unit |
10MT/Contract |
| Price Quote |
RMB Yuan/MT |
| Tick Size |
1 Yuan/MT |
| Daily Price Limit |
4% of Last Settlement Price |
| Contract Months |
Jan, Mar, May, July, Sep, Nov |
| Trading Hours |
9:00 - 11:30 am., 1:30 - 3:00 pm. Beijing Time, Monday - Friday |
| Last Trading Day |
10th Trading Day of the Delivery Month |
| Last Delivery Day |
2nd Day after the Last Trading Day of the Delivery Month |
| Deliverable Grades |
Corn at Par is Subject to DCE Corn Delivery Quality Standard(F/DCE D001-2004) |
| Delivery Location |
The Warehouses Appointed by DCE |
| Minimum Trading Margin |
5% of the Contract Value |
| Trading Fee |
No more than 3 Yuan/Contract |
| Delivery Form |
Physical Delivery |
| Ticker Symbol |
C |
Attachment:
DCE Corn Delivery Quality Standard (FC/DCE D001-2004)
1. Scope
The Standard herein rules the quality guideline, classification standard and inspection method of corn delivered at the DCE.
The Standard herein is subject to delivery at par and substitutions of DCE corn futures.
2. Citation Standards
Through cited by The Standard, the articles of the following standards are considered as the ones of The Standard.
When The Standard is published, all versions are effective. When the following standards are revised, the DCE will accept the latest version.
GB 1353-1999 Corn
National Grain Document [2004] No. 43 Corn Storage Quality Determinant Rules
3. Definitions
The definitions adopted by The Standard are subject to those ruled by GB 1353-1999 and Corn Storage Quality Determinant Rules
4. Quality Guideline
4.1 Quality requirements of corn at par and substitutions
| Delivery Grade |
Gram/liter |
Impurity (%) |
Moisture (%) |
Unsound Kernel% |
Smell and color |
| Total |
Moldy Kernel |
| Par |
1st grade |
685 |
1.0 |
14.0 |
8.0 |
2.0 |
Normal |
| 2nd grade |
| Substitutions |
3rd grade |
660 |
2.0 and 4.0 |
4.2 Discount by quality difference
| Item |
Quality Required at Par |
Quality Required of Substitutions |
Discount (Yuan/MT) |
| Gram/liter |
685 Gram/liter |
660 Gram/liter |
-30 |
| Moldy Kernel |
2.0% |
2.0% and 4.0% |
-50 |
4.3 Corn Storage Quality Requirements
In warehouses suitable to be stored
Out warehouses No deterioration.
4.4 Total unsound kernel of out warehouses bulk grain 11%
4.5 See the DCE Corn Futures Delivery Detailed Rules for the package requirements.
4.6 Sanitation inspection and foliage quarantine are subject to China's relevant standards and rules.
5. Inspection Method
Subject to GB 1353-1999 and Corn Storage Quality Determinant Rule
Additional Note:
The Standard herein is explained by DCE.
