| Product |
No.1 Soybeans |
| 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 |
7th Day after the Last Trading Day of the Delivery Month |
| Deliverable Grades |
See the Attached Form for Details. |
| Delivery Location |
The Warehouses Appointed by DCE |
| Trading Margin |
5% of the Contract Value |
| Trading Fee |
no more than 4 Yuan/Contract |
| Delivery Form |
Centralized Delivery |
| Ticker Symbol |
A |
Technology Requirements of No.1 Soybeans Quality
| Delivery Grade |
Minimum PureKernel Yield (%) |
Seed Coat |
Impurity (%) |
Moisture (%) |
Smell, Color & Luster |
Premium (RMB/MT) |
Discount(RMB/MT) |
| Par |
No.3 Yellow |
91.0 |
Yellow, more than 95% |
1.0 |
13.0 |
Normal |
- |
- |
| Substitution |
No.1 Yellow |
96.0 |
30 |
- |
| No.2 Yellow |
93.5 |
10 |
- |
| No.4 Yellow |
88.5 |
- |
30 |
Notes:
1.Yellow soybeans: seed coat of yellow, hilum of filemot, hazel, puce, black or others, usual shape of round or oval
2.GMO soybeans is not permitted to be delivered
3.Delivery price of par = Delivery settlement price
4.Delivery price of substitutions = Delivery settlement price + substitution premium/discount + quality premium/discount
5.The standard and method of quality inspection are subject to GB5490-5539-85 Grain, Oil Plants and Floral Grease Inspection
6.Sanitation standard and creatural & floral quarantine are subject to national relevant rules
7.See Form 2 attached for the allowable range of moisture and impurity
8.The requirement for package is subject to DCE delivery rules
9.In-warehouse index: out-warehouse guideline: acid value of crude fat 3.5, protein dissolving rate 75 out-warehouse index: acid value of crude fat 5.0, protein dissolving rate 60.
Quality Premium/Discount of No.1 Soybeans
| Item |
Quality Standard (%) |
Allowable Range (%) |
Quality Difference (%)
(Higher-- + Lower-- -) |
Premium/Discount(RMB/MT) |
Notes |
|
Moisture |
13.0 |
Contract of Nov., Jan. and Mar. < 15.0
Contracts of May, July and Sep. 13.5 |
-1.0 |
+20 |
1.Premium to the moisture of 12%
2.Premium/discount not calculated if 1.0% lower or higher than the standard
|
| +1.0 |
-55 |
|
Impurity |
1.0 |
< 2.0 |
-0.5 |
+10 |
Premium/discount not calculated if 1.0% lower or higher than the standard |
| +0.5 |
-30 |
Notes:Quality Premium/Discount=Moisture Premium/Discount + Impurity Premium/Discount
|
