| Product |
No.2 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 |
3rd Day after the Last Trading Day of the Delivery Month |
| Deliverable Grades |
In accordance with DCE No.2 Soybean Delivery Quality Standard(FB/DCE D001-2005) |
| Delivery Location |
The Warehouses Designated by DCE |
| Minimum Trading Margin |
5% of the Contract Value |
| Trading Fee |
No more than 4 Yuan/Contract |
| Delivery Form |
Physical Delivery |
| Ticker Symbol |
B |
DCE No.2 Yellow Soybean Futures Delivery Quality Standard (FB/DCE D001-2005)
1. Scope
The Standard rules the quality guidelines, classification standards and inspection methods of No.2 yellow soybeans futures contract delivered at DCE.
The Standard is subject to the deliverable soybeans at par and its substitution of DCE No.2 yellow soybeans futures contract.
The yellow soybeans in the Standard refers to those with a seed coat of yellow, with a hilum of filemot, hazel, puce or black, and with a shape of round, flat round, oval or long oval.
2. Standards cited
The articles and clauses ruled by the following standards are the ones of the Standard after being cited. All versions are effective when the Standard is published. The DCE will adopt the latest version when any of the following standards is revised.
SN/T 0798-1999 inspection of grain, oil, and feed imported & exported; terms of inspection;
SN/T 799-1999 inspection of grain, oil, and feed imported & exported; general rules of inspection;
SN/T 0800.1-1999 inspection of grain, oil, and feed imported & exported; sample and methods of sampling;
SN/T 0803.1-1999 inspection methods of oil imported & exported and its crude fat;
SN/T 0803.9-1999 inspection methods of oil imported & exported and its crude protein;
SN/T 0803.7-1999 inspection methods of oil imported & exported and its moisture & volatile;
SN/T 0803.6-1999 inspection methods of oil imported & exported and its impurity;
SN/T 0803.2-1999 inspection methods of oil imported & exported and its unsound kernel;
No.148 of National Grain [1999]: Grain and Oil Storage Quality Judgment Rules (temporary)
3. Definitions
The following definitions are applied to the Standard.
3.1 Crude Fat: subject to relevant explanation of SN/T 0798-1999
3.2 Crude Protein: subject to relevant explanation of SN/T 0798-1999
3.3 Moisture and Volatile: subject to relevant explanation of SN/T 0798-1999
3.4 Impurity: subject to relevant explanation of SN/T 0798-1999
3.5 Broken, Damaged and Head Damaged Kernel: subject to relevant explanation of SN/T 0798-1999
3.6 Color and Odor: subject to relevant explanation of SN/T 0798-1999
3.7 Control Guidelines of Storage Quality: subject to relevant explanation of No.148 of National Grain [1999]: Grain and Oil Storage Quality Judgment Rules (temporary)
4. Quality Guideline
4.1 Quality and Technology Requirements for Delivery at Par of No.2 Yellow Soybeans Futures Contract
|
Crude Fat % |
Crude Protein % |
Moisture and volatile % |
Impurity % |
Broken Kernel % |
Damaged Kernel % |
Color and Odor |
|
Total |
Including: heat damaged Kernel |
|
R18.5 |
R34.5 |
13.5 |
2.0 |
20.0 |
3.0 |
5.0% |
Normal |
4.2 No.2 Yellow Soybeans Futures Contract Quality Premium/Discount
|
Item |
Quality Standard % |
Permitted Range % |
Premium(+)/ Discount(-) |
|
Crude fat |
R18.5 |
R16.5 and <18.5 |
-120 |
|
Crude protein |
R34.5 |
R33.5 and <34.5 |
-50 |
|
Moisture and volatile |
13.5 |
Delivered in Nov., Jan., Mar. Contracts: 14.5 |
-50 |
|
Damaged Kernel |
Total |
3.0 |
8.0 |
-30 |
|
Including: heat damaged Kernel |
0.5 |
5.0 |
4.3 Control Guideline of Soybeans Storage Quality:
In-warehouse guideline: suitable storage
Out-warehouse guideline: not fusty
4.4 The Permitted Range of Out-warehouse Broken Kernel of Scattered and Deliverable Soybeans: 25%
4.5 Sanitation Inspection and Propagation Quarantine are executed subject to relevant national standards and rules.
5. Inspection Methods
5.1 Inspection of general rules is subject to SN/T 0799-1999.
5.2 Methods of sample and sampling are subject to SN/T 0800.1-1999.
5.3 Inspection of crude fat is subject to SN/T 0803.3-1999.
5.4 Inspection of crude protein is subject to SN/T 0803.9-1999.
5.5 Inspection of moisture and volatile are subject to SN/T 0803.7-1999.
5.6 Inspection of impurity is subject to SN/T 0803.6-1999.
5.7 Inspections of broken, damaged and heat damaged kernels are subject to SN/T 0803.2-1999.
5.8 Inspections of color and odor are subject to SN/T 0798-1999 and SN/T 0800.1-1999.
5.9 Control guidelines of storage quality are subject to No.148 of National Grain [1999]: Grain and Oil Storage Quality Judgment Rules (temporary)
Notes:
The Standard is explained by The Dalian Commodity Exchange.
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