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Description

The FCOJ-A futures contract is the world benchmark contract for the global frozen concentrated orange juice market. The contract prices physical delivery of U.S. Grade A juice (with grading performed by the U.S. Department of Agriculture), in storage in exchange licensed warehouse in several U.S. delivery points. Allowed countries of origin are the U.S., Brazil, Costa Rica and Mexico.

Market Specifications

Trading Screen Product Name

FCOJ-A Futures

Trading Screen Hub Name

NYCC

Contract Symbol

OJ

Contract Size

15,000 pounds of orange juice solids (3% or less)

Price Quotation

Cents and hundredths of a cent to two decimal places

Contract Series

January, March, May, July, September, November.

Minimum Price Fluctuation

5/100 of a cent per pound ( $7.50/contract / )

Settlement

Physical delivery

Grade/Standards/Quality

US Grade A with a Brix value of not less than 62.5 degrees

Daily Price Limit

Ten cents per pound above/below the prior day settlement price.
NOTE: this limit is subject to expansion under certain conditions, please see FCOJ Rule 13.08

Delivery Locations

Exchange licensed warehouses in Florida, New Jersey, and Delaware

Deliverable Origins

U.S., Brazil, Costa Rica and Mexico.

First Notice Day

First business day of contract month

Last Trading Day

14th business day prior to the last business day of the month

Last Notice Day

Fifth business day prior to the last business day of the contract month

Position Limit

"Position Limit and Position Accountability information for all IFUS products can be found here.

Markers

TAS (Trade at Settlement)

MIC Code

IFUS

Clearing Venues

ICUS

Trading Hours

Codes