Orange Juice Futures
Point Value
$1.50
Daily Limit
5 cents ($750 per contract) above or below the previous day's settlement price.
Position Limits
Delivery Month 300 contracts
Any other month 1,600 contracts
All months combined 2,500 contracts
Basis Grade
U.S. Grade A with a Brix value of not less than 62.5 degrees.
Spot Month Limit
A movable 10 cents ($1500 per contract) above or below the previous
day's settlement price. Additionally, on and after first notice day of
the spot month, this same movable 10 cent limit also applies to the
next nearby contract month. Wider limits can take effect under certain
market conditions. Also, substantial price moves (2,000 points or more)
can activate imputed settlement prices.
Frozen concentrated orange juice futures. Options can
also be traded on this market. The free educational
material and trading kit is available for commodity
trading. This market can also be traded online.
|