Orange Juice Futures
Trading Unit - 15,000 lbs. of orange solids (3% more or less).
Trading Hours - 10:00 a.m.
- 1:30 p.m. (NY time).
Quotation - Prices quoted in cents and hundreths of a cent.
Trading Months - January, March, May, July, September, November with
at least two January months listed at all times.
Ticker Symbol - OJ
Minimum Fluctuation - 5/100 of a cent per pound ($7.50 per contract).
Last Trading Day - 14th business
day prior to the last business day of the month.
First Notice Day - First business day of contract month.
Daily Price Limit - Daily limit:
5 cents ($7.50 per contract) above or below the previous day's settlement price.
Spot Month Limit: A moveable 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 moveable 10 cent limit also applies to the next nearby contract month. Wider limits can take affect
under certain market conditions. Also, substantial price moves (2,000 points or more) can activate imputed settlement prices.
Point Value - $1.50
|Any other month||1,600 contracts|
|All months combined||2,500
and options have a combined limit in futures equivalents.
Basis Grade - U.S. Grade A with a Brix value of not less than 62.5 degrees.
Delivery Points - Exchange
licensed warehouses in Florida, New Jersey, Delaware and California.
Delivery Methods - Drums or tanks, at the seller's option.