PRODUCTS

PRODUCTS

  • USA Corn
  • USA Oats
  • USA Soybeans
  • USA Soybean Meal
  • USA Soybean Oil
  • USA Wheat
Corn is mainly used for refineries to produce product such as corn sweeteners. It is the most important refined product. In Year 2004, corn sweeteners supplied more than 56% of the U.S nutritive sweetener market. Second major product of refined corn is Ethanol, which is gaining increasing acceptance as a cleaner option for motor fuel. Thirdly, starch as a product which is the mainstay of the industry & the U.S economy. American rely on corn refiners for over 90% of their starch needs.

Exchange (web link) CBOT(http://www.cmegroup.com)
Contract Code C
Contract Size 5,000 bushels (~ 127 Metric Tons)
Tick Size (minimum fluctuation) 1/4 of one cent per bushel ($12.50 per contract)
Tick Value $12.50
Daily Price Limit $0.40 per bushel expandable to $0.60 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.
Contract Months/Symbols March (H), May (K), July (N), September (U) & December (Z)
Trading Hours
(USA Time)
CME Globex (Electronic Platform) Sunday - Friday, 7:00 p.m. to 7:45 a.m. CT and Monday - Friday, 8:30 a.m. to 1:15 p.m. CT and Open Outcry (Trading Floor) Monday - Friday, 8:30 a.m. to 1:15 p.m. CT
Last Trading Date The business day prior to the 15th calendar day of the contract month.
Margin Requirement
Oats is the 3 rd most important grain crop in the United States. Most of them are used for live stock feed. Formerly largely fed to horses, oats are now used as feed for dairy cattle & poultry as well.

Exchange (web link) CBOT(http://www.cmegroup.com)
Contract Code O
Trading Unit 5,000 bushels (~ 86 metric tons)
Min Tick 1/4 of one cent per bushel
Tick Value $12.50
Price Limit $0.20 per bushel expandable to $0.30 and then to $0.45 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.
Contract Months March (H), May (K), July (N), September (U) & December (Z)
Trading Hours
(USA Time)
CME Globex (Electronic Platform) Sunday - Friday, 7:00 p.m. to 7:45 a.m. CT and Monday - Friday, 8:30 a.m. to 1:15 p.m. CT and Open Outcry (Trading Floor) Monday - Friday, 8:30 a.m. to 1:15 p.m. CT
Last Trading Date The business day prior to the 15th calendar day of the contract month.
Margin Requirement
Soybeans are grown primarily for processing into soybean meal & soybean oil. It became important in North America & Europe as a substitute for protein food. The major producers are USA, Brazil, China, Argentina & Paraguay. The main importers for US soybeans are the EEC and Japan.

Exchange (web link) CBOT(http://www.cmegroup.com)
Contract Code S
Trading Unit 5,000 bushels (~136 metric tons)
Min Tick 1/4 of one cent per bushel
Tick Value $12.50
Price Limit $0.40 per bushel expandable to $0.60 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month
Contract Months March (H), May (K), July (N), September (U) & December (Z)
Trading Hours
(USA Time)
CME Globex (Electronic Platform) Sunday - Friday, 7:00 p.m. to 7:45 a.m. CT and Monday - Friday, 8:30 a.m. to 1:15 p.m. CT and Open Outcry (Trading Floor) Monday - Friday, 8:30 a.m. to 1:15 p.m. CT
Last Trading Date The business day prior to the 15th calendar day of the contract month.
Margin Requirement
The remains of Soybeans after the extraction of oil are heated and dried to turn into a byproduct call Soybean Meal which consists of 2 millimeters or undersized grains.

Exchange (web link) CBOT(http://www.cmegroup.com)
Contract Code SM
Trading Unit 100 Short Tons (~ 91 metric tons)
Min Tick 10 cents per short ton
Tick Value $10.00 per contract
Price Limit $20 per short ton expandable to $30 and then to $45 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.
Contract Months January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)
Trading Hours
(USA Time)
CME Globex (Electronic Platform) Sunday - Friday, 7:00 p.m. to 7:45 a.m. CT and Monday - Friday, 8:30 a.m. to 1:15 p.m. CT and Open Outcry (Trading Floor) Monday - Friday, 8:30 a.m. to 1:15 p.m. CT
Last Trading Date The business day prior to the 15th calendar day of the contract month.
Margin Requirement
Soybean oil is a vegetable oil extracted from the seeds of the soybean. It is one of the most widely consumed cooking oils. Being one of the drying oils it is also used as a base for printing inks and oil paints.

Exchange (web link) CBOT(http://www.cmegroup.com)
Contract Code BO
Trading Unit 60,000 pounds (lbs) (~ 27 metric tons)
Min Tick 1/100 of a cent ($0.0001) per pound
Tick Value $6.00 per contract
Price Limit 2.5 cents per pound expandable to 3.5 cents per pound and then to 5.5 cents per pound when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.
Contract Months January (F), March (H), May (K), July (N), August (Q), September (U), October (V) & December (Z)
Trading Hours
(USA Time)
18:00 - 07:15 and
09:30 - 13:15 Central Time, Sunday - Friday
Last Trading Date The business day prior to the 15th calendar day of the contract month.
Margin Requirement
Globally, wheat is the leading source of vegetable protein in human food, having a higher protein content than either maize (corn) or rice, the other major cereals. In terms of total production tonnages used for food, it is currently second to rice as the main human food crop, and ahead of maize, after allowing for maize\'s more extensive use in animal feeds. The two biggest wheat producers are China and the EU, followed currently by India, then USA. Developed countries USA, Canada, Australia, the EU and increasingly Argentina are the major exporters with developing countries being the main importers, although both India and China are close to being self-sufficient in wheat.

Exchange (web link) CBOT(http://www.cmegroup.com)
Contract Code W
Trading Unit 5,000 bushels (~ 136 Metric Tons)
Min Tick 1/4 of one cent per bushel
Tick Value $12.50 per contract
Price Limit $0.60 per bushel expandable to $0.90 and then to $1.35 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.
Contract Months March (H), May (K), July (N), September (U) & December (Z)
Trading Hours
(USA Time)
CME Globex (Electronic Platform) Sunday - Friday, 7:00 p.m. to 7:45 a.m. CT and Monday - Friday, 8:30 a.m. to 1:15 p.m. CT and Open Outcry (Trading Floor) Monday - Friday, 8:30 a.m. to 1:15 p.m. CT
Last Trading Date The business day prior to the 15th calendar day of the contract month.
Margin Requirement

CONTACT US

Okachi (Malaysia) Sdn. Bhd.

Level 8, Pavilion KL,
168, Jalan Bukit Bintang,
55100 Kuala Lumpur.

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