FCOJ Futures Contract
Contract specifications are current as of November 12, 2001 and may be subject to change. Verify information with your broker.

Daily Price Limits:

Daily Limit: 5 cents ($750 per contract) above or below the previous day's settlement price.

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.

Point Value:
$1.50

Position Limits:

Delivery Month	300 contracts
Any other month	1,600 contracts
All months combined	2,500 contracts

Futures and options have a combined limit in futures equivalents.
Contact the Exchange for more information..

Basis Grade:
U.S. Grade A with a Brix value of not less than 62.5 degrees.
Contact the Exchange for more information on other specifications.

Delivery Points:
Exchange licensed warehouses in Florida, New Jersey, Delaware, and California.

Delivery Methods:
Drums or tanks, at the seller's option.

Trading Unit15,000 pounds of orange solids (3% more or less).

Trading Hours12:30p..m. - 2:45 p.m. (NY time).

Price QuotationPrices quoted in cents and hundredths of a cent.

Trading MonthsJanuary, March, May, July, September, November with at least two January months listed at all times.

Ticker SymbolOJ

Minimum Fluctuation5/100 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

 

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For further details contact one of our account executives at 1-800-479-0733