TOCOM Corn Futures, JPY(¥) per 1000 kg [TREND]

Corn Futures : TOCOM = Tokyo Commodity Exchange (Japan Exchange Group : JPX). Almost all corn consumed in Japan is imported from foreign countries, mainly from the US. About 70% of the corn is consumed as feed and the rest is consumed as food. Corn prices are heavily influenced by the yield from the Corn Belt, a major production area in the US.

Type of Trade: Physically Delivered Futures Transaction.
Standard: No. 3 yellow corn produced in the U.S.A. (not cleared through customs).
Opening Date: February 12, 2013. (transferred from TOCOM on July 27, 2020).
Trading Hours (Tokoy): 8:45-15:15, 16:30-5:30. An order acceptance period ("pre-closing") is established for 5 minutes before the Itayose on close.
Contract Months: Nearest 6 months (January, March, May, July, September, November).
Last Trading Day: The 15th day of the month immediately preceding the current contract month.
Contract Unit: 50,000kg.
Price Increment: ¥10 per 1,000 kg (¥500 per Contract Unit).
Delivery Unit: 50,000kg.
Price Limits: ¥1500.
Circuit Breaker Rule: No trading Halt.
Customer Position Limits: Current contract (expiry month) 600 Contracts, Current contract (month before expiry month) 1,200 contracts, 2nd contract 3,000 contracts, 3rd contract month 6,000 contracts, 4th contract month and thereafter (each) 6,000 contracts.
Settlement: Resale or repurchase, and Final settlement (physical delivery).