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No.1 Soybean Futures Contract of Dalian Commodity Exchange ("DCE")

                                          (applicable to No.1 Soybean futures contracts starting from 2005)

Product

No.1 Soybean

Trading Unit

10 MT/Lot

Price Quote Unit

CNY/MT

Minimum Tick Size

1 CNY/MT

Daily Price Limit Range*

4% of last settlement price

Contract Months

Jan, Mar, May, Jul, Sep, Nov

Trading Hours

9:00 - 11:30 a.m., 1:30 - 3:00 p.m., Beijing Time, Monday to Friday, and other trading hours announced by DCE

Last Trading Day

The 10th trading day of the contract month

Last Delivery Day

The 3rd trading day after the last trading day

Deliverable Grades

No.1 Soybean Delivery Quality Standard of DCE (F/DCE A001-2018)

Delivery Point

The delivery warehouses of No.1 Soybean designated by DCE

Minimum Trading Margin*

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

A

Listed Exchange

DCE

Note: DCE may adjust the daily price limit ranges and the trading margins of each contract according to market conditions. For details of current trading parameters of each contract, please see below website:

http://www.dce.com.cn/DCE/TradingClearing/Business%20Parameters/Trading%20Parameters/index.html

                                          (applicable to No.1 Soybean futures contracts before 2005) 

Product

No.1 Soybean

Trading Unit

10 MT/Lot

Price Quote Unit

CNY/MT

Minimum Tick Size

1 CNY/MT

Daily Price Limit Range*

4% of last settlement price

Contract Months

Jan, Mar, May, Jul, Sep, Nov

Trading Hours

9:00 - 11:30 a.m., 1:30 - 3:00 p.m., Beijing Time, Monday to Friday, and other trading hours announced by DCE

Last Trading Day

The 10th trading day of the contract month

Last Delivery Day

The 3rd trading day after the last trading day

Deliverable Grades

No.1 Soybean Delivery Quality Standard of DCE (FA/DCE D001-2012)

Delivery Point

The delivery warehouses of No.1 Soybean designated by DCE

Minimum Trading Margin*

5% of the contract value

Delivery Form

Physical delivery

Ticker Symbol

A

Listed Exchange

DCE

 Note: DCE may adjust the daily price limit ranges and the trading margins of each contract according to market conditions. For details of current trading parameters of each contract, please see below website:

http://www.dce.com.cn/DCE/TradingClearing/Business%20Parameters/Trading%20Parameters/index.html

Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Dalian Commodity Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.

 

 

No. 1 Soybean Delivery Quality Standard of Dalian Commodity Exchange ("DCE")

No. 1 Soybean Delivery Quality Standard of Dalian Commodity Exchange ("DCE") (F/DCE A001-2018)

   (applicable to No.1 Soybean futures contracts starting from 2005) 

1  Scope

The standard herein (the "Standard") stipulates the quality standards, classification standards and inspection methods for No. 1 soybean delivered at DCE.The Standard applies to standard products and substitute products delivered under the No. 1 soybean futures contract of DCE.

The soybeans as stated in the Standard refer to those soybeans with yellow or pale yellow seed coat and whose navel is yellow-brown, light-brown, dark brown, black or in other colors.

2  Cited rules and standards

The provisions of the following documents are incorporated as the provisions of the Standard by reference. For those cited documents noted with dates, all of their following amendments (excluding corrections) and revised versions shall not be applied to the Standard; for those without noted dates, their latest versions shall be applied to the Standard.

GB 1352-2009 Soybeans

State Administration of Grain [2000] No. 143: Rules for Grain and Oil Storage Quality Determination (for Trial Implementation)

3  Terms and definitions

Terms and definitions under this Standard shall be interpreted in accordance with   GB 1352-2009 and State Administration of Grain [2000] No. 143.

4  Quality and hygienic requirements

4.1  Quality requirements for standard products of No.1 Soybean

Perfect Kernels (%)

Seed Coat

Damaged Kernels (%)

Impurity (%)

Moisture (%)

Color and Odor

Crude Protein Content (g/100g)

Total

Heat Damaged Kernels

85.0

Yellow or pale yellow; kernels in other colors less than 5.0%

3.0

0.5

1.0

13.0

Normal

36 and 37

Note: In accordance with GB 1352-2009 and GB 5009.5-2016 National Food Safety Standard - Determination of Protein in Foods, the conversion coefficient of nitrogen to protein is 5.71 when calculating the crude protein content of No. 1 soybean.

4.2  Premium/discount by quality difference

Item

Standard product quality requirements

Substitute product quality requirements

Premium/Discount (CNY/MT)

Perfect Kernels (%)

85.0

90.0

10

80.0 and <85.0

-40

Damaged Kernels (%)

Total

3.0

3.0 and 8.0

0

>8.0 and 10.0

-20

Heat Damaged Kernels

0.5

0.5 and 3.0

0

Moisture (%)

13.0

>13.0 and 14.0

-60

Crude Protein Content (g/100g)

36 and 37

37

30

35 and 36

-80

34 and 35

-160

Note: In accordance with GB 1352-2009 and GB 5009.5-2016 National Food Safety Standard - Determination of Protein in Foods, the conversion coefficient of nitrogen to protein is 5.71 when calculating the crude protein content of No. 1 soybean.

4.3  The qualified rate shall be equal to or more than 95% through a 4.0 mm long-mouth sieve.

4.4  Genetically modified soybean are not permitted to be delivered as standard products or substitutes.

4.5  Hygienic standard and animal and plant quarantine items shall be subject to GB1352-2009.

4.6  Technical requirement of storage quality

Load-in

Load-out

Crude Fatty Acid Value (mgKOH/100g)

≤1

≤2.5

Protein Dissolution Ratio (%)

≥80

≥65

5   Inspection methods and guidelines

Subject to GB 1352-2009 and State Administration of Grain [2000] No. 143.

6   Additional note

The Standard shall be subject to the interpretation of DCE.

No. 1 Soybean Delivery Quality Standard of Dalian Commodity Exchange ("DCE") (FA/DCE D001-2012)

 (applicable to No.1 Soybean futures contracts before 2005)

1  Scope

 The standard herein (the "Standard") stipulates the quality standards, classification standards and inspection methods for No. 1 soybeans delivered at DCE.

The Standard applies to standard products and substitute products delivered under the No. 1 soybeans futures contract of DCE.

The soybeans as stated in the Standard refer to those soybeans with yellow or pale yellow seed coat and whose navel is yellow-brown, light-brown, dark brown, black or in other colors.

2 Cited rules and standards

The provisions of the following documents are incorporated as the provisions of the Standard by reference. For those cited documents noted with dates, all of their following amendments (excluding corrections) and revised versions shall not be applied to the Standard; for those without noted dates, their latest versions shall be applied to the Standard.

GB 1352-2009 Soybeans

State Administration of Grain [2000] No. 143: Rules for Grain and Oil Storage Quality Determination (for Trial Implementation)

3 Terms and definitions

Terms and definitions under this Standard shall be interpreted in accordance with   GB 1352-2009 and State Administration of Grain [2000] No. 143.

4 Quality and hygienic requirements

4.1 Quality requirements for standard products of No.1 Soybean

Perfect Kernels (%)

Seed Coat

Damaged Kernels (%)

Impurity (%)

Moisture (%)

Color and Odor

Total

Heat Damaged Kernels

85.0

Yellow or pale yellow; kernels in other colors less than 5.0%

3.0

0.5

1.0

13.0

Normal

 4.2 Premium/discount by quality difference 

Item

Quality Standard (%)

Allowance (%)

Premium/Discount (CNY/MT)

Perfect Kernels

85.0

90.0

10

80.0 and <85.0

-40

Damaged Kernels

Total

3.0

3.0 and 8.0

0

>8.0 and 10.0

-20

Heat Damaged Kernels

0.5

0.5 and 3.0

0

Moisture

13.0

>13.0 and 14.0

-60

4.3  Genetically modified soybeans are not permitted to be delivered as standard products or substitutes.

4.4  Hygienic standard and animal and plant quarantine items shall be subject to GB1352-2009.

4.5  Technical requirement of storage quality

       By entry of warehouse: suitable to be stored; by exit of warehouse: suitable for storage or not suitable for storage

 5    Inspection methods and guidelines

       Subject to GB 1352-2009 and State Administration of Grain [2000] No. 143.

  6  Additional note

      The Standard shall be subject to the interpretation of DCE.

Disclaimer: This English translation may be used for reference only. In cases there is any discrepancy between the English version and the original Chinese version, the original Chinese version shall prevail. Dalian Commodity Exchange may change or update this English translation without any prior notice and shall accept no responsibility or liability for damage or loss caused by any error, inaccuracy, misunderstanding, or change with regard to this English translation.

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