Corn - Grading Table

Per 1,000kg

Standard Grade Deliverable Grades
Grades Price Differentials
Yellow corn produced in the United States of America (United States Grain Standards Act No. 3) Yellow corn produced in the United States of America (United States Grain Standards Act No. 1) At contract price
Yellow corn produced in the United States of America (United States Grain Standards Act No. 2) At contract price

Notes;

Good delivery materials shall satisfy the following requirement

  1. Yellow corn whose bill of lading, delivery order, or private delivery order state that the corn was produced in the U.S.
  2. Corn that was loaded in the region of production and was brought directly to a port in Japan and that is bulk product that was moved from the carrying vessel to the warehouse without passing through customs.
  3. Corn that the seller has paid ocean freight charges and marine insurance for.
  4. Corn that is specified as type A feed based on the “Guidelines concerning Prevention of Contamination of Feed for Ruminants by Animal-derived Proteins” (Notice from Director-General of Food Safety and Consumer Affairs Bureau, Ministry of Agriculture, Forestry and Fisheries, dated September 16, 2003) and that was imported by a company specified by the Exchange in accordance with the Agricultural Product & Sugar Delivery Detailed Rules Handling Procedure.
  5. Exported corn whose invoice confirms that it is at least grade No. 3 as specified in U.S. Department of Agriculture Grain Inspection and that has a moisture content of 15% or less.
  6. Corn that has been shipped from the production region without incident, does not violate the Plant Protection Act, and that of after removal of items that has been wetted by rain, fresh water, sweat, or seawater or that has been damaged by mold or high temperature.
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