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First Notice Day

Also found in: Acronyms

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First Notice Day

The first day that a notice of intent to deliver a commodity can be made by a clearinghouse to a buyer in fulfillment of a given month's futures contract.

Notes:

This day varies by contract and exchange rules.

See also: Clearing House, Commodity, Futures

First notice day

The first day, varying by contracts and exchanges, on which notices of intent to deliver actual financial instruments or physical commodities against futures are authorized.

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I did not realize that lead month May natural gas goes off the board on first notice day unlike the grains.

Opportunities in natural gas by Farm Journal

Now that first notice day is behind us, the pattern is for the lead-month contracts have to firm a little as sellers move to the sidelines.

Are we going to get the Thanksgiving-to-Christmas-bounce? by Utterback, Bob / Farm Journal

By mid-week we will see first notice day of the December corn contract.

Post-holiday cash flow by Utterback, Bob / Farm Journal

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