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Agricultural Products
View an Agricultural Product
Cash-Settled Butter Futures
| Cash Settled Butter Futures | |||||
|---|---|---|---|---|---|
| Contract Size | 20,000 lbs. of Butter ( ˜9 metric tons) | ||||
| Product Description | Grade AA Butter | ||||
| Pricing Unit | Cents per pound | ||||
| Tick Size (minimum fluctuation) | $0.00025 per pound (= $5.00 per contract) | ||||
| Daily Price Limits | $0.05 per pound above or below the previous day's settlement price, with multiple expansions. No limits in the last 5 days of trading. See CME Rule: 5602.D |
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| Trading Hours (All times listed are Central Time) |
Globex (Electronic Platform) | Sundays at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m. | |||
| Last Trade Date/Time View Calendar |
Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Butter price for that contract month. (LTD 12:10 p.m.) | ||||
| Contract Months View Listings |
All Calendar Months | ||||
| Settlement Procedure | Cash Settlement See CME Rule 5603.A | ||||
| Position Limits | Non-Spot: 500 contracts in any contract month Spot: 100 contracts All months combined: n/a See CME Rule: 5602.E |
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| Ticker Symbol | View Product Codes View Vendor Codes |
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| Rulebook Chapter | 56 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. | ||||
