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Dry Whey Futures
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Dry Whey Futures
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| Contract Size | 44,000 lbs. of Dry Whey ( ˜20 metric tons) | ||||
| Product Description | Dry Whey | ||||
| Pricing Unit | Cents per pound | ||||
| Tick Size (minimum fluctuation) | $0.00025 per pound (= $11.00 per contract) | ||||
| Daily Price Limits | $0.04 per pound above or below the previous day's settlement price, expandable to $0.06. No limits in the last 5 days of trading. See CME Rule: 5702.D |
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| Trading Hours (All times listed are Central Time) (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 Dry Whey price for that contract month. (LTD 12:10 p.m.) | ||||
| Contract Months View Listings |
All Calendar Months | ||||
| Settlement Procedure | Cash Settlement. See CME Rule 5703 | ||||
| Position Limits | Non-Spot: 1,000 contracts in any contract month Spot: 200 contracts All months combined: n/a See CME Rule: 5702.E |
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| Ticker Symbol | View Product Codes View Vendor Codes |
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| Rulebook Chapter | 57 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of the CME. | ||||
