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Nonfat Dry Milk Options
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Type
 
Nonfat Dry Milk Options
Underlying Contract One Nonfat Dry Milk contract
Pricing Unit Cents per per pound
Tick Size (minimum fluctuation) Full Tick: $0.00025 per pound (= $11.00 per contract)
Half Tick: $0.000125 per pound (= $5.50 per contract)
Daily Price Limits None
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.
OPEN OUTCRY (Trading Floor) MON–FRI: 9:05 a.m. – 1:12 p.m. (LTD 12:10 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 Nonfat Dry Milk price for that contract month. (LTD 12:10 p.m.)
Contract Months
View Listings		 All Calendar Months
Strike Price Intervals All Contract Months: $0.02 intervals, nearest month $0.01 intervals
See CME Rule 54A01.E
Exercise Procedure American Style See CME Rule 54A02
Position Limits Non-spot: 1,000 futures-equivalent contracts in any contract month
Spot: 100 futures-equivalent contracts
All months combined: n/a
See CME Rule 54A01.F.
Ticker Symbol View Product Codes
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Rulebook Chapter 55A
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of the CME.