| UAN FOB NOLA Swaps | |||||
|---|---|---|---|---|---|
| Product Description | Urea Ammonium Nitrate 32% (UAN FOB NOLA Swap) | ||||
| Symbols | UFU | ||||
| Venue | CME Clearport | ||||
| Contract Unit | 100 short tons | ||||
| Settlement Procedure | Daily Fertilizer Settlement Procedures (PDF) | ||||
| Price Quotation | U.S. Dollars per ton | ||||
| Minimum Fluctuation | $0.25 ($25 per contract) | ||||
| Trading Hours (All times listed are New York Time/ET) |
Clearport | SUN - FRI 18:00 - 17:15 with a 45 minute break each day beginning at 17:15 | |||
| Floating Price | The Floating price shall be based on the arithmetic average of midpoint price assessments published weekly by both ICIS and Profercy during the contract month. | ||||
| Termination of Trading | Last Thursday of the contract month or if that day is not a business day, on the preceding business day | ||||
| Contract Months | 12 consecutive calendar months | ||||
| Settlement Procedure | Financial | ||||
| Position Limits | Spot Month (in effect as of the open of trading on the last three trading days of the expiring contracts): 200 contracts All other months: 1,000 contracts See CBOT Position Limits |
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| Rulebook Chapter | 46 | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CBOT. | ||||