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Urea (Granular) FOB US Gulf Swaps Contract Specs

Contract Unit 100 short tons
Price Quotation U.S. Dollars per ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.25 ($25 per contract)
Product Code CME ClearPort: UFN
Clearing: UFN
Listed Contracts Monthly contracts listed for 24 consecutive months
Settlement Method Financially Settled
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 with exception for December –se Rule 45106.
Settlement Procedures Fertilizer Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 45
Vendor Codes Quote Vendor Symbols Listing