|Contract Unit||5,000 bushels (~ 127 Metric Tons)|
|Price Quotation||Cents per bushel|
|Trading Hours||CME Globex:||Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:15 p.m. CT
|Open Outcry: (Trading Floor)||Monday – Friday, 8:30 a.m. – 1:15 p.m. CT|
|Minimum Price Fluctuation||1/4 of one cent per bushel ($12.50 per contract)|
|Product Code||CME Globex: ZCCME ClearPort: COpen Outcry: CClearing: CTAS: ZCT|
|Listed Contracts||March (H), May (K), July (N), September (U) & December (Z)|
|Termination Of Trading||The business day prior to the 15th calendar day of the contract month.|
|Trade At Marker Or Trade At Settlement Rules||Trading at settlement is available for first 3 listed futures contracts, nearby new-crop December contract (if not part of the first 3 outrights), first to second month calendar spread, second to third month calendar spread, and nearest Jul-Dec spread when available (when July is listed); and are subject to the existing TAS rules. The Last Trade Date for CBOT Grain and Oilseed TAS products will be the First Position Day (FPD) of the front-month contract (FPD is the second to last business day in the month prior to the nearby contract month).
Trading in all CBOT Grain TAS products will be 19:00-07:45 and 08:30-13:15 Chicago time. All resting TAS orders at 07:45 will remain in the book for the 08:30 opening, unless cancelled.
TAS products will trade a total of four ticks above and below the settlement price in ticks of the corresponding futures contract (0.0025), off of a "Base Price" of 0 to create a differential (plus or minus 4 ticks) versus settlement in the underlying product on a 1 to 1 basis. A trade done at the Base Price of 0 will correspond to a "traditional" TAS trade which will clear exactly at the final settlement price of the day.
|Settlement Procedures||Corn Settlement Procedures|
|Position Limits||CBOT Position Limits|
|Exchange Rulebook||CBOT 10|
|Price Limit Or Circuit||Price Limits|
|Vendor Codes||Quote Vendor Symbols Listing|
|Last Delivery Date||Second business day following the last trading day of the delivery month.|
|Grade And Quality||#2 Yellow at contract Price, #1 Yellow at a 1.5 cent/bushel premium #3 Yellow at a 1.5 cent/bushel discount|