| Crude Palm Oil Futures | |||||
|---|---|---|---|---|---|
| Contract Size | 25 Metric Tons | ||||
| Underlying Instrument | Bursa Malaysia Derivatives Berhad Crude Palm Oil Futures (FCPO) | ||||
| Pricing Unit | U.S. dollars and cents per metric ton | ||||
| Tick Size (minimum fluctuation) | USD $0.25 per metric ton ($6.25 per contract) | ||||
| Contract Months/Symbols | Monthly (list the third, fourth and fifth forward months) then alternate months going out 24 months | ||||
| Trading Hours | CME Globex (Electronic Platform) | 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 | ||||
| Daily Price Limit | There shall be no trading in U.S. dollar cash settled crude palm oil futures at a price more than 10% above or below the previous day’s settlement price, unless the FCPO contract is trading at expanded limits. If this were to be the case, the U.S. dollar cash settled crude palm oil contract would trade at the expanded limits. | ||||
| Settlement Procedure | Daily Crude Palm Oil Futures Settlement Procedure (PDF) Final Crude Palm Oil Futures Settlement Procedure (PDF) |
||||
| Last Trade Date | Noon on the 15th calendar day two months prior to becoming the delivery month. For example, the December 2010 contract would expire at noon on October 15, 2010. If the 15th is a non-market day, the contract will settle on the preceding business day. | ||||
| Product Ticker Symbols | CME Globex (Electronic Platform) | CPO | |||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. | ||||