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Rough Rice Futures Contract Specs

Contract Unit 2,000 hundredweights (CWT) (~ 91 Metric Tons)
Price Quotation Cents per hundredweight
Trading Hours Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Minimum Price Fluctuation 1/2 cent per hundredweight ($10.00 per contract)
Product Code CME Globex: ZR
CME ClearPort: 14
Clearing: 14
Listed Contracts January (F), March (H), May (K), July (N), September (U) & November (X)
Settlement Method Deliverable
Termination Of Trading The business day prior to the 15th calendar day of the contract month.
Settlement Procedures Rough Rice Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 17
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Last Delivery Date Seventh business day following the last trading day of the month.
Grade And Quality U.S. No. 2 or better long grain rough rice with a total milling yield of not less than 65% including head rice of not less than 48%. Premiums and discounts are provided for each percent of head rice over or below 55%, and for each percent of broken rice over or below 15%. No heat-damaged kernels are permitted in a 500-gram sample and no stained kernels are permitted in a 500-gram sample.  A maximum of 75 lightly discolored kernels are permitted in a 500-gram sample.