| Underlying Contract |
One Nonfat Dry Milk contract |
| Pricing Unit |
Cents per per pound |
| Tick Size (minimum fluctuation) |
Full Tick: $0.00025 per pound (= $11.00 per contract)
Half Tick: $0.000125 per pound (= $5.50 per contract) |
| Daily Price Limits |
None |
Trading Hours
(All times listed are Central Time) |
CME Globex (Electronic Platform) |
Sunday at 5:00 p.m. through Friday at 1:55 p.m. with
daily trading halts from 4:00 p.m. to 5:00 p.m. Central Time |
| Open Outcry (Trading Floor) |
MON-FRI: 9:05 a.m. - 1:12 p.m. (LTD 12:10 p.m.) Central Time.
|
Last Trade Date/Time
View Calendar |
Trading shall terminate on the business day immediately preceding the day on which the USDA
announces the Nonfat Dry Milk price for that contract month. (LTD 12:10 p.m.) |
Contract Months
View Listings |
All Calendar Months |
| Strike Price Intervals |
All Contract Months: $0.02 intervals, nearest month $0.01 intervals
See CME Rule 54A01.E |
| Exercise Procedure |
American Style See CME Rule 54A02 |
| Position Limits |
Non-spot: 1,000 futures-equivalent contracts in any contract month
Spot: 100 futures-equivelant contracts
All months combined: n/a
See CME Rule 54A01.F. |
Ticker Symbol
View Product Codes
View Vendor Codes |
CME Globex (Electronic Platform) |
GNF
NF = Clearing |
| Open Outcry (Trading Floor) |
NF |
| Rulebook Chapter |
54A |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CME. |
