| Product Code |
Ticker: ZE
Clearing: EH |
| Contract Size |
29,000 gallons (approximately one railcar) |
| Deliverable Grades |
Denatured Fuel Ethanol ASTM D4806 + California Standards |
Tick Size
(minimum fluctuation) |
$0.001 per gallon ($1.827 to $1.828 = $29.00 per contract) |
| Contract Months |
All calendar months |
| Trading Venue |
CME Globex |
Trading Hours
(All times are listed in Central Time) |
Sunday: 6:00 p.m. - 7:15 a.m. Central Time, next day
Monday - Friday: 6:00 p.m. previous day - 7:15 a.m. and 9:30 a.m. - 1:15 p.m. Central Time
Note: Expiring contract closes at 12:00 noon on LTD. |
Daily Price Limits
(maximum fluctuation) |
$0.30 per gallon ($8,700 per contract) above or below the previous day's settlement price.
No limit in the spot month (limits are lifted beginning on first position day). |
| Final Settlement Procedure |
Physical delivery |
| Last Trading Date (LTD) |
The third business day of the delivery month |
| Last Delivery Date |
The second business day following the LTD of the delivery month |
| Rulebook Chapter |
16 |
| Exchange Rule |
These contracts are listed with, and subject to, the rules and regulations of CBOT. |
