| CBOT Denatured Fuel Ethanol Forward Month Futures | |||||
|---|---|---|---|---|---|
| Product Codes | Ticker: FZE Clearing: 71 |
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| Contract Size | 14,500 gallons (half of one futures contract) | ||||
| Tick Size (minimum fluctuation) | $0.0001 per gallon ($1.45 per contract) | ||||
| Price Quotation | Dollars and cents and hundredths of a cent per gallon. | ||||
| Contract Monts | For each listed Ethanol futures contract, a forward month futures is listed, with an expiration date one month prior to the corresponding Ethanol futures contract. I.e., if a March Ethanol futures contract is listed, then a February Ethanol forward month futures would also be listed. | ||||
| Trading Venue | CME Globex, CME ClearPort | ||||
| Clearing Hours | CME Globex: | Sunday - Friday 6:00 p.m. - 5:15 p.m. New York time/ET (5:00 p.m. - 4:15 p.m. Chicago Time/CT) with a 45-minute break each day beginning at 5:15 p.m. (4:15 p.m. CT) | |||
| CME Clearport | Sunday - Friday: 5:00 p.m. - 4:15 p.m. CT next day | ||||
| Daily Price Limits (maximum fluctuation) |
$0.30 per gallon ($8,700 per contract) above or below the previous day's settlement price. Limits are lifted on LTD. | ||||
| Settlement Procedure | Daily Ethanol Forward Month Futures Settlement Procedure (PDF) Final Ethanol Forward Month Futures Settlement Procedure (PDF) |
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| Last Clearing Date | The last business day of the contract month | ||||
| Rulebook Chapter | 16E | ||||
| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CBOT. | ||||