Asset Class Navigation

Ethanol Futures Contract Specs

Contract Unit 29,000 gallons (approximately one railcar)
Trading Hours CME Globex: Sunday - Friday 6.00 p.m. - 5:15 p.m. (5.00 pm. - 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) Trade is Flow per day or Flow per month.
CME ClearPort: Sunday - Friday 6.00 p.m. - 5:15 p.m. (5.00 pm. - 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) Trade is Flow per day or Flow per month.
Open Outcry: Monday - Friday 9:00 a.m. - 2:30 p.m. (8:00 a.m. - 1.30 p.m. CT)
Minimum Price Fluctuation $0.001 per gallon ($1.827 to $1.828 = $29.00 per contract)
Product Code CME Globex: EH
CME ClearPort: EH
Clearing: EH
Listed Contracts CME Globex: 36 consecutive months
CME ClearPort: 36 consecutive months
Default 36 consecutive months
Settlement Method Deliverable
Termination Of Trading The third business day of the delivery month
Settlement Procedures Physical delivery

Ethanol Futures Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 16
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit $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).
Vendor Codes Quote Vendor Symbols Listing
Last Delivery Date The second business day following the LTD of the delivery month
Grade And Quality Denatured Fuel Ethanol ASTM D4806 + California Standards