| CBOT Denatured Fuel Ethanol Futures | |||||
|---|---|---|---|---|---|
| Product Code | Ticker: EH Clearing: EH |
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| 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) |
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) | |||
| 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). |
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| Settlement Procedure | Daily Ethanol Settlement Procedure (PDF) Final Ethanol Settlement Procedure (PDF) |
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| 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 CME. | ||||