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Ethanol T2 FOB Rdam Including Duty (Argus) Futures Contract Specs

Ethanol T2 FOB Rdam Including Duty (Argus) Futures
Product Symbol YE
Venue CME Globex, CME ClearPort and Open Outcry (New York)
Hours
(All Times are New York Time/ET)
CME Globex: Sunday - Friday 6:00 p.m. - 5:15 p.m. (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 6:00 p.m. - 5:15 p.m. (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)
Open Outcry: Monday – Friday 9:00 AM to 2:30 PM (8:00 AM to 1:30 PM CT)
Contract Unit 100 cubic metres
Price Quotation Euros per cubic metre
Minimum Fluctuation €0.001 per cubic metre
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the bid and ask quotations from Argus Biofuels publication for Ethanol under the heading "Ethanol fob Rotterdam inc duty, €/m3", for each business day that the Floating Price is determined during the contract month.
Termination of Trading Last business day in month.
Listed Contracts CME ClearPort and Open Outcry: Nearst 24 calendar months
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 210
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.