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Ethanol T1 FOB Rdam Excluding Duty (Platts) Futures Contract Specs

Ethanol T1 FOB Rdam Excluding Duty (Platts) Futures
Product Symbol 2M
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 Size 100 cubic meters
Price Quotation U.S.Dollars and Cents per cubic meter
Minimum Fluctuation $0.001 per cubic meter
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the
high and low quotations from Platts European Marketscan for Ethanol under the "Ethanol fob
Rotterdam ex duty" assessment for each business day that it is determined during the contract
month.
Termination of Trading Trading terminates on the last business day of the contract month. 
Listed Contracts CME ClearPort and Open Outcry: Trading is conducted in 36 consecutive months.
CME Globex: 1 month
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 193
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.