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New York Harbor Ethanol Futures
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Description

Ethanol (Physical) futures are an outright ethanol contract between a buyer and a seller.
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New York Harbor Ethanol Futures
Code QEN, Clearing: QE
Venue CME Globex, CME ClearPort
Hours
(All Times are New York Time/ET)		 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 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)
Contract Unit 1,000 U.S. barrels
Pricing Quotation Prices are quoted in U.S. dollars and cents per gallon.
Minimum Fluctuation $0.0001 per gallon
Termination of Trading Trading terminates on the last business day of the month preceding the delivery month.
Listed Contracts Trading is conducted in 36 consecutive months.
Settlement Type Physical
Delivery Period Delivery may take place the day after the fifth business day of the delivery month through the last day prior to the last day of the delivery month.
Grade and Quality Specifications The denatured fuel ethanol delivered shall meet the requirements in the latest ASTM D4806 specification, and shall meet any state requirements at the time and place of delivery.
Position Limts NYMEX Position Limits
Rulebook Chapter 192
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of COMEX.