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NY Ethanol (Platts) Futures Contract Specs

Contract Unit 42,000 gallons
Price Quotation U.S. dollars and cents per gallon.
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 $0.0001 per gallon
Product Code Clearing: EZ
Listed Contracts Every month for 36 consecutive months
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Platts for New York Ethanol (Barge) for each business day that it is determined during the contract month.
Position Limits NYMEX Position Limits
Exchange Rulebook 583