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SME Biodiesel FOB Rdam (Argus) Futures Contract Specs

SME Biodiesel FOB Rdam (Argus) Futures
Product Symbol 24
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 metric tons
Price Quotation U.S. dollars and cents per metric ton
Minimum Fluctuation $0.001 per metric ton
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 SME under the heading “Soya OME fob Rotterdam” for each business day that the Floating Price is determined during the contract month.
Termination of Trading Trading in a current contract month shall cease on the last business day of the contract month
Listed Contracts CME Globex: 1 month
CME ClearPort and Open Outcry: 24 consecutive months
Settlement Type Financial
Position Limits NYMEX Position Limits
Rulebook Chapter 504
Exchange Rule These contracts are listed with, and subject to, the rules and regulations of NYMEX.