Dear CME^® Globex^® Customers,

Effective today, Monday, January 3, 2005, CME is listing two additional fertilizer futures contract months for CME Diammonium Phosphate (DP), CME Urea (UF) and CME Urea Ammonium Nitrate (UL) on CME Globex, for a total of five contract months for each product. The effect of these additional contract month listings on calendar spreads is detailed below.

NOTE: The listed futures calendar spreads increase to include all permutations of spread combinations with the increased number of futures contracts listed. See the ten calendar spread contract month permutations listed below; e.g., the M1-M2 is first contract month (M1) versus second contract month (M2), etc.:

 

Fertilizer Type	Previously		Effective January 3
	Futures	Spreads	Futures	Spreads
CME DP	3 contract months	3 spreads (M1-M2, M1-M3, and M2-M3)	5 contract months	10 spreads (M1-M2, M1-M3, M1-M4, M1-M5, M2-M3, M2-M4, M2-M5, M3-M4, M3-M5, and M4-M5)
CME UF	3 contract months	3 spreads (M1-M2, M1-M3, and M2-M3)	5 contract months	10 spreads (M1-M2, M1-M3, M1-M4, M1-M5, M2-M3, M2-M4, M2-M5, M3-M4, M3-M5, and M4-M5)
CME UL	3 contract months	3 spreads (M1-M2, M1-M3, and M2-M3)	5 contract months	10 spreads (M1-M2, M1-M3, M1-M4, M1-M5, M2-M3, M2-M4, M2-M5, M3-M4, M3-M5, and M4-M5)

 

If you have any questions regarding this notice, please contact your CME Globex Account Manager at 312.634.8700 in North America or 011-44-207-623-2550 in Europe.

Thank you.

CME
CME Globex Account Management
312.634.8700

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