NONFAT DRY MILK FUTURES - CONTRACT SPECS
| Contract Unit | 44,000 lbs. of Nonfat Dry Milk ( ˜20 metric tons) | ||||
| Price Quotation | Nonfat Dry Milk Cents per pound |
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| Trading Hours | CME Globex: | Sundays at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m. | CME ClearPort: | Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT | |
| Minimum Price Fluctuation | $0.00025 per pound (= $11.00 per contract) | ||||
| Product Code | CME Globex: GNFCME ClearPort: NFClearing: NF | ||||
| Listed Contracts | 24 Calendar Months | ||||
| Settlement Method | Financially Settled | ||||
| Termination Of Trading | Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Nonfat Dry Milk price for that contract month. (LTD 12:10 p.m.) | ||||
| Settlement Procedures | NonFat Dry Milk Settlement Procedures | ||||
| Position Limits | CME Position Limits | ||||
| Exchange Rulebook | CME 54 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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