UAN FOB NOLA SWAPS - CONTRACT SPECS
| Contract Unit | 100 short tons | ||||
| Price Quotation | U.S. dollars per short ton | ||||
| Trading Hours | Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT) | ||||
| Minimum Price Fluctuation | 0.25 per shoort ton = $25.00 | ||||
| Product Code | CME ClearPort: UFUClearing: UFU | ||||
| Listed Contracts | Monthly contracts listed through and including March 2021. | ||||
| Settlement Method | Financially Settled | ||||
| Floating Price | The Floating price shall be based on the arithmetic average of midpoint price assessments published weekly by both ICIS and Profercy during the contract month. | ||||
| Termination Of Trading |
Jan-Nov contract months: Trading terminates on the last Thursday of the contract month. If this is not a U.S. or London business day, trading terminates on the prior U.S. and London business day. Dec contract month: Trading terminates on the Thursday prior to December 26th. If this is not a U.S. or London business day, trading terminates on the prior U.S. and London business day. |
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| Settlement Procedures | Fertilizer Settlement Procedure | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 46 | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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