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Urea FOB Egypt Swaps Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. Dollars per ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. Chicago Time/CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation $0.25 ($25 per contract)
Product Code CME ClearPort: UFG
Clearing: UFG
Listed Contracts 12 consecutive calendar months
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 Last Thursday of the contract month or if that day is not a business day, on the preceding business day with exception for December-see Rule 50106.
Settlement Procedures Fertilizer Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 50
Vendor Codes Quote Vendor Symbols Listing