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Urea (Granular) FOB US Gulf Swaps Contract Specs

Contract Unit 100 tons
Price Quotation U.S. dollars and cents per 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 ton = $25.00
Product Code CME ClearPort: UFN
Clearing: UFN
Listed Contracts Monthly contracts listed for 24 consecutive 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 Trading terminates on the last Thursday of the contract month. If that day is not a London business day, trading terminates on the prior business day with exception for December; see Rule 45106.
Settlement Procedures Fertilizer Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 45
Vendor Codes Quote Vendor Symbols Listing