Urea (Granular) FOB Egypt Futures Contract Specs
| Contract Unit | 100 metric tons | ||||
| Price Quotation | U.S. dollars and cents per metric ton | ||||
| Trading Hours | Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT | ||||
| Minimum Price Fluctuation | 0.25 per metric ton = $25.00 | ||||
| Product Code | CME Globex: UFECME ClearPort: UFEClearing: UFE | ||||
| Listed Contracts | Monthly contracts listed for 12 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 |
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 Procedures | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 42 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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