Asset Class Navigation

Urea (Granular) FOB Middle East 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
Product Code CME Globex: UME
CME ClearPort: UME
Clearing: UME
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 contracts: Trading terminates on the last Thursday of the contract month. If this is not an exchange business day or London (UK) business day, trading terminates on the preceding exchange business day.
December contracts: Trading terminates on the Thursday immediately preceding, but excluding, December 26. If this day is not an exchange business day or London (UK) business day, trading terminates on the preceding exchange business day.
Settlement Procedures Fertilizer Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 44
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing