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Urea (Granular) FOB US Gulf Futures Contract Specs

Contract Unit 100 tons
Price Quotation U.S. dollars and cents per 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 ton = $25.00
Product Code CME Globex: UFV
CME ClearPort: UFV
Clearing: UFV
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 business day.
Dec contract month: Trading terminates on the Thursday immediately preceding but excluding, December 26th. If this is not a U.S. or London business day, trading terminates on the prior business day.
Settlement Procedures Fertilizer Settlement Procedures
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 41
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits