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Black Sea Corn Financially Settled (Platts) Futures Contract Specs

    Please note the SER regarding an increase in BCF spot position limits commencing with the March 2019 contract month.

Contract Unit 50 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 5:00 p.m. - 4:00 p.m. (6:00 p.m. - 5:00 p.m. ET) with a 60-minute break each day beginning at 4:00 p.m. (5:00 p.m. ET)
Minimum Price Fluctuation 0.25 per metric ton = $12.50
Product Code CME Globex: BCF
CME ClearPort: BCF
Clearing: BCF
Listed Contracts Monthly contracts listed for 15 consecutive months.
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month shall be equal to the arithmetic average of the “FOB Black Sea corn (Ukraine)” price assessment published by Platts for each day that it is determined during the contract month. The Floating Price shall be rounded to the nearest $0.01.
Termination Of Trading Trading terminates on the last business day of the contract month which is also a Platts publication date for the price assessment.
Position Limits CBOT Position Limit
Exchange Rulebook CBOT 10C
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing