Black Sea Corn Financially Settled (Platts) Futures Contract Specs
| Contract Unit | 50 metric tons | ||||
| Price Quotation | U.S. dollars and cents per metric ton | ||||
| Trading Hours | CME Globex: | Sunday - Friday 7:00 p.m. – 1:20 p.m. (8:00 p.m. - 2:20 p.m. ET) | CME ClearPort: | 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: BCFCME ClearPort: BCFClearing: 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 | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
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