Spotlight: How Trade Wars May Affect Ags Markets

Trade War Repercussions for U.S. Agriculture

The rest of the world, from China to Europe to Canada and Mexico, responds to U.S. tariffs with tit-for-tat increases on U.S. exports.

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USD Malaysian Palm Olein Calendar Swaps Contract Specs

Contract Unit 25 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.
Minimum Price Fluctuation USD $0.25 per metric ton
Product Code CME ClearPort: OPS
Clearing: OPS
Listed Contracts 23 consecutive months
Settlement Method Financially Settled
Termination Of Trading The final settlement day will be on the last business day of the swap contract month.  However, should there be a Thomson Reuters Malaysia RBD Palmolein assessment during the swap contract month that follows the last CME business day of the swap contract month, then final settlement will be on the first CME business day of the month following the swap contract month.
Exchange Rulebook CME 204B
Price Limit Or Circuit There shall be no trading in U.S. dollar cash settled crude palm oil futures at a price more than 10% above or below the previous day’s settlement price, unless the FCPO contract is trading at expanded limits. If this were to be the case, the U.S. dollar cash settled crude palm oil contract would trade at the expanded limits.
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