Contract Unit 1 futures contract for 2,000 hundredweight (cwt.)
Minimum Price Fluctuation 1/4 of one cent per hundredweight = $5.00
Trading Hours CME Globex: Sunday – Thursday, 7:00 p.m. – 9:00 p.m. CT and
Monday – Friday, 8:30 a.m. – 1:20 p.m. CT
Open Outcry: Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close
CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. – 6:00 p.m. CT
Product Code CME Globex: OZR
CME ClearPort: 14
Open Outcry: Put: RRP Call: RRC
Clearing: 14
Listed Contracts Monthly contracts listed for 2 consecutive months, 1 month of Mar and 2 months of May, Jul, Sep, Nov and Jan
Termination Of Trading Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 17A
Block Minimum Block Minimum Thresholds
Price Limit Or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 20 cents per hundredweight. More details on strike price intervals are outlined in Rule 17A01.E.
Exercise Style The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.
Settlement Method Deliverable
Underlying Rough Rice Futures