ROUGH RICE FUTURES - CONTRACT SPECS
| Contract Unit | 2,000 hundredweights (cwt) (~ 91 Metric Tons) | ||||
| Price Quotation | Cents per hundredweight | ||||
| Trading Hours | CME Globex: | Monday - Friday: 8:30 a.m. - 1:20 p.m. CT Pre-Open: Monday - Friday: 8:00 a.m. - 8:30 a.m. CT |
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 | |
| Minimum Price Fluctuation | 1/2 cent per hundredweight (0.005) = $10.00 | ||||
| Product Code | CME Globex: ZRCME ClearPort: 14Clearing: 14 | ||||
| Listed Contracts | 7 monthly contracts of Jan, Mar, May, Jul, Sep and Nov | ||||
| Settlement Method | Deliverable | ||||
| Termination Of Trading | Trading terminates on the business day prior to the 15th calendar day of the contract month. | ||||
| Settlement Procedures | Rough Rice Settlement Procedures | ||||
| Position Limits | CBOT Position Limits | ||||
| Exchange Rulebook | CBOT 17 | ||||
| Block Minimum | Block Minimum Thresholds | ||||
| Price Limit Or Circuit | Price Limits | ||||
| Vendor Codes | Quote Vendor Symbols Listing | ||||
| Last Delivery Date | Seventh business day following the last trading day of the month. | ||||
| Grade And Quality | U.S. No. 2 or better long grain rough rice with a total milling yield of not less than 65% including head rice of not less than 48%. Premiums and discounts are provided for each percent of head rice over or below 55%, and for each percent of broken rice over or below 15%. No heat-damaged kernels are permitted in a 500-gram sample and no stained kernels are permitted in a 500-gram sample. A maximum of 75 lightly discolored kernels are permitted in a 500-gram sample. | ||||
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