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UCOME Biodiesel (RED Compliant) FOB ARA (Argus) Futures Contract Specs

Contract Unit 100 metric tons
Price Quotation U.S. dollars and cents per metric ton
Trading Hours Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)
Minimum Price Fluctuation 0.001 per metric ton = $0.10
Product Code CME Globex: UCR
CME ClearPort: UCR
Clearing: UCR
Listed Contracts Monthly contracts listed for 18 consecutive months 
Settlement Method Financially Settled
Floating Price The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the bid and ask quotations from Argus Biofuels publication for UCOME under the heading "RED biodiesel" for "UCOME fob ARA range” for each business day that the Floating Price is determined during the contract month.
Termination Of Trading Trading terminates on the last London and U.S. business day of the contract month
Position Limits NYMEX Position Limits
Exchange Rulebook NYMEX 1265
Block Minimum Block Minimum Thresholds
Vendor Codes Quote Vendor Symbols Listing