HỢP ĐỒNG GẠO TƯƠNG LAI (RICE FUTURES)

Contract Unit

2,000 hundredweights (CWT) (~ 91 Metric Tons)

Price Quotation

Cents per hundredweight

Trading Hours

Sunday – Friday, 7:00 p.m. – 7:45 a.m. CT and 

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Minimum Price Fluctuation

1/2 cent per hundredweight ($10.00 per contract)

Product Code

CME Globex: ZR

CME ClearPort: 14

Clearing: 14

Listed Contracts

January (F), March (H), May (K), July (N), September (U) & November (X)

Settlement Method

Deliverable

Termination Of Trading

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

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.