| Contract Size |
44,000 lbs. of Nonfat Dry Milk ( ˜20 metric tons) |
| Product Description |
Dry Whey |
| Pricing Unit |
Cents per pound |
| Tick Size (minimum fluctuation) |
$0.00025 per pound (= $11.00 per contract) |
| Daily Price Limits |
$0.04 per pound above or below the previous day's settlement price,
expandable to $0.06. No limits in the last 5 days of trading. See CME Rule: 5702.D |
Trading Hours
(All times listed are Central Time) |
GLOBEX (Electronic Platform)
Mondays at 9:05 a.m. through Friday at 1:55 p.m. with
daily trading halts from 4:00 p.m. to 5:00 p.m.
|
Last Trade Date/Time
View Calendar |
Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Dry Whey price for that contract month. (LTD 12:10 p.m.) |
Contract Months
View Listings |
All Calendar Months |
| Settlement Procedure |
Cash Settlement. See CME Rule 5703.A |
| Position Limits |
Non-Spot: 1,000 contracts in any contract month
Spot: 200 contracts
All months combined: n/a
See CME Rule: 5702.E |
| Ticker Symbol |
View product and vendor codes |
| Rulebook Chapter |
57 |
