Gulf Coast UCO (Argus) (60,000 lb) Futures - Contract Specs
| Contract Unit | 60,000 pounds |
|---|---|
| Price Quotation | U.S. cents per pound |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT CME ClearPort: CME ClearPort:Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday 4:00 p.m. - 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.01 cents per pound = $6.00 |
| Product Code | CME Globex: LBU CME ClearPort: LBU Clearing: LBU |
| Listed Contracts | Monthly contracts listed for 12 consecutive months |
| Settlement Method | Financially Settled |
| Floating Price | The Floating Price for each contract month is equal to the arithmetic average of the high and low quotations from Argus Media for “UCO (used cooking oil) del U.S. Gulf coast USC/lb” for each business day that it is determined during the contract month. |
| Termination of Trading | Trading terminates on the last business day of the contract month. |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
