HVO FOB ARA Range (Class II) (Argus) Futures - Contract Specs
| Contract Unit | 100 metric tons |
|---|---|
| Price Quotation | U.S. dollars and cents per metric ton |
| Trading Hours | CME Globex: Sunday - Friday 5:00 p.m. - 4:00 p.m. with a 60-minute break each day beginning at 4:00 p.m. CME ClearPort: Sunday 5:00 p.m. - Friday 4:00 p.m. CT with no reporting Monday - Thursday from 4:00 p.m. – 5:00 p.m. CT |
| Minimum Price Fluctuation | 0.001 per metric ton = $0.10 |
| Product Code | CME Globex: HVO CME ClearPort: HVO Clearing: HVO |
| Listed Contracts | Monthly contracts listed for the current year and the next 3 calendar years. List monthly contracts for a new calendar year after the termination of trading in the December contract of the current year. |
| 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 the Argus Biofuels publication for “HVO Class II” under the heading "RED hydrotreated vegetable oil (HVO) fob ARA range” for each business day that the Floating Price is determined during the contract month. The final settlement price shall be rounded to the nearest $0.001. |
| Termination of Trading | Trading terminates on the last London and U.S. business day of the contract month |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Vendor Codes |
