Nonfat Dry Milk
Futures and Options
Nonfat Dry Milk Futures - Contract Specs
| Contract Unit | 44,000 pounds (˜20 metric tons) |
|---|---|
| Price Quotation | U.S. cents per pound |
| Trading Hours | CME Globex: Sundays at 5:00 p.m. through Friday at 1:55 p.m. with daily trading halts from 4:00 p.m. to 5:00 p.m. CME ClearPort: Sunday 5:00 p.m. - Friday 5:45 p.m. CT with no reporting Monday - Thursday from 5:45 p.m. - 6:00 p.m. CT |
| Minimum Price Fluctuation | 0.00025 per pound = $11.00 |
| Product Code | CME Globex: GNF CME ClearPort: NF Clearing: NF |
| Listed Contracts | Monthly contracts listed for 24 consecutive months |
| Settlement Method | Financially Settled |
| Termination of Trading | Trading terminates at 12:10 p.m. CT on the business day prior to the USDA announcement of the weighted average price for nonfat Dry Milk. |
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