Ethanol Futures - Contract Specs
| Contract Unit | 29,000 gallons |
|---|---|
| Price Quotation | U.S. dollars and cents per gallon |
| Trading Hours | CME Globex: Sunday 5:00 p.m. - Friday - 4:00 p.m. CT with a 60-minute break each day beginning at 4:00 p.m. CT 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 | 0.001 per gallon = $29.00 |
| Product Code | CME Globex: EH CME ClearPort: EH Clearing: EH |
| Listed Contracts | Monthly contracts listed for 36 consecutive months |
| Settlement Method | Deliverable |
| Termination of Trading | Trading terminates on 3rd business day of the contract month. |
| Settlement Procedures | |
| Position Limits | |
| Exchange Rulebook | |
| Block Minimum | |
| Price Limit or Circuit | $0.30 per gallon ($8,700 per contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on first position day). |
| Vendor Codes | |
| Last Delivery Date | The second business day following the LTD of the delivery month |
| Grade and Quality | Denatured Fuel Ethanol ASTM D4806 + California Standards |
