CME Group Rough Rice

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Rough Rice Futures
Contract Unit 2,000 hundredweights (CWT) (~ 91 Metric Tons)
Price Quotation Cents per hundredweight
Trading Hours CME Globex: Monday - Friday: 8:30 a.m. - 1:20 p.m. CT

Pre-Open: Monday - Friday: 8:00 a.m. - 8:30 a.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 1/2 cent per hundredweight = $10.00
Product Code CME Globex: ZR

CME ClearPort: 14

Clearing: 14

Listed Contracts 7 monthly contracts of Jan, Mar, May, Jul, Sep and Nov
Settlement Method Deliverable
Termination of Trading Trading terminates on the business day prior to the 15th calendar day of the contract month.
Settlement Procedures Rough Rice Settlement Procedures
Position Limts CBOT Position Limits
Exchange Rulebook CBOT 17
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Last Delivery Date Seventh business day following the last trading day of the month.
Grade and Quaity U.S. No. 2 or better long grain rough rice with a total milling yield of not less than 65% including head rice of not less than 48%. Premiums and discounts are provided for each percent of head rice over or below 55%, and for each percent of broken rice over or below 15%. No heat-damaged kernels are permitted in a 500-gram sample and no stained kernels are permitted in a 500-gram sample. A maximum of 75 lightly discolored kernels are permitted in a 500-gram sample.
Rough Rice Options
Contract Unit One Rough Rice futures contract of 2,000 hundredweight (cwt.)
Minimum Price Fluctuation 1/4 of one cent per hundredweight = $5.00
Trading Hours CME Globex: Sunday – Thursday, 7:00 p.m. – 9:00 p.m. CT and

Monday – Friday, 8:30 a.m. – 1:20 p.m. CT

Open Outcry: Monday – Friday, 8:30 a.m. – 1:15 p.m. CT with Post session until 1:20 p.m. CT immediately following the close
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
Product Code CME Globex: OZR

CME ClearPort: 14

Open Outcry: Put: RRP Call: RRC

Clearing: 14

Listed Contracts Monthly contracts listed for 2 consecutive months, 1 month of Mar and 2 months of May, Jul, Sep, Nov and Jan
Termination of Trading Trading terminates on the last Friday which precedes by at least two business days the last business day of the month prior to the contract month.
Position Limits CBOT Position Limits
Exchange Rulebook CBOT 17A
Block Minimum Block Minimum Thresholds
Price Limit or Circuit Price Limits
Vendor Codes Quote Vendor Symbols Listing
Strike Price Listing Procedures 20 cents per hundredweight. More details on strike price intervals are outlined in Rule 17A01.E.
Exercise Style The buyer of a futures option may exercise the option on any business day prior to expiration by giving notice to the Clearing House by 5:30 p.m. Chicago time. Option exercise results in an underlying futures market position. Options in-the-money on the last day of trading are automatically exercised.
Settlement Method Deliverable
Underlying Rough Rice Futures

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