Table 3 details quality specifications for the most commonly traded agricultural products in the Plains states. Most of these contracts are settled for cash, while a few have the option of physical delivery. Readers should check with a broker or look at commodity exchange Web sites regularly for information on settlement mechanisms and changes in futures contract specifications. Last business day of the month at noon. Tenth business day of the delivery month.
Trading closes an hour early on the last day of trading.
Limit does not apply on the last two days of the delivery month. Trading closes at noon on the last day of trading. Limit is lifted two business days before the delivery month begins. No limit during the delivery month. No limit on or after the first notice day of the delivery month.