CME Group Rough Rice

Rough Rice Futures 	Rough Rice Futures 	Rough Rice Futures
Contract Unit 	2,000 hundredweights (CWT) (~ 91 Metric Tons) 	2,000 hundredweights (CWT) (~ 91 Metric Tons)
Price Quotation 	Cents per hundredweight 	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
Trading Hours 	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 	1/2 cent per hundredweight = $10.00
Product Code 	CME Globex: ZR
CME ClearPort: 14
Clearing: 14 	CME Globex: ZR
CME ClearPort: 14
Clearing: 14
Listed Contracts 	7 monthly contracts of Jan, Mar, May, Jul, Sep and Nov 	7 monthly contracts of Jan, Mar, May, Jul, Sep and Nov
Settlement Method 	Deliverable 	Deliverable
Termination of Trading 	Trading terminates on the business day prior to the 15th calendar day of the contract month. 	Trading terminates on the business day prior to the 15th calendar day of the contract month.
Settlement Procedures 	Rough Rice Settlement Procedures 	Rough Rice Settlement Procedures
Position Limts 	CBOT Position Limits 	CBOT Position Limits
Exchange Rulebook 	CBOT 17 	CBOT 17
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Last Delivery Date 	Seventh business day following the last trading day of the month. 	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.	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 	Rough Rice Options 	Rough Rice Options
Contract Unit 	One Rough Rice futures contract of 2,000 hundredweight (cwt.) 	One Rough Rice futures contract of 2,000 hundredweight (cwt.)
Minimum Price Fluctuation 	1/4 of one cent per hundredweight = $5.00 	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
Trading Hours 	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
Trading Hours 	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 	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 	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. 	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 	CBOT Position Limits
Exchange Rulebook 	CBOT 17A 	CBOT 17A
Block Minimum 	Block Minimum Thresholds 	Block Minimum Thresholds
Price Limit or Circuit 	Price Limits 	Price Limits
Vendor Codes 	Quote Vendor Symbols Listing 	Quote Vendor Symbols Listing
Strike Price Listing Procedures	20 cents per hundredweight. More details on strike price intervals are outlined in Rule 17A01.E. 	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.	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 	Deliverable
Underlying 	Rough Rice Futures 	Rough Rice Futures
== Notes ==
== Resources ==
*CME Group Rough Rice Contract Specifications
*Rough Rice Settlement Procedures
*CBOT Position Limits
*CBOT 17
*Block Minimum Thresholds
*Price Limits
*Quote Vendor Symbols Listing
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