2,000 hundredweight (cwt.)
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.
1/2 cent/hundredweight ($10/contract)
Sep, Nov, Jan, Mar, May, Jul
Last Trading Day
Business day prior to the 15th calendar day of the delivery month .
Last Delivery Day
Seventh business day following the last trading day of the month.
Electronic: 6:00 p.m. - 6:00 a.m. and 9:30 a.m. - 1:15 p.m. Central Time, Sun.-Fri.
Open Auction: 9:30 a.m. - 1:15 p.m. Central Time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
Open Auction: RR
Daily Price Limit
Fifty cents ($0.50) per hundredweight ($1,000/contract) above or below the previous day's settlement price. No limit in the spot month (limits are lifted beginning on First Position Day).
Find information on margins requirements for the Rough Rice Futures.
An Introduction to Trading