Contract Specifications:RR,CBOT | Trading Unit: | 2,000 cwt | | Tick Size: | 1/2 cent/cwt ($10/contract) | | Quoted Units: | US $ per hundredweight | | Initial Margin: | $3,105 Maint Margin: $2,300 | | Contract Months: | Jan, Mar, May, Jul, Sep, Nov | | First Notice Day: | Last business day of month preceding contract month. | | Last Trading Day: | Seventh business day preceding the last business day of the delivery month. | | Trading Hours: | 9:30 a.m. - 1:15 p.m. Chicago time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day | | Daily Limit: | +- 50 cents/cwt ($1,000/contract), spot month none | |