|Rough Rice Futures|
Trading Unit: 2,000 cwt
Deliverable Grades: 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%.
Price Quote: Cents/cwt
Tick Size: 1/2 cent/cwt ($10/contract)
Daily Price Limit: 30 cents/cwt ($600/contract) above or below the previous day's settlement price (expandable to 45 cents/cwt). No limit in the spot month (limits are lifted two business days before the spot month begins).
Contract Months: September, November, January, March, May, and July.
Last Trading Day: Seventh business day preceding the last business day of the delivery month.
Last Delivery Day: Last business day of the delivery month.
Trading Hours: 9:15 a.m. - 1:30 p.m. Chicago time (GMT - 6 hours), Monday. - Friday. Trading in expiring contracts closes at noon on the last trading day.
Ticker Symbols: RR
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