| Contract Size |
|
2,000 hundredweight (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%. 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. |
| Tick Size |
|
1/2 cent/hundredweight ($10/contract) |
| Price Quote |
|
Cents/hundredweight |
| Contract Months |
| 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. |
| Trading Hours |
| 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. |
| Ticker Symbols |
| Open Auction: RR Electronic: ZR |
| 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). |
| Margin Information |
| Find information on margins requirements for the Rough Rice Futures. |