CME NYMEX: UCR UCOME Biodiesel (RED Compliant) FOB ARA (Argus) Futures prices chart

UCOME Biodiesel (RED Compliant) FOB ARA (Argus) Futures (CME NYMEX: UCR) Contract Specifications

Product Code: CME Globex: UCR, CME ClearPort: UCR, Clearing: UCR

Contract Unit: 100 metric tons

Price Quotation: U.S. dollars and cents per metric ton
Minimum Price Fluctuation: 0.001 per metric ton = $0.10
Settlement Method: Financially Settled

Listed Contracts: Monthly contracts listed for 18 consecutive months

Floating Price: The Floating Price for each contract month is equal to the arithmetic average of the mid-point of the bid and ask quotations from Argus Biofuels publication for UCOME under the heading "RED biodiesel" for "UCOME fob ARA range” for each business day that the Floating Price is determined during the contract month.

Termination of Trading: Trading terminates on the last London and U.S. business day of the contract month

Trading Hours: Sunday - Friday 6:00 p.m. - 5:00 p.m. (5:00 p.m. - 4:00 p.m. CT) with a 60-minute break each day beginning at 5:00 p.m. (4:00 p.m. CT)