Contract Specifications:BO,CBOT | Trading Unit: | 60,000 lbs | | Tick Size: | 1/100 cent ($0.0001)/lb ($6/contract) | | Quoted Units: | US $ per pound | | Initial Margin: | $2,295 Maint Margin: $1,700 | | Contract Months: | Jan, Mar, May, Jul, Aug, Sep, Oct, Dec, | | First Notice Day: | Last business day of month preceding contract month. | | Last Trading Day: | The business day prior to the 15th calendar day of the contract 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.
Overnight session hours are from 8:30 p.m. - 6:00 a.m. Chicago time, Sun-Fri | | Daily Limit: | 2 cents per pound ($1,200/contract), none for spot month | |