Contract Specifications:PB,CME | Trading Unit: | 40,000 pounds | | Tick Size: | 2.5¢/cwt. = $10.00 | | Quoted Units: | US $ per pound | | Initial Margin: | $1,620 Maint Margin: $1,200 | | Contract Months: | Feb, Mar, May, Jul, Aug | | First Notice Day: | Sixth business day of contract month. | | Last Trading Day: | The business day prior to the last three business days of the contract month. | | Trading Hours: | 9:05 a.m. - 1:00 p.m. Chicago time, Mon-Fri.
Trading in expiring contracts closes at 12:00 p.m. on the last trading day. | | Daily Limit: | $.020 or $.030 or $.045/lb. expandable limits | |