QUOTE AND NEWS
Mondo Visione  Dec 21  Comment 
On 19th December, the European Energy Exchange (EEX) set a new daily record in Phelix-DE Futures, achieving a total of 10.8 TWh, which is 62% above the previous record (6.7 TWh on 12th December 2017). In terms of the overall power derivatives...
Financial Times  Nov 3  Comment 
Underlying supply-demand dynamic will support the commodity despite recent fall
Clusterstock  Oct 30  Comment 
European butter price up around 50% so far this year. Supply hit by a poor harvest and falling exports globally, while demand from markets like China rising. France particularly badly hit, with shortages reported. LONDON – The price of...
Agrimoney.com  Oct 26  Comment 
European Commission data show butter prices at a three-month low, while futures values enter bear market territory
Agrimoney.com  Oct 4  Comment 
EU butter futures take to 15% their drop from highs. New Zealand whole milk powder futures tumble too. But not all commentators are downbeat
Agrimoney.com  Sep 29  Comment 
The European Commission flags the prospect of record butter prices driving consumers to alternatives. Skim milk powder values will dip too
Agrimoney.com  Sep 5  Comment 
... with GlobalDairyTrade butter prices rising, to stem their discount to EU values. But a whole milk powder battle remains live
Agrimoney.com  Aug 31  Comment 
GlobalDairyTrade will be closely watched for signals on whole milk powder, and on butter prices which in the UK are cheaper at stores than wholesalers
Agrimoney.com  Aug 25  Comment 
Arla boss Peder Tuborgh sees a shake-up, if the rally continues which has, for the first time, made dairy fats more expensive than protein
Agrimoney.com  Aug 9  Comment 
Why have butter prices hit record highs? EU dairy policy is part of the answer. But so is the story of break dancing, mullets and power dressing




 

Butter futures are traded on the Chicago Mercantile Exchange under ticker symbol DB in cents per pound. Unlike many other commodities on the Chicago Mercantile Exchange, butter futures contracts are not traded electronically.[1]

The chart at the left shows front-month butter futures prices traded on the Chicago Mercantile Exchange under ticker symbol DB in U.S. cents per pound.


Delivery Dates

Butter futures are delivered every year in March, May, July, September, October, & December.[1]

The following is a table with buttuer futures delivery dates and resultant tickers for 2009. For an explanation on commodity tickers see commodity ticker construction.

Delivery Month Full Ticker Symbol Thomson-Reuters Symbol
March, 2009DBH9DB/H9-CM
May, 2009DBK9DB/K9-CM
July, 2009DBN9DB/N9-CM
September, 2009DBU9DB/U9-CM
October, 2009DBV9DB/V9-CM
DecemberDBZ9DB/Z9-CM

Contract Specifications

Contract Size

One Butter futures contract on the Chicago Mercantile Exchange is 40,000 pounds.[1]

Daily Price Limit

$0.05 per pound above or below the previous day's settlement price, multiple expansions. No limits in the spot month.[1]

Trading Hours

Butters futures contracts are traded on the Chicago Mercantile Exchange (CME) in open outcry (pit sessions) Monday through Friday, 9:05 am to 1:10 pm, US Central time.[1]

Last Trading Day

Trading of Butter futures contracts on the Chicago Mercantile Exchange ends on the business day immediately preceding the last seven business days of the contract month. On the last trading day, trading ends at 12:10 p.m. Central Time.[1]

Deliverable Grades

Deliverable Butter grades for futures contracts on the Chicago Mercantile Exchange are: Grade AA Butter.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 The Chicago Mercantile Exchange's contract specification for Butter futures
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki