QUOTE AND NEWS
Agrimoney.com  Mar 19  Comment 
Ethanol futures hit a seven-month high after the US reveals its stocks of the biofuel declining close to a record low, despite a rise in output
Reuters  Sep 29  Comment 
The U.S. Commodity Futures Trading Commission (CFTC) on Friday accused a Texas man of defrauding a bank of $42.4 million using ethanol futures contracts.     




 


Ethanol futures are traded on the Chicago Board of Trade under ticker symbol AC in U.S dollars and cents per gallon.[1]

The chart at left shows front-month Ethanol futures prices on the Chicago Board of Trade (CBOT) in dollars per gallon. Please note that because of ticker conflicts, Wikinvest uses the tickers AK and ZK for pit and electronic sessions, respectively, rather than the more traditional AC and ZC.

Delivery Dates

Ethanol futures are delivered every year in January, February, March, April, May, June, July, August, September, October, November and December (all months).[1]

The following is a table with Ethanol 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
January, 2009ACF9AC/F9-NM
February, 2009ACG9AC/G9-NM
March, 2009ACH9AC/H9-NM
April, 2009ACJ9AC/J9-NM
May, 2009ACK9AC/K9-NM
June, 2009ACM9AC/M9-NM
July, 2009ACN9AC/N9-NM
August, 2009ACQ9AC/Q9-NM
September, 2009ACU9AC/U9-NM
October, 2009ACV9AC/V9-NM
November, 2009ACX9AC/X9-NM
December, 2009ACZ9AC/Z9-NM


Contract Specifications

Contract Size

One Ethanol futures contract on the Chicago Board of Trade is 29,000 US gallons.[1]

Tick Value

One tenth of one cent ($0.001) per gallon.[1]

Daily Price Limit

Thirty cents ($0.30) per gallon ($8,700 per contract) above or below the previous day's settlement price. No limit in the spot month ( limits are lifted beginning on First Position Day).[1]

Trading Hours

  • Open Outcry: 9:30 a.m. - 1:15 p.m. Chicago Time
  • On the CME Globex electronic platform: 6:36 p.m. - 6:00 a.m. and 9:30 a.m. to 1:15 p.m. Chicago Time.[1]

Last Trading Day

Trading ceases on the second business day following the last trading day of the delivery month..[1]

Deliverable Grades

Denatured Fuel Ethanol as specified in The American Society for Testing and Materials standard D4806 for Denatured Fuel Ethanol for Blending with Gasolines for Use as Automotive Spark-Ignition Engine Fuel plus California standards.

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 The Chicago Board of Trade's contract specification for Ethanol futures
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