Gulf Coast Diesel Futures

 
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Gulf Coast Diesel futures are traded on the New York Mercantile Exchange under ticker symbol LU in U.S. dollars and cents per barrel.[1]

The chart at left shows front-month Gulf Coast Diesel Futures prices on the New York Mercantile Exchange (NYMEX) in dollars per gallon.

Delivery Dates

Gulf Coast Diesel 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 Gulf Coast Diesel 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, 2009LUF9LU/F9-NM
February, 2009LUG9LU/G9-NM
March, 2009LUH9LU/H9-NM
April, 2009LUJ9LU/J9-NM
May, 2009LUK9LU/K9-NM
June, 2009LUM9LU/M9-NM
July, 2009LUN9LU/N9-NM
August, 2009LUQ9LU/Q9-NM
September, 2009LUU9LU/U9-NM
October, 2009LUV9LU/V9-NM
November, 2009LUX9LU/X9-NM
December, 2009LUZ9LU/Z9-NM


Contract Specifications

Contract Size

One Gulf Coast Diesel futures contract on the New York Mercantile Exchange is 1,000 U.S. barrels (42,000 gallons).[1]

Tick Value

$0.0001 per gallon[1]

Daily Price Limit

None.[1]

Trading Hours

  • On the CME Globex electronic platform: 6:00 PM until 5:15 PM, Sunday through Friday. There is a 45-minute break each day between 5:15PM (current trade date) and 6:00 PM (next trade date), New York Time.[1]
  • Open Outcry (pit session): 9:05 AM until 2:30 PM, New York Time.[1]

Last Trading Day

Trading terminates at the close of business on the third business day prior to the 25th calendar day of the month preceding the delivery month. If the 25th calendar day of the month is a non-business day, trading shall cease on the third business day prior to the business day preceding the 25th calendar day.[1]

Deliverable Grades

Fungible 61 Grade ULSD (15 PPM sulfur).[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 The New York Mercantile Exchange's contract specification for Gulf Coast Diesel futures
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