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Rice Futures |
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WIKI ANALYSIS
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This article describes a futures contract with a discrete termination or delivery date. View articles referencing this futures contract. |
Rough Rice futures are traded on the Chicago Board of Trade under ticker symbol RR in cents per hundredweight. For electronic trading sessions, the symbol ZR is used.[1]
The chart at left shows front-month rough rice prices on the Chicago Board of Trade (CBOT) in cents per hundredweight.
Delivery Dates
Rough Rice futures are delivered every year in January, March, May, July, September, & November.[1]
The following is a table with rough rice 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, 2009 | RRF9 | RR/F9-CB |
| March, 2009 | RRH9 | RR/H9-CB |
| May, 2009 | RRK9 | RR/K9-CB |
| July, 2009 | RRN9 | RRN9-CB |
| September, 2009 | RRU9 | RR/U9-CB |
| November, 2009 | RRZ9 | RR/X9-CB |
Contract Specifications
Contract Size
One Rough Rice futures contract on the Chicago Board of Trade is 2,000 hundredweights.[1]
Daily Price Limit
$0.50 per hundredweight expandable to $0.75 and then to $1.15 when the market closes at limit bid or limit offer. There shall be no price limits on the current month contract on or after the second business day preceding the first day of the delivery month.[1]
Last Trading Day
Trading of Rough Rice futures contracts on the Chicago Board of Trade ends on the business day prior to the 15th calendar day of the contract month.[1]
Deliverable Grades
Deliverable Rough Rice grades for futures contracts on the Chicago Board of Trade are: U.S. No. 2 or better long grain rough rice with a total milling yield of not less than 65% including head rice of not less than 48%. Premiums and discounts are provided for each percent of head rice over or below 55%, and for each percent of broken rice over or below 15%. No heat-damaged kernels are permitted in a 500-gram sample and no stained kernels are permitted in a 500-gram sample. A maximum of 75 lightly discolored kernels are permitted in a 500-gram sample.[1]
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