QUOTE AND NEWS
Mondo Visione  Dec 13  Comment 
Tokyo Grain Exchange Inc. (TGE) announced that it has won a Futures and Options World (FOW) Award for International 2012 New Agricultural Contract of the Year for Rice Futures from FOW, a global derivatives magazine. The awards were revealed at...
The Hindu Business Line  Sep 14  Comment 
Rice experts have discouraged Singapore from setting up an international futures trading market on the Asian staple, saying it will not help in price management. The experts had discussed...
Mondo Visione  May 25  Comment 
The REVISED SPAN parameters for rice futures applicable from May 28 (Mon) to May 31, 2011 (Thu) is now available on the Japan Commodity Clearing House website at the following URL: http://www.jcch.co.jp/i/
Mondo Visione  Feb 21  Comment 
In relation to the accident of Tokyo Electric Power Company’s Fukushima Daiichi Nuclear Power Station in March 2011, from the perspective of protection of food safety, the Ministry of Health, Labour and Welfare has established provisional...
Mondo Visione  Dec 21  Comment 
11/12/20 Delivery Price : 13,900yen No. of deliveries : 56lots Deliverer (lots) Receiver (lots) OKAYASU 56 OKAYASU 40     YUTAKA SHOJI 16
Mondo Visione  Nov 29  Comment 
Delivery Price : 14,500yen No. of deliveries : 8lots Deliverer (lots) Receiver (lots) YUTAKA SHOJI 5 OKAYASU 8 OKAYASU 2     OKACHI 1    




 


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, 2009RRF9RR/F9-CB
March, 2009RRH9RR/H9-CB
May, 2009RRK9RR/K9-CB
July, 2009RRN9RRN9-CB
September, 2009RRU9RR/U9-CB
November, 2009RRZ9RR/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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