Get the latest Class 3 Milk futures prices, monthly Class 3 Milk futures trading charts, breaking Class 3 Milk futures news and Class 3 Milk futures contract specifications.
Chart of Class 3 Milk futures updated March 22, 2019. Click the chart to enlarge. Press ESC to close.
Disclaimer: This material is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results.
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| CME Globex Product Symbol (Electronic Trading) | DC |
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| Open Outcry Product Symbol (Trading Floor) | DA |
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| Contract Size | Each futures contract shall be valued at 2,000 times the USDA Class III Price for milk. . |
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| Trading Unit | The unit of trading shall be 200,000 pounds, expressed as 2,000 hundredweight (cwt.). |
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| Price Quotation | Cents per pound |
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| Venue | CME Globex, Open Outcry |
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| CME Globex Hours (EST) | MON 9:05 a.m. - FRI 1:55 p.m. Central Time Daily trading halts 4:00 p.m. - 5:00 p.m. Central Time |
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| Open Outcry Hours (EST) | MON-FRI: 9:05 a.m. -1:00 p.m. Central Time |
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| Minimum Fluctuation | Minimum price fluctuations shall be in multiples of $.01 per cwt. |
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| Daily Price Limits | There shall be no trading at a price more than $0.75 per cwt. above or below the previous day's settlement price. |
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| Position Limits | No person shall own or control more than: 1,500 contracts long or short in any contract month; For positions involving options on Milk futures, this rule is superseded by the option speculative position limit rule. |
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| Accumulation of Positions | For purposes of this rule, the positions of all accounts directly or indirectly owned or controlled by a person or persons, and the positions of all accounts of a person or persons acting pursuant to an expressed or implied agreement or understanding, and the positions of all accounts in which a person or persons have a proprietary or beneficial interest, shall be cumulated. |
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| Exemptions | The foregoing position limits shall not apply to bona fide hedging positions meeting the requirements of Regulation 1.3(z)(1) of the Commodity Futures Trading Commission and rules of the Exchange and shall not apply to other positions exempted pursuant to Rule 559. |
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| Listed Contracts | Feb, Apr, May, Jun, Jul, Aug, Oct, Dec |
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| Termination of Trading | Trading shall terminate on the business day immediately preceding the day on which the USDA announces the Class III price for that contract month. |
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| Final Settlement | There shall be no delivery of milk in settlement of this contract. All contracts open as of the termination of trading shall be cash settled based upon the USDA Class III price for milk for the particular month, as first released. |
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| Rulebook Chapter | 52 |
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| Exchange Rule | These contracts are listed with, and subject to, the rules and regulations of CME. |
