Contract Specifications:O,CBOT | Trading Unit: | 5,000 bu | | Tick Size: | 1/4 cent/bu ($12.50/contract) | | Quoted Units: | US $ per bushel | | Initial Margin: | $1,350 Maint Margin: $1,000 | | Contract Months: | Mar, May, Jul, Sep, Dec, | | First Notice Day: | Last business day of month preceding contract month. | | Last Trading Day: | The business day prior to the 15th calendar day of the contract month. | | Trading Hours: | 9:30 a.m. - 1:15 p.m. Chicago time, Mon-Fri.
Trading in expiring contracts closes at noon on the last trading day.
| | Daily Limit: | +- 20 cents/bu ($1,000/contract), spot month none | |