Contract Specifications:SM,CBOT | Trading Unit: | 100 tons (2,000 lbs/ton) | | Tick Size: | 10 cents/ton ($10/contract) | | Quoted Units: | US $ per short ton | | Initial Margin: | $1,823 Maint Margin: $1,350 | | Contract Months: | Jan, Mar, May, Jul, Aug, Sep, Oct, 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/ton ($2,000/contract), spot month none | |