CME Palm Oil (Chicago, US)
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Specification
The contract size for palm oil is 25 tonnes and the tick size at $ 0.025 per pound ($ 6.25 per contract). The contract months are the respective third, fourth, and fifth month from the current date. From there on alternating months over a total period of 24 months. The last trading day of the month 15th of the month of delivery is two Monatevor, at 12:00. The electronic trading hours are 19:00 to 07:45 (at night) and 08:30 to 13:15 after Chicago time. More information can be found here.
The CME (Chicago Mercantile Exchange) is an American financial and commodity futures exchange in Chicago. In 2007, CME and CBOT the (Chicago Board of Trade) was merged into common CME Group Inc.. At the CME both e-commerce and via "Open Outcry" is traded on the floor. You can find an overview of agricultural commodity futures here.
