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Rough Rice Futures Contract

Rough Rice futures contracts enable both speculators and hedgers the opporutnity to participate in this widely used commodity. Rough rice is the whole rice grain as it’s harvested — with the protective hull still intact. Rice is consumed by more than half of the people in the world, making it the most-consumed grain on the planet. But, at about 480 million metric tons per annum, rice ranks 3rd in production, after corn and wheat.

Contract Unit

2,000 hundredweights (CWT) ~ 91 Metric tons

Futures Contract
Symbol

 

CME Globex: ZR

Trading Hours 

CME Globex: Sunday – Friday 7:00 p.m. – 9:00 p.m.  and Monday – Friday 8:30 a.m. – 1:20 p.m. Chicago/Central Time (CT).

Minimum Price
Fluctuation

1/2 cent per hundredweight = $10.00

Contract Months

January, March, May, July, September & November

Settlement Method

Deliverable

Price Limit / Circuit

Source: CME Group

The above information was derived from sources believed to be reliable and accurate. It is provided without guarantees and is subject change without notice.

Since 2001, Insignia Futures & Options has been providing commodity futures brokerage services to investors from all over the world.

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