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What is the CBOT Ethanol futures contract size?

April 26, 2017cbot ethanol futures contract size

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What is the CBOT Ethanol futures contract size?

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29,000 gallons, which is equivalent to 1 railcar or 2 Corn contracts. 7. What is the barrel equivalent of a 29,000 gallon Ethanol futures contract? 29,000 gal ÷ 42 gpb = 690.5 barrels 8. What is the delivery grade specified in the CBOT Ethanol futures contract? The contract grade for delivery is Renewable Denatured Fuel Ethanol as specified in the latest version of The American Society for Testing and Materials (A.S.T.M.) Standard D4806 for “Denatured Fuel Ethanol for Blending with Gasolines for Use as Automotive Spark-Ignition Engine Fuel.” In addition, delivery grade ethanol shall meet all California specifications. 9. Does the CBOT Ethanol futures contract specify the ethanol must be produced from corn? No. CBOT Rules and Regulations do NOT specify what feedstock is used to produce the ethanol or where it is produced. Only that it meet the defined delivery grade. 10. What is the CBOT Ethanol futures contract pricing unit? Dollars and cents per gallon 11. What is the tick size (minim