January, March, May, July, September, and November
Delivery Registration Day
The fifth business day prior to the First Notice Day
First Notice Day
The last business day of the month prior to the contract month.
Last Trading Day
The business day prior to the 15th calendar day of the contract month.
Margin
As MXV required
Position Limit
As MXV required
Price Limit
Daily Price Limit
Expanded Price Limit
$1.10/cwt
$1.65/cwt
Settlement Method
Deliverable
Quality Standards
No. 1, No. 2 Rough Rice
In accordance with the regulations of Rough Rice traded on Chicago Board of Trade (CBOT).
U.S. No. 2 or better long grain rough rice with a total milling yield of not less than 65% including head rice of not less than 48%. Premiums and discounts are provided for each percent of head rice over or below 55%, and for each percent of broken rice over or below 15%. No heat-damaged kernels are permitted in a 500-gram sample and no stained kernels are permitted in a 500-gram sample. A maximum of 75 lightly discolored kernels are permitted in a 500-gram sample.
Grade
Maximum limits of ---
Seeds and heat-damaged kernels (Number in 500 grams)
Red rice and damaged kernels (singly or combined) (%)
Chalky kernels
Color requirements (minimum)
Total
Heat-damaged kernels and objectionable seeds (singly or combined)
