Cheese Spot Call
Cheese Spot Call Meaning:
In commodity market terminology, Cheese Spot Call refers to cheddar cheese futures contracts for same-day physical delivery and which are traded by open outcry on the floor of the Chicago Mercantile Exchange. Cheese is a dairy product usually formed by curdling milk or cream.
In commodity market terminology, Cheese Spot Call refers to cheddar cheese futures contracts for same-day physical delivery and which are traded by open outcry on the floor of the Chicago Mercantile Exchange. Cheese is a dairy product usually formed by curdling milk or cream.
Cheese Spot Call futures are for 40,000 – 44,000 pounds (18 to 20 metric tons) of cheddar cheese in blocks or barrels. The futures are quoted in cents per pound and are traded between the hours of 10:45 AM until 10:55 AM Monday thru Friday under the symbol KB. Prices are quoted in U.S. Dollars and cents and the minimum fluctuation for a Cheese Spot Call contract is $100.00 - $110.00.