Butter Spot Call
In commodity market terminology, Butter Spot Call refers to grade AA butter contracts traded for same-day delivery by open outcry on the floor of the Chicago Mercantile Exchange. Butter is a typically yellow or white dairy product consisting of an emulsion of butterfat and made by churning milk or cream
Butter Spot Call contracts are for 40,000 – 43,000 pounds (18 – 19.5 metric tons) of butter for same day physical delivery and are traded between the hours of 11:05 AM until 11:15 AM Monday thru Friday under the symbol AA. Prices are quoted in U.S. Dollars and cents and the minimum fluctuation for a Butter Spot Call contract is $100.00 - $107.50.