Nonfat Dry Milk Spot Call
Nonfat Dry Milk Spot Call Meaning:
In commodity market terminology, Nonfat Dry Milk Spot Call refers to Nonfat Dry Milk contracts traded for same-day delivery by open outcry on the floor of the Chicago Mercantile Exchange. Nonfat Dry Milk is a powdery substance obtained from dehydrated milk.
In commodity market terminology, Nonfat Dry Milk Spot Call refers to Nonfat Dry Milk contracts traded for same-day delivery by open outcry on the floor of the Chicago Mercantile Exchange. Nonfat Dry Milk is a powdery substance obtained from dehydrated milk.
Nonfat Dry Milk Spot Call contracts are for 42,000–45,000 pounds (19 – 20 metric tons) of Nonfat Dry Milk for same day physical delivery and are traded between the hours of 10:55 AM until 11:00 AM Monday thru Friday under the symbol AA. Contract prices are quoted in U.S. Dollars and cents and the minimum fluctuation for a Nonfat Dry Milk Spot Call contract is $105.00 - $112.50, depending on contract size.