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.

Nonfat Dry Milk Spot Call Example:
Nonfat Dry Milk Spot Call contracts are for 42,00045,000 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.