Trading Unit: 100 tons of contract grade DAP in bulk

Delivery Grade: 18-46-0 diammonium phosphate with analysis of: 18% nitrogen by weight (less than 17.5% N not deliverable). 1.75% moisture, 85% water souble., 90% Tyler mesh.

Tick Size: 10 cents/ton ($ 10/con tract)

Daily Price Limit: $10/ton ($ 1,000/contract) above oz below the previous days settlement price (expandable to $15/contract)

Price Basis: FOB railcar in Polk, Hillsborough, or Manatee counties in central Florida.

Contract Months: Dec, March, June, September

Last Trading Day: The seventh business day prior to the last business day of the delivery month

Last Delivery Day: The second business day after the last day of trading

Delivery: Shipping cerficate issued by a shipping plant in Pok, Hillsborough, or Manatee counties in central Florida approved by the CBOT

Trading Hours: 9:05 a.m. - 12:50 p.m. Chicago Came, Mon-Fri. 'Trading in expiring contracts closes at noon on the last trading day.

Ticker Symbol: NZ