What Are Rough Rice Futures?
Rough Rice Futures (ZR) are futures contracts based on the price of rough rice, the primary form of rice harvested before it is milled. These contracts provide exposure to the rice market, a key agricultural commodity used globally in food production. Traders, farmers, and agricultural companies use Rough Rice Futures to hedge against price fluctuations or speculate on changes in supply and demand within the rice market.
Contract Size
- Contract Size: 2,000 hundredweight (cwt) of rough rice.
Trading Hours
The Rough Rice Futures contract trades nearly 24 hours a day, five days a week, offering consistent access to the global agricultural markets.
- Sunday – Thursday: 7:00 PM to 9:00 PM
- Pre-Open Sunday: 4:00PM to 7:00 PM
- Time Zone: Central Time (CT).
Tick Value and Increment
- Tick Size: $0.01 per cwt.
- Tick Value: $20.00 per tick.
- Minimum Price Fluctuation: $0.01 per cwt.
This makes Rough Rice Futures an excellent choice for traders seeking liquidity, leverage, and exposure to the agricultural markets.
Trading Symbol
- Platform Symbol: ZR
Margins
To trade Rough Rice Futures, you’ll need to meet specific margin requirements. Check out Ironbeam’s Margins Page for the latest margin rates and details.
Why Trade Rough Rice Futures?
- Liquidity: High liquidity ensures tight spreads and efficient execution.
- Hedging Opportunities: Widely used by producers, traders, and agricultural companies to hedge against price volatility in the rice market.
- Global Influence: Rough rice prices are affected by global demand for rice, production levels, and weather conditions, making it a key agricultural commodity.
- Diversification: Add exposure to the agricultural market to complement equity or energy investments.
- Price Discovery: Futures markets offer an effective mechanism for determining the fair price of rough rice.
Start Trading ZR with Ironbeam
Ironbeam provides a robust trading platform and API to help you access Rough Rice Futures with ease. Trade confidently with free real-time Level 2 market data and personal broker support.
DISCLAIMER: There is a substantial risk of loss in trading commodity futures and options products. Losses in excess of your initial investment may occur. Past performance is not necessarily indicative of future results. Please contact your account representative with concerns or questions.