Commodity Metric Conversion Guide - CME Group

1 Agricultural ProductsAgricultural Commodity Metric Conversion GuideAs the world s leading and most diverse derivatives marketplace, CME Group ( ) is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through its CME Globex electronic trading platform and its trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort. AGRICULTURAL PRODUCTS MORE AGRICULTURAL FUTURES AND OPTIONS.

2 GREATER OPPORTUNITY. CME Group offers the widest range of agricultural derivatives of any exchange, with trading available on a range of grains, livestock, oilseed, dairy, lumber and other products. Representing the staples of everyday life, these products offer you liquidity, transparent pricing and extraordinary opportunities in a regulated centralized marketplace with equal access to all Metric Conversion GuideIN THIS Guide PASSPORT TO THE WORLD 2 CONTRACT MONTH CODE 3 GRAINS AND OILSEEDS corn 4 Crude Palm Oil 6 Oats 8 Rough Rice 10 Soybeans 12 Soybean Meal 14 Soybean Oil 16 Wheat (Chicago SRW/KC HRW) 18 Black Sea Wheat 20 DAIRY Cash-settled Butter 22 Cheese 23 Class III Milk 24 Class IV Milk 25 Dry Whey 26 Nonfat Dry Milk 27 LIVESTOCK Live Cattle 28 Feeder Cattle 29 Lean Hog 30 LUMBER Random Length Lumber 31 FERTILIZER UREA US Gulf 32 Urea Egypt 33 Urea Yuzhny 34 UAN NOLA 35 DAP Tampa 36 DAP NOLA 37 GLOBAL TIME ZONES 38 CME Group AGRICULTURAL 39 Commodity PRODUCTS Group has developed this handy pocket Guide to help you in converting Metric tons to to Use this Guide Example.

3 To convert 11,000 Metric tons of corn to bushels, just add the appropriate Conversion listed in the table on Page 4. 10,000 Metric tons = 393,683 bushels + 1,000 Metric tons = 39,368 bushels 11,000 Metric tons = 433,051 bushelsWe have also included price Conversion tables equating the dollar value of a given Commodity to the dollar value in Metric tons. We hope you find these Conversion tables useful in meeting your hedging : There may be a slight discrepancy between the charts and formulas as a result of TO THE WORLD3As stheworledh oAsaildnhsaogmhtlJanuaryFFebruary GMarchHAprilJMayKJuneMJulyNAugustQSeptem berUOctoberVNovemberXDecemberZCONTRACT MONTH CORNP rice per bushel x = Metric ton price Metric ton price x .0254012 = price per bushel$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $/Bushel to $/ Metric Ton $/ Metric Ton to $/BushelOne corn futures contract = 5,000 bushels Contract months: Dec, Mar, May, Jul, Sep5As stheworledh oAsaildnhsaogmhtl25062598450013501,96875 019752,9531,000251003,9372,000512007,874 3,0007630011,8104,00010240015,7475,00012 750019,68410,0002541,00039,36820,0005082 ,00078,73730,0007623,000118,10540,0001,0 164,000157,47350,0001,2705,000196,841100 ,0002,54010,000393,683200,0005,08020,000 787,365300,0007,62030,0001,181,048400,00 010,16040,0001,574,730500,00012,70150,00 01,968,4131,000,00025,40155,0002,165,254 2,000,00050,802 Bushels x.

4 0254012 = Metric tons Metric tons x = bushels One bushel = 56 poundsBushels to Metric Tons Metric Tons to CRUDE PALM OILP rice per pound = price per Metric ton x .0004536 Price per Metric ton = price per pound x $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $1, $ $ $ $1, $ $ $1, $/ Metric Ton to $/Pound $/Pound to $/ Metric TonOne CPO futures contract = 25 Metric tons Contract months: Monthly referencing FCPO 2nd through the 5th consecutive forward months, skipping the spot and first forward month. Thereafter, alternate months up to 24 stheworledh oAsaildnhsaogmhtl1022,0462,00012044,0925 ,00023066,13910,00054088,18520,000950110 ,23130,00014100220,46240,00018200440,925 50,00023300661,387100,00045400881,849200 ,000915001,102,312300,0001361,0002,204,6 23400,0001812,0004,409,246500,0002273,00 06,613,8691,000,0004544,0008,818,4922,00 0,0009075,00011,023,1154,000,0001,81410, 00022,046,2305,000,0002,26820,00044,092, 46010,000,0004,53630,00066,138,69020,000 ,0009,07240,00088,184,92030,000,00013,60 850,000110,231,15040,000,00018,144100,00 0220,462,30050,000,00022,6801 pound =.

5 0004536 Metric tons1 Metric ton = poundsMetric Tons to Pounds Pounds to Metric per bushel x = Metric ton price Metric ton price x .017236496 = price per bushel $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $/Bushel to $/ Metric Ton $/ Metric Ton to $/BushelOne Oat futures contract = 5,000 bushels Contract months: Jul, Sep, Dec, Mar, May O/ZO OATS9As stheworledh oAsaildnhsaogmhtlBushels x .017236496 = Metric tons Metric tons x = bushels One bushel = 38 pounds250 4 25 1,450 500 9 50 2,901 750 13 75 4,351 1,000 17 100 5,802 2,000 34 200 11,603 3,000 52 300 17,405 4,000 69 400 23,207 5,000 86 500 29,008 10,000 172 1,000 58,016 20,000 345 2,000 116,033 30,000 517 3,000 174,04940,000 689 4,000 232,065 50,000 862 5,000 290,082 100,000 1,724 10,000 580,164200,000 3,447 20,000 1,160,329 300,000 5,171 30,000 1,740,493400,000 6,895 40,000 2,320,657 500,000 8,618 50,000 2,900,822 1,000,000 17,237 55,000 3,190,904 2,000,000 34.

6 473 Bushels to Metric Tons Metric Tons to $ $ $ $ $ $ $1 $ $ $ $2 $ $ $ $3 $ $ $ $4 $ $ $ $5 $ $ $ $10 $ $ $ $20 $ $ $ $30 $ $ $ $40 $ $ $ $50 $ $ $ $100 $ $ $ $120 $ $ $ $140 $ $ $ $160 $ $ $ $180 $ $ $ $200 $ $ $ $220 $ $ $ $240 $ $ $ $260 $ $280 $ $300 $ $/Cwt to $/ Metric Ton $/ Metric Ton to $/CwtOne Rough Rice futures contract =2,000 hundredweights (cwt) Contract months: Sep, Nov, Jan, Mar, May, JulRR/ZR ROUGH RICEP rice per Cwt x = Metric Ton PriceMetric Ton Price x .0453592 = Cwt Price11As stheworledh oAsaildnhsaogmhtl250 11 25 551 500 23 50 1,102 750 34 75 1,653 1,000 45 100 2,205 2,000 91 200 4,409 3,000 136 300 6,614 4,000 181 400 8,818 5,000 227 500 11,023 10,000 454 1,000 22,046 20,000 907 2,000 44,092 30,000 1,361 3,000 66,139 40,000 1,814 4,000 88,185 50,000 2,268 5,000 110,231 100,000 4,536 10,000 220,462 200,000 9,072 20,000 440,925 300,000 13,608 30,000 661,387 400,000 18,144 40,000 881,850 500,000 22,680 50,000 1,102,312 1,000,000 45,359 55,000 1,212,543 Cwt x.

7 0453592 = Metric tons Metric ton x = cwt One hundredweight = 100 pounds Cwt to Metric Tons Metric Tons to per bushel x = Metric ton price Metric ton price x .0272155 = price per bushel$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $/Bushel to $/ Metric Ton $/ Metric Ton to $/BushelOne Soybean futures contract = 5,000 bushels Contract months: Sep, Nov, Jan, Mar, May, Jul, Aug S/ZS SOYBEANS13As stheworledh oAsaildnhsaogmhtlBushels to Metric Tons Metric Tons to BushelsBushels x .0272155 = Metric tons Metric tons x = bushels One bushel = 60 pounds 25072591950014501,83775020752,7561,00027 1003,6742,000542007,3493,0008230011,0234 ,00010940014,6975,00013650018,37210,0002 721,00036,74420,0005442,00073,48730,0008 163,000110,23140,0001,0894,000146,97550, 0001,3615,000183,719100,0002,72210,00036 7,437200,0005,44320,000734,874300,0008,1 6530,0001,102,311400,00010,88640,0001,46 9,748500,00013,60850,0001,837,1851,000,0 0027,21655,0002,020,9042,000,00054, per short ton x = Metric ton price Metric ton price x.

8 907185 = price per short ton$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $/Short Ton to $/ Metric Ton $/ Metric Ton to $/Short TonOne Soybean Meal futures contract = 100 short tons Contract months: Oct, Dec, Jan, Mar, May, Jul, Aug, Sep SM/ZM SOYBEAN MEAL 15As stheworledh oAsaildnhsaogmhtlShort tons x .907185 = Metric tons Metric tons x = short tons One short ton = 2,000 pounds One Metric ton = pounds25 23 25 28 50 45 50 55 75 68 75 83 100 91 100 110 200 181 200 220 300 272 300 331 400 363 400 441 500 454 500 551 1,000 907 1,000 1,102 2,000 1,814 2,000 2,205 3,000 2,722 3,000 3,3074,000 3,629 4,000 4,409 5,000 4,536 5,000 5,51210,000 9,072 10,000 11,02320,000 18,144 20,000 22,046 30,000 27,216 30,000 33,069 40,000 36,287 40,000 44,09250,000 45,359 50,000 55,116 100,000 90,719 55,000 60,627 Short Tons to Metric Tons Metric Tons to Short per pound x = Metric ton price Metric ton price x.

9 0004536 = price per pound $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $1, $ $ $ $1, $ $/Pound to $/ Metric Ton $/ Metric Ton to $/PoundOne Soybean Oil futures contract = 60,000 pounds Contract months: Oct, Dec, Jan, Mar, May, Jul, Aug, Sep BO/ZL SOYBEAN OIL17As stheworledh oAsaildnhsaogmhtlPounds x .0004536 = Metric tons Metric tons x = pounds 2,000 1022,046 5,000 2044,092 10,000 30 66,139 20,000 9 40 88,185 30,000 14 50 110,231 40,000 18 100 220,462 50,000 23 200 440,925 100,000 45 300 661,387 200,000 91 400881,849300,000 136 5001,102,312400,000 181 1,0002,204,623500,000 227 2,0004,409,2461,000,000 454 3,0006,613,8692,000,000 907 4,0008,818,4923,000,000 1,361 5,00011,023,1154,000,000 1,814 10,00022,046,2305,000,000 2,268 20,00044,092,46010,000,000 4,536 30,00066,138,69020,000,000 9,072 40,00088,184,92030,000,000 13,608 50,000110,231,15040,000,000 18,144 100,000220,462,30050,000,000 22,680 100,000,000 45,360 Pounds to Metric Tons Metric Tons to per bushel x = Metric ton price Metric ton price x.

10 0272155 = price per bushel$ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $/Bushel to $/ Metric Ton $/ Metric Ton to $/BushelOne Wheat futures contract = 5,000 bushels Contract months: Jul, Sep, Dec, Mar, May WHEAT W/ZW CHICAGO SOFT RED WINTER KW/KE KC HARD RED WINTER19As stheworledh oAsaildnhsaogmhtlBushels to Metric Tons Metric Tons to BushelsBushels x .0272155 = Metric tons Metric tons x = bushels One bushel = 60 pounds 25072591950014501,83775020752,7561,00027 1003,6742,000542007,3493,0008230011,0234 ,00010940014,6975,00013650018,37210,0002 721,00036,74420,0005442,00073,48730,0008 163,000110,23140,0001,0894,000146,97550, 0001,3615,000183,719100,0002,72210,00036 7,437200,0005,44320,000734,874300,0008,1 6530,0001,102,311400,00010,88640,0001,46 9,748500,00013,60850,0001,837,1851,000,0 0027,21655,0002,020,9042,000,00054,431 BLACK SEA WHEAT Price per bushel x = Metric ton priceMetric ton price x.