| B |
|
|
|
| Biodiesel (B100) |
A fuel comprised of mono-alkyl esters of long fatty acids
derived from vegetable oils or animal fats. Biodiesel blend stock must be at
least 99 percent biodiesel, no more than 1 percent diesel fuel. In Market
News it is reported as a vegetable oil based diesel fuel. |
| |
|
| Biomass |
Renewable materials such as a wood, agriculture crops or
wastes used as a source of fuel or energy. Biomass can be burned directly of
processed into biofuels such as ethanol and methane. |
| |
|
| C |
|
|
|
| Choice White Grease |
A specific grade of mostly pork fat defined by hardness,
color, fatty Acid content, moisture, insolubles and free fatty acids. |
| |
|
| CME Group Ethanol |
Contract size is 29,000 gallons (one railcar). Deliverable
grades Denatured Fuel Ethanol ASTM D4806. Contract months are all calendar
months. Daily price limits are $0.30 per gallon, no limit in the spot month.
Final settlement procedure is by physical delivery. Refer to the following
for full specifications:
http://www.cmegroup.com/trading/energy/ethanol/cbot-ethanol_contract_specifications.html |
| |
|
| CME Group Soybean Oil |
Contract size is 60,000 pounds, about 27 metric tons. Prices
are per pound. Contract months are January, March, May, July, August,
September, October and December. Daily price limit is 2.5 cents per pound
expandable to 3.5 cents per pound and then to 5.5 cents per pound when the
market closes at limit bid or limit offer. There shall be no price limits on
the current month contract on or after the second business day preceding the
first day of the delivery month. Settlement is physical Delivery. Refer to
the following link for full specifications:
http://www.cmegroup.com/trading/agricultural/grain-and-oilseed/soybean-oil_contract_specifications.html |
| |
|
| Crude Corn Oil |
Unrefined corn oil. |
| |
|
| Crude Soybean Oil |
Unrefined soybean oil. |
| |
|
| D |
|
|
|
| Dried Distillers Grain |
A by-product of ethanol production containing 10 to 12
percent moisture and 28 to 30 percent protein value on a dry matter basis. |
| |
|
| E |
|
|
|
| Edible Tallow |
Derived from cooking down fatty tissue from edible portions
of beef carcasses under supervision of USDA Meat Inspection. It is further
refined by running it through separators and filters to remove all traces of
solids and moisture. It is transported in liquid form in rail-cars and taker
trucks. The main use of edible tallow is a frying oil. It is also used as a
shortening in a wide variety of baked goods. |
| |
|
| Ethanol |
An alternative automotive fuel derived from grain, primarily
corn. |
| |
|
| I |
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|
|
| Inedible Packer Bleachable Tallow |
Packer Packer bleachable tallow is inedible all beef tallow.
It is produced from beef fractions or bones. These inedible fractions may be
collected from small packing plants, butchers or chain stores and processed
without USDA supervision. It may be referred to as ?soap grade? tallow, with
a minimum titre of 41.5 to 42.0. It is used in the soap and cosmetic
industry and sometimes in the chemical industry. It is also used in animal
feeds. |
| |
|
| Inedible Tallow |
A cattle by-product produced by rendering down all the
inedible waste, used in the manufacturing of soap and formerly incorporated
into animal feeds. |
| |
|
| M |
|
|
|
| Modified Wet Distillers Grain |
A by-product of ethanol production containing 50 to 55
percent moisture. |
| |
|
| N |
|
|
|
| NYMEX Crude Oil |
Crude oil is the world's most actively traded commodity.
Light, sweet crudes are preferred by refiners because of their low sulfur
content and relatively high yields of high-value products such as gasoline,
diesel fuel, heating oil, and jet fuel. Contract size is 1,000 barrels.
Quoted as US dollars per barrel. Settlement type is physical. Refer to the
following link for full specifications:
http://www.cmegroup.com/trading/energy/crude-oil/light-sweet-crude_contract_specifications.html |
| |
|
| NYMEX Heating Oil |
Contract size is 42,000 gallons quoted in US dollars and
cents per gallon. Settlement type is physical. Refer to the following link
for full specifications:
http://www.cmegroup.com/trading/energy/refined-products/heating-oil_contract_specifications.html |
| |
|
| NYMEX Natural Gas |
Contract size is 10,000 million British thermal units (mmBtu)
quoted as US dollars and cents per mmBtu. Refer to the following link for
full specifications:
http://www.cmegroup.com/trading/energy/natural-gas/natural-gas_contract_specifications.html |
| |
|
| NYMEX RBOB |
Contract unit is 42,000 gallons quoted as US dollars and
cents per Gallon. Settlement type is physical. Refer to the following link
for full specifications:
http://www.cmegroup.com/trading/energy/refined-products/rbob-gasoline_contract_specifications.html |
| |
|
| W |
|
|
|
| Wet Distillers Grain |
A by-product of ethanol production containing 65 to 70
percent moisture. |
| |
|
| Y |
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|
| Yellow Grease |
Restaurant greases (fats and oils from cooking), and/or
lower quality tallow from rendering plants. |
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|
